Jim Cramer - Mad MoneyCloudflareNETBUYSep 27, 2023
Shares popped 7% today when they announced several AI initiatives. A longtime favourite of his. They have partnerships with Nvidia, Microsoft and Meta. They help businesses operate more efficiently.
They reported a positive quarter but the street didn't like its forecast: a lighter sales cycle, macroeconomic uncertainty. The 21% plunge was an overreaction, though shares have recovered.
From November to July shares fell 80%, but last week they reported 54% revenue growth and a surprise profit. Management raised full-year guidance. Shares have been roaring. It shouldn't haven't been so low in the first place.
They report Thursday. He expects great numbers, but expects no one to care. It was once one of the priciest stocks, then led the way down when tech stocks recently fell out of favour.
It came public at $15 and has rallied 700% in two years. They keep delivering super results. About 18% is powered by their platform and today announced they're growing their network by 25%, targeting 250 cities in more than 100 countries. There's still room to run.
One of the big winners of 2020. A content deliverer-maker and offers cyber-security. Six weeks ago they delivered another quarterly beat. He recommends it, but it's moved up 27% in the past month and 391% YTD.
It ensures that digital operations in companies run smoothly It's pulled back a bit from recent highs, but still sells at above 30x sales, which is pricey. It's soared during Covid. Reports in two weeks--see what happens.
Shares popped 7% today when they announced several AI initiatives. A longtime favourite of his. They have partnerships with Nvidia, Microsoft and Meta. They help businesses operate more efficiently.