Cloudflare Gains 12.6% YTD: How Should Investors Play the Stock?
Cloudflare(NET) ZACKS·2024-10-15 15:30
Cloudflare (NET) shares have gained 12.6% in the year-to-date (YTD) period. However, NET stock has underperformed the Zacks Internet Software industry, Zacks Computer and Technology sector and the S&P 500 index's return of 26.3%, 26.9% and 22.9%, respectively, YTD. Given this underperformance, investors are wondering whether this slow growth in stock price reflects underlying weaknesses, or is it a temporary stagnation that offers a buying opportunity. Sluggish Growth Hurts Cloudflare Stock's Performance NE ...