Cloudflare is trading 8.1% down now at $245.00 as a Delaware judge’s approval of an appeal renews uncertainty over its planned stock restructuring.
- The appeal concerns a ruling that paused the restructuring over questions about the board’s good faith.
- AI- and data-center-related stocks face broader pressure amid investor worries about potential regulation after the U.S. midterm results.
- Cloudflare is scheduled to report Q3 results after the market close on November 5, an event investors may also be watching.