Cloudflare is trading at $305.29, down 4.21%, as software-sector weakness weighs on shares. - No clear Cloudflare-specific catalyst surfaced; the move appears driven mainly by sector weakness. - Reuters reported software stocks fell after Fortinet and ServiceNow results disappointed investors, renewing concerns about AI disruption; related software and cybersecurity shares also declined. - The software ETF fell 4.26% during regular trading, consistent with pressure on Cloudflare.