NET Stock: The Tech Selloff Has Created a Buy Opportunity in Cloudflare

NET Stock: The Tech Selloff Has Created a Buy Opportunity in Cloudflare

Cloudflare (NYSE:NET) shares were on a roll until being caught up in the tech stock selloff that began in February. NET stock closed at an all-time high of $93.46 on Feb. 9, rewarding investors with growth of around 425% over the previous 12 months. Then it began to slump, dropping as low as $61.77 to start the week. NET has been in recovery mode for two sessions now, but still remains well below that February high. This offers the opportunity to scoop up NET shares at a discount.

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