Jim Cramer Highlighted Buying Opportunities in 13 Stocks

11. Cloudflare, Inc. (NYSE:NET)

Number of Hedge Fund Holders: 44

Cloudflare, Inc. (NYSE:NET) provides cloud-based services that focus on security, performance, and connectivity, offering solutions like integrated security, network products, and edge computing services with AI accelerators for developers. Cramer stated, “CloudFlare and Palo Alto Networks, they’re comeback kids too, every time.”

In November 2024, discussing Cloudflare (NYSE:NET) before it released its earnings report, Cramer remarked, “This is a network security play we’ve had on quite a bit. I think it’s got a great setup.”

Parnassus Investments stated the following regarding Cloudflare, Inc. (NYSE:NET) in its Q3 2024 investor letter:

“In Software, we added Autodesk and Cloudflare, Inc. (NYSE:NET) while exiting Bill.com. Cloudflare has built its own internet network, providing its customers with lower latency and better security. Cloudflare allows companies to access the internet faster and with greater security. The company is building new offerings on top of its network, allowing it to widen its competitive moat with high incremental margins. Cloudflare has a large addressable market that we believe provides a long runway for growth.”