On June 9, Cloudflare declined 3.24% in regular trading, trading at $238.905/share, with trading volume of $105 million. The stock has been under sustained selling pressure following the company's acquisition of open-source software firm VoidZero.

Cloudflare announced the acquisition of VoidZero, a company founded by Vue.js creator Evan You, with financial terms undisclosed. The deal encompasses VoidZero's Vite build tool, Vitest test runner, Rust-based Rolldown bundler, and Oxc toolchain. VoidZero's team of open-source creators and Rust optimization specialists will join Cloudflare's Emerging Technology and Incubation unit, while the company committed $1 million to support independent community maintainers. Market participants remain cautious over undisclosed transaction terms and integration prospects, contributing to continued downside pressure since the announcement in early June.

Notably, Morgan Stanley recently raised its price target on Cloudflare to $305 from $245, maintaining an Overweight rating, though shares have continued to decline in the near term.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)