Cloudflare (NET) Acquires The Astro Technology Company

Cloudflare, Inc. (NYSE:NET) is one of the Best Quantum Computing Stocks to Buy for 2026. On January 16, the company announced that The Astro Technology Company team would join Cloudflare as a result of its acquisition. Notably, Astro is a popular JavaScript web framework used by renowned brands such as Unilever, Visa, and NBC News, as well as by several developers, to build fast, content-driven websites.

Astro would remain open source to ensure long-term growth and development of the project under Cloudflare, Inc. (NYSE:NET)’s stewardship.

On January 13, UBS reduced its price objective on Cloudflare, Inc. (NYSE:NET)’s stock to $210 from $245, while keeping a “Neutral” rating, as reported by The Fly. The analyst believes that, despite weakening sentiment into 2026, the broader cybersecurity sector remains attractive, and spending is expected to surpass overall IT growth.

Furthermore, the firm added that while stock selection might be challenging, the most compelling opportunities are expected to be among the mid-cap platform names that are in the early stages of formation.

Cloudflare, Inc. (NYSE:NET) operates as a cloud services provider. Its composable platform and network offer advanced PQC (post-quantum cryptography) capabilities, which enable companies to protect users, applications, and networks across all endpoints and infrastructure.

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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Disclosure: None. This article is originally published at Insider Monkey.