Hedgeye CEO Keith McCullough is adding Cloudflare (NET) to the long side of Investing Ideas. Below is a brief note.
Some people really don't like to buy Tech exposure the way I do (i.e. on sale).
That's totally cool with me. I just asked Technology analyst Ami Joseph if people should buy Cloudfare (NET) down -8% into the close...
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A: NET re-accelerated in our data and that translated to a re-accelerated 2Q with 3Q guidance. The next signal will be about 4Q-1Q21 which we will keep doing with our HT3 to make sure we capture but there is no change to our thoughts that NET is in a winning position with a winning business model. |
Thank you, Sir Ami.
KM
