Comprare azioni Cloudflare (NET)? Analisi degli YouTuber di finanza

The YouTuber re-entered Cloudflare after selling it previously, believing that agentic AI is increasing internet traffic and Cloudflare could become a gatekeeper for this technology, adding significant optionality.

“Cloudflare is one that as I said I sold out of but I reentered it as I started learning more and more about claude coowwork and how agentic AI was increasing traffic on the internet and I believe that's adding a lot of optionality and that cloudflare could be the gatekeeper of this technology.” — ▶ Guarda clip

The YouTuber rates Cloudflare highly for its anti-fragility, citing its moat from low-cost production across a vast global network and massive switching costs for its users. Its optionality is demonstrated by accelerating dollar-based net retention and growth in areas like Cloudflare Workers for edge computing, zero-trust environments, AI inference, and sovereign AI contracts.

“Let's now go to number three which is cloudflare which got its start as a content delivery network to the edge for internet companies.” — ▶ 10:20

The YouTuber believes Cloudflare is a high-quality opportunity that can buck the trend of legacy software companies. It meets four criteria: a largely usage-based pricing model, hardware-integrated software, significant penalties for service mistakes (making customers stick), and legitimate network effects that improve the product with more users and scale.

“And one company that I do believe fits all four of these is Cloudflare, which started out as a content delivery network specialist, but has become many other things.” — ▶ 19:00

Brian Stoffel bought back into Cloudflare due to its strong revenue growth (34% in Q4 2025, accelerating from 27%), increasing number of paying customers, and significant growth in remaining performance obligations (48%). He believes the company is well-positioned for the AI agent era due to its anti-fragile, usage-based model, real-world feedback requirements, and proprietary context. Despite a high valuation (24x forward P/S, 86x forward operating cash flow), a reverse discounted cash flow analysis suggests the current price is justified if revenue grows at 30-33% for the next decade, which he believes is achievable given its widening moat and network effects.

“The real reason that I bought into it was because between when I sold and when I bought back in, Claude came out with their co-work uh tool chat GPT with, excuse me, with their frontier model. And when I saw that, I saw, boy, there is going to be a lot of demand for what Cloudflare has. I think this shifts the narrative, at least my understanding of it quite a bit.” — ▶ 3:00

The YouTuber considers Cloudflare 'anti-fragile,' believing AI will make content delivery even more critical, benefiting the company. However, he notes that the market already recognizes this, making the stock quite expensive in his opinion.

“The only problem is the market leader the the the market understands that and it is still in my opinion a quite expensive stock.” — ▶ 15:20

The YouTuber sold all his Cloudflare shares because he believes its valuation got ahead of itself. His reverse DCF analysis, assuming a 25% free cash flow margin, indicated the stock price implied a 33-34% annual growth rate over 10 years. This is significantly higher than the 27% growth rate analysts expect over the next few years, making the stock overvalued in his view.

“We're saying that Cloudflare had to grow at 33 basically 33 to 34% per year for 10 years with 25% free cash flow margins to justify that stock price.” — ▶ 12:50

The YouTuber is very bullish on Cloudflare, highlighting its strong fundamental growth, increasing customer base, and strategic advantages like its cloud-based model over hardware competitors. He notes the company's strong market dominance and global diversification. While acknowledging high volatility and dilution from convertible notes, he sees any significant dip, especially to $50, as a strong buying opportunity due to the company's long-term growth potential and management's smart financial strategies.

“Bei diesen 50 US-Dollar werde ich meinen letzten Esel aus dem Keller verkaufen und hier in Cloudfware reinbuttern, weil what the also das wäre für diese Art Unternehmen schon einmalig, ne?” — ▶ 20:00

The YouTuber mentions having bought Cloudflare previously, and it has since risen significantly, with some followers having realized profits. He states he is still holding his position, implying a continued positive outlook for the stock.

“Und so habe ich zum Beispiel auch Cloudflare gekauft, einige hatten es nachgemacht und jetzt ist es auch deutlich gestiegen und einige haben schon die Gewinne realisiert, ich bin noch drin, mal gucken was daraus wird.” — ▶ 18:00