Jim Cramer on Cloudflare: “Look at the Longer-Term Direction Because It’s Pretty Fabulous”

Jim Cramer on Cloudflare: “Look at the Longer-Term Direction Because It’s Pretty Fabulous” Syeda Seirut Javed Fri, June 12, 2026 at 4:45 PM GMT+2 2 min read NET Cloudflare, Inc. (NYSE: NET ) was among the stocks Jim Cramer commented on, saying that tech stocks cannot be trusted to lead anymore . Cramer highlighted the stock’s erratic movement, as he commented: Well, it’s been a whirlwind few weeks for Cloudflare, the internet infrastructure play with a major cybersecurity business.

When the company reported in early May, the numbers were excellent. It was a textbook beat-and-raise quarter, but they also announced some big layoffs, amounting to roughly 20% of the workforce. It was done sadly, but they had to do it… Stock’s sold off hard, down over 27% in a three-day losing streak thereafter, the quarter.

Then it snapped right back. I would argue it should never have been down. By last week, Cloudflare was setting fresh all-time highs.

But with the tech-led sell-off that started last Friday, it’s now getting hit again, down almost 15% from its highs. This stuff is very hard to keep track of. Today, Cloudflare held a very successful investor day event here at the New York Stock Exchange… Don’t look at the ups and downs; look at the longer-term direction because it’s pretty fabulous.

A stock market graph. Photo by energepic. com Cloudflare, Inc.

(NYSE:NET) provides cloud-based security, performance, and networking solutions for businesses, including website protection, Zero Trust security, content delivery, and developer tools. While we acknowledge the potential of NET as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock .

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