Cloudflare (NET)

They own it in a separately manged account, not their main portfolios. It is somewhat expensive along with some volatility so he is selling some calls. There is competition with website security and other software companies have built pipes eg. Datadog. Their price target is $275 which is its recent peak.

Favourite cybersecurity play, as it operates on several fronts. Protects the entire internet; it'll benefit from change as robots become the main users. New channel is helping websites monetize their content. Main business is on the Zero Trust side. Also acts as a platform for developers to develop new AI businesses. No dividend.

The market considered their quarter weak, but he thought it was fine. Layoffs will make the company more efficient, but the CEO do it in a brutal way. Can buy this now.

AI could disrupt Cloudflare. You need their services to operate the internet's back-end. More AI means more data. But AI is disrupting it. He sold it.

Is down a lot from its high, but is run very well. He's not worried about its quarters. Buy a tranche now, and more if it falls later. Yes, the chart is ugly.

Will benefit from AI. Is the first ISP to block AI crawlers from accessing content without permission. They reported excellent numbers last week.

Intricate plumbing infrastructure behind the scenes that makes the internet work. Pushing more toward the edge as well as AI. Sort of a traffic cop for data so that small companies can monetize their data without it being scooped up by AI. Massive, exciting AI play. No dividend.

Software, has done extremely well. 12-month price target of $232.

NET is certainly not cheap at 235 P/E (forward earnings) after a 75% gain this year. But it is debt-free with $500M cash, and transitioning from losses to high profits. In 2022 it lost $190M and next year is supposed to make $390M. There has been a big fundamental shift here. It has 20 BUYS, 13 HOLDS and 3 SELLS, with an average target price $167 (lower than market now). Short interest is only 3.7% so those that do not like it are not really 'betting' too much on a decline by shorting the stock. It is well-positioned within the sector and revenue is expected to rise at least 25% in the second quarter. Its valuation is the main risk but business is very good and we would see it more as a HOLD than a SELL today. 
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Soared last month after a great quarter, but has fallen hard since. Q4 net cash flow beat estimates. Likes this company and the cybersecurity space.

Up 19% in a week. Is breaking out. AI data is driving 27% revenue growth and 29% profits this quarter. They're in the sweet spot.

A great CEO, and the company knows a lot about video streaming. Likes it. The high PE doesn't bother him.

On their 14th birthday, the cloud connectivity company announced new products, including AI Audit which allows users to be compensated when their content gets used to train gen-AI models, a big problem.

Shares pulled back despite reporting a beat earlier this month, but a disappointing forecast.  Worth a look, though.

They have their investor day Thursday. It's been down since the last quarter. But he likes it and sees a comeback. Will depend on how well CEO performs on Thursday.