10 High Growth Cybersecurity Stocks To Buy

6. Cloudflare Inc. (NYSE:NET)

Number of Hedge Fund Holders: 55

Cloudflare Inc. (NYSE:NET) is a global connectivity cloud company that provides a wide range of cloud services to businesses of all sizes. It offers an integrated suite of solutions, including security products like Web Application Firewall and Bot Management, as well as performance tools such as Content Delivery and Intelligent Routing. NET is among the best high growth stocks.

In recent months, Cloudflare Inc. (NYSE:NET) has been actively enhancing its services and addressing security concerns. In February 2025, the company introduced a feature that integrates Adobe’s Content Credentials system, enabling users to verify the authenticity and history of online images. Additionally, the company promptly addressed a vulnerability in its Mutual TLS implementation, ensuring the security of client-server connections. This reinforces the company’s commitment to cybersecurity.

Cloudflare Inc. (NYSE:NET) reported strong fourth-quarter 2024 financial results, with revenue reaching $459.9 million, up 27% year-over-year. The company improved operational efficiency, narrowing its GAAP net loss to $12.8 million from $27.9 million in Q4 2023, while non-GAAP net income rose to $68.8 million from $53.5 million. Operating cash flow surged to $127.3 million, a significant jump from $85.4 million in the prior year’s quarter, though free cash flow declined slightly to $47.8 million from $50.7 million.

Currently, 55 hedge funds within the Insider Monkey Q4 2024 database hold a position in the company.