5 Stocks to Invest In According to Stephen White’s SW Investment

Page 5 of 5

1. Cloudflare, Inc. (NYSE: NET)

White’s Stake Value: $58,212,000
Percentage of Stephen White’s 13F Portfolio: 22.26%
Number of Hedge Fund Holders: 43

Cloudflare, Inc. (NYSE: NET) is a cloud platform that provides a variety of network services to companies worldwide. The company was founded in 2009 and is placed first on the list of 10 stocks to invest in according to Stephen White’s SW Investment. Cloudflare, Inc. (NYSE: NET) shares have returned 201.30% to investors over the course of the past 12 months.

On August 5, Cloudflare, Inc. (NYSE: NET) posted earnings for the second quarter of 2021. It reported earnings per share of -$0.02, beating market predictions by $0.02. In addition, the revenue for the second quarter was over $152.4 million, up 52.8% YoY, beating the analysts’ expectations by $6.3 million.

Stephen White’s SW Investment holds 550,000 shares in Cloudflare, Inc. (NYSE: NET), worth over $58 million, representing 22.26% of their portfolio. In the second quarter of 2021, 43 hedge funds in the database of Insider Monkey held stakes worth $862.58 million in Cloudflare, Inc. (NYSE: NET), down from 45 the preceding quarter worth $792.47 million. 

Alger, in its second-quarter 2021 investor letter, mentioned Cloudflare, Inc. (NYSE: NET). Here is what the fund said:

Cloudflare provides a broad range of network services to businesses of all sizes across the world. Cloudflare’s intelligent global network spans more than 200 cities in over 100 countries. It offers network security, performance and reliability to a growing portion of global web traffic with over 17% of global internet requests going through Cloudflare. The company’s serverless network design allows this global network to be a key component layer as new developments for edge computing, 5G and the Internet of Things increase the importance of secure, reliable edge networks.…” (Click here to see the full text).

You can also take a peek at 10 Best Stocks to Buy According to Steven Baughman’s Divisar Capital and 8 Best Stocks to Buy According to Billionaire Nicholas J. Pritzker. 

Page 5 of 5