Price Data
| Metric |
Value |
Change from 02/04 |
| Current Price |
$173.18 |
+$6.30 (+3.8%) |
| RSI |
48.0 |
Was 40 (improving) |
| SMA20 |
$179.65 |
Price 3.6% below SMA |
| 30D Change |
~-10% |
Improved from -15.6% |
| 52-Week High |
$260.00 |
-33.4% from highs |
Update from 02/04: Price recovering, RSI improved from 40 to 48. Approaching SMA20 at $179.65 - this is the next resistance. Stop-loss at $162 still intact (6.9% distance per actions file).
Company Overview
| Question |
Answer |
| What they sell |
CDN, DDoS protection, Zero Trust security, Workers edge compute, R2 storage |
| Who pays |
Enterprises (73%), SMBs, developers |
| Revenue model |
Subscription (usage-based for edge compute) |
| Market share |
~10% CDN, growing in edge compute |
| Moat |
Narrow, widening (network effects, switching costs, 320+ data centers) |
Key Metrics
| Metric |
Value |
Trend |
| Revenue |
$2.14B (FY25E) |
📈 |
| Revenue Growth YoY |
31% |
Stable |
| Gross Margin |
79% |
📈 |
| NRR/NDR |
119% |
Strong |
| Recurring Revenue |
~95% |
Excellent |
Financials & Leading Indicators
| Indicator |
Value |
Signal |
| Revenue Acceleration |
+2.76% |
🟢 Bullish |
| YoY Growth |
+30.7% |
🟢 Strong |
| Earnings Beat Rate |
75% |
🟢 |
| Insider Trading |
-$710M net |
🔴 Bearish |
| Composite |
0.2 |
🟡 Neutral |
Bull Case
| Factor |
Evidence |
| Edge Computing Leadership |
$130M Workers contract, 5-year deal |
| AI Infrastructure Play |
Inference at the edge, Clawdbot AI agent |
| Zero Trust Momentum |
$12.7M 7-year critical infrastructure deal |
| Profitable Growth |
30%+ growth, FCF positive, operating leverage |
| R2 Disruption |
Zero egress fees disrupting AWS S3 |
Bear Case
| Factor |
Evidence |
| Extreme Valuation |
44x P/S (sector avg ~8x) |
| Hyperscaler Competition |
AWS/Azure bundling CDN |
| Insider Selling |
-$710M net, founders selling |
| SBC Dilution |
~25% of revenue in stock comp |
| Growth Deceleration Risk |
30% could become 20% |
Stop-Loss Status
| Entry |
Stop |
Current |
Distance |
Status |
| $191.11 |
$162.00 |
$173.18 |
6.9% above |
🟡 Watch |
Research Log
| Date |
Update |
| 2026-02-04 |
Created comprehensive deep dive. RSI 40, $166.88. |
| 2026-02-09 |
Refreshed. Price recovered to $173.18 (RSI 48). Approaching SMA20 $179.65. Stop at $162 safe. |
The Gold
| Discovery |
Implication |
| RSI improved 40 to 48 |
Recovery underway, sentiment improving |
| Price nearing SMA20 ($179.65) |
Key resistance to watch |
| 119% NRR still strong |
Customers expanding, not churning |
| -$710M insider selling |
Ongoing concern, but at-scale co. |
| Earnings ~Feb 2026 |
Upcoming catalyst for direction |