🔴 Cloudflare is trading 4.04% down in pre-market as inflation revives higher-rate concerns

Cloudflare is trading 4.04% down now at $311.24, in line with broader pressure on technology shares amid inflation-driven rate concerns. - It closed at $324.33 on October 14; that day’s decline also came amid inflation-driven market pressure. - Hotter-than-expected U.S. inflation revived concerns about higher rates, and global technology selling continued into Thursday’s pre-market session. No clear company-specific catalyst surfaced for October 15. - Cloudflare’s next quarterly results are scheduled for November 5, not today.