Why Is Cloudflare $NET Stock Down -5.73% Today? (Find out why any stock moved today on Tickeron.) • $NET shares fell roughly 5.73% on Thursday, extending a sharp pullback from the stock's recent 52-week high. • The primary catalyst was a broader sell-off in enterprise software, triggered by concerns that AI-driven automation is eroding traditional per-seat revenue models. • Profit-taking and elevated valuation worries compounded the decline after Cloudflare's extended, multi-month rally. • Rising Treasury yields and a risk-off tone across high-multiple technology names added pressure to the sector. • Traders are watching whether the stock can hold key technical support and how the AI-disruption narrative develops in the software group. $CRWD $ZS $PANW $MDB $OKTA $RBRK $CRWV