Cloudflare Expands Its Web Portfolio: What Should Investors Do?

Cloudflare (NET) shares have plunged 13.6% in the past six months against the S&P 500 index's return of 9.3%. NET shares have also underperformed both the Zacks Internet Software Industry and the Zacks Computer and Technology Sector's return of 2.8% and 10%, respectively. NET's underperformance can be attributed to investors' concerns about near-term prospects amid the company's decelerating sales growth. Softening IT spending amid ongoing macroeconomic uncertainties is hurting Cloudflare's top-line growth. ...