Cloudflare (NET) closed at $109.52 in the latest trading session, marking a +1.71% move from the prior day. This change outpaced the S&P 500's 0.82% gain on the day.Prior to today's trading, shares of the web security and content delivery company had gained 4.98% over the past month. This has outpaced the Computer and Technology sector's gain of 1.27% and the S&P 500's gain of 3.89% in that time.Investors will be hoping for strength from NET as it approaches its next earnings release, which is expected to be August 5, 2021. The company is expected to report EPS of -$0.04, down 33.33% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $146.22 million, up 46.63% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.11 per share and revenue of $612.16 million. These totals would mark changes of +8.33% and +42.01%, respectively, from last year.Any recent changes to analyst estimates for NET should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. NET currently has a Zacks Rank of #3 (Hold).The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 204, which puts it in the bottom 20% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow NET in the coming trading sessions, be sure to utilize Zacks.com. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cloudflare, Inc. (NET): Free Stock Analysis Report To read this article on Zacks.com click here.