#NET

Cloudflare (NET) was crushing it, then suddenly announced it would lay off 1 in 5 employees (1,100 people), and crashed -24%. Is it really doomed? What does the company actually do? A beginner-friendly walkthrough.

Cloudflare (NET) beat revenue +34% YoY yet crashed -24.3% in a single session. We decompose the 1,100 layoff, GM compression, and four contradictions, and lay out our 12M PT $225.