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NETBULLISHCore thesis · 5/5

Cloudflare's multi-act growth strategy

The bull case for Cloudflare is built on its three-act strategy: a dominant network infrastructure business (Act 1) funding expansion into cybersecurity (Act 2) and developer/AI inference services (Act 3), creating multiple, durable growth levers.

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NET: Cloudflare's multi-act growth strategy · Zortix