$NET great company but trading at 172x multipleCloudflare Inc Class ABATS:NETbigbull037- Great company but valuation has stretched a lot to the upside with multiple re-rating higher which leaves less surprises for the upside and more to the downside. - NET makes around 3B in revenue and market cap is around 100 bil. It looks way crowded and priced for perfection. - fair value well under $126 even with 100x multiple. Either NET digests its multiple or re-rates lower is yet to be seen!