What is the market for cloudflare? Do you think every company who has a website will use some of their products? Understanding TAM...
Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
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Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#52Down 6% after hours, for reasons that I don't understand. Personally, I'm more-sure that Cloudflare will be around in 25 years than I am that Facebook will be around in 25 years. Their customers are real-valuable customers paying for a real-valuable service, and that's not going away anytime soon. Meanwhile, their serverless stuff is very cool and unique. I think their durable objects are going to go mainstream somed…
Worth $28B and only have revenues of $450M a year, that should explain, this compagny is overevaluated.
I could see Cloudflare grow at least another 4X in the next 4-5 years without any other product. That put it at ~2B Revenue.
That isn't too bad. And considering they are still innovating and working on products that directly competes with AWS and EC2, all of a sudden $28B valuation isn't so crazy. AWS is $40B revenue alone and still growing 33% YoY. The whole Cloud industry still have room to grow with no ceiling in sight.
While the whole stock market is definitely bubbling at the moment. I wouldn't say Cloudflare is overvalued on its growth factor.
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#53Down 6% after hours, for reasons that I don't understand. Personally, I'm more-sure that Cloudflare will be around in 25 years than I am that Facebook will be around in 25 years. Their customers are real-valuable customers paying for a real-valuable service, and that's not going away anytime soon. Meanwhile, their serverless stuff is very cool and unique. I think their durable objects are going to go mainstream somed…
> Down 6% after hours, for reasons that I don't understand.
A stock doesn't go up or down based on whether it does well or poorly, it does so based on how it performs relative to the expectations that were already priced into it. If it does well, but not as well as the market was expecting, then it will still go down.
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#54Down 6% after hours, for reasons that I don't understand. Personally, I'm more-sure that Cloudflare will be around in 25 years than I am that Facebook will be around in 25 years. Their customers are real-valuable customers paying for a real-valuable service, and that's not going away anytime soon. Meanwhile, their serverless stuff is very cool and unique. I think their durable objects are going to go mainstream somed…
Does Cloudflare have any defensible moat? If Google or Microsoft decided to muscle Cloudflare out of business tomorrow, what’s to stop them? In comparison, we already know that Google can’t take out Facebook.
The major Cloudflare products (namely the CDN, WAF, DDoS protection, DNS management, and even serverless workers) are already replicated in AWS, GCP, and Azure. AFAIK the main thing that draws people to Cloudflare instead is "it's easier to use than bloated AWS/etc." And while that might be a completely valid value proposition, I'm not sure if it's a long term winner, especially as more and more companies migrate to the big 3 cloud providers.
It reminds me a lot of Dropbox and the situation where for years Dropbox's value proposition was "yea OneDrive and iCloud provide the same service, but people like Dropbox because it is independent, unbloated, and simpler to use". But over time that's become less true, and as more and more companies move to using O365, they end up getting OneDrive as part of the deal anyway. And once you're already working in an environment with OneDrive, why continue using Dropbox?
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#55My issue with Cloudflare is, that they don't do any content checks.
I remember a friend of a friend who knows someone who participated in various Anonymous missions, that CloudFlare is protecting islamic terrorist forums, and recently I learned fom another friend of a friend that they are also protecting QAnon's and Trump's online forum where rrcent insurrection was allegedly planned and coordinated.
There's tons if alternatives for those who don't want to do business with such a company.
E.g.: https://www.g2.com/products/cloudflare/competitors/alternati...
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#56Earlier quoted context omitted.
I don’t get why people still say FAANG, even. Netflix is doing great and has some great tech, but these days it seems like they’re way more of a TV megastudio with a really great engineering dept than a tech giant like Apple, Amazon, Facebook and Google. Sure, they’re no slouches, but it feels like any acronym that includes Netflix needs to also include Microsoft for sure. In fact, by the time you get to Netflix I fe…
I'm fond of "MAGA" for "Microsoft, Apple, Google, Amazon". That's the 4 largest tech companies on the market, and they're the ones really making America great again.
that is quite the synchronicity.
that rebrand may be daunting but i support it.
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#57Down 6% after hours, for reasons that I don't understand. Personally, I'm more-sure that Cloudflare will be around in 25 years than I am that Facebook will be around in 25 years. Their customers are real-valuable customers paying for a real-valuable service, and that's not going away anytime soon. Meanwhile, their serverless stuff is very cool and unique. I think their durable objects are going to go mainstream somed…
The valuation is based on hyper-aggressive growth expectations that compound over time. If you shave even a few percent off the growth projections stock takes a hit. It’s hard to switch your CDN provider in the short term, but it’s feasible that Amazon, MSFT or Google could bump them out of every large enterprise in the long term.
> It’s hard to switch your CDN provider in the short term, but it’s feasible that Amazon, MSFT or Google could bump them out of every large enterprise in the long term.
That's what I'd worry about, too: for a large company, there's a fairly large cost to dealing with each new vendor. Once Amazon, Microsoft, Google, etc. has a CDN which is competitive for your needs someone is going to ask whether the extra benefits are greater than the cost of managing a contract, security, training, etc.
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#58My issue with Cloudflare is, that they don't do any content checks. I remember a friend of a friend who knows someone who participated in various Anonymous missions, that CloudFlare is protecting islamic terrorist forums, and recently I learned fom another friend of a friend that they are also protecting QAnon's and Trump's online forum where rrcent insurrection was allegedly planned and coordinated. There's tons if…
That sounds to me like a good thing. I don't want to trust a company with my critical infrastructure if they have a habit of moderating their customers' content.
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#59My issue with Cloudflare is, that they don't do any content checks. I remember a friend of a friend who knows someone who participated in various Anonymous missions, that CloudFlare is protecting islamic terrorist forums, and recently I learned fom another friend of a friend that they are also protecting QAnon's and Trump's online forum where rrcent insurrection was allegedly planned and coordinated. There's tons if…
Genuine question. If you found out that your water utility was servicing an Islamist group’s house, would you cancel your service because you don’t want to do business with them?
Re: Cloudflare Announces Fourth Quarter and Fiscal Year 2020 Financial Results
#60Down 6% after hours, for reasons that I don't understand. Personally, I'm more-sure that Cloudflare will be around in 25 years than I am that Facebook will be around in 25 years. Their customers are real-valuable customers paying for a real-valuable service, and that's not going away anytime soon. Meanwhile, their serverless stuff is very cool and unique. I think their durable objects are going to go mainstream somed…
> Down 6% after hours, for reasons that I don't understand. A stock doesn't go up or down based on whether it does well or poorly, it does so based on how it performs relative to the expectations that were already priced into it. If it does well, but not as well as the market was expecting, then it will still go down.
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