$17.12
107.3% vs S&P 12m
Business overview
Edge platform competing with Cloudflare; smaller scale and weaker AI story.
Watchlist only — AI thesis far weaker than NET; turnaround narrative ongoing.
Composite score
Higher = stronger overall research case
Fundamental57
Technical69
Valuation74
AI relevance28
Risk-adjusted (higher = safer)41
Segment-relative fundamental percentile: 38
Synthetic 1Y price action
Deterministic price series; 50d (yellow) and 200d (orange) MAs shown
3M RS: -13.6%6M RS: 52.9%12M RS: 107.3%Vol30d: 188%DD52w: -48.9%
Financial summary
Curated, illustrative
Revenue
$652.56M
Growth (YoY)
19.8%
Gross margin
59.4%
Operating margin
-13.8%
FCF
$116.78M
Capex
$0.00
Net cash / (debt)
$-67.26M
ROIC
-4.4%
Customer conc.
Medium
Valuation
Market cap
$2.68B
Enterprise value
$2.75B
P/E (TTM)
—
Forward P/E
43.4x
EV / Sales
4.2x
EV / EBITDA
25.0x
P / FCF
22.9x
PEG
—
Rule of 40
—
Risks
Severity 1 (low) to 5 (severe)
- 4Losses ongoing
Score components
What drove the composite
Growth69
Profitability22
Cash generation68
Balance sheet76
Moat / AI relevance35
Capital intensity (higher = lighter)83
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)71
Momentum (3/6/12m)65
Relative strength100
Realized vol (higher = lower vol)20
Segment peers
Other companies in AI infra SW