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.

Cloudflare (NET) Acquires The Astro Technology Company

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 to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than NET and that has 100x upside potential, check out our report about this cheapest AI stock.

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