Surging Earnings Estimates Signal Upside for Cloudflare (NET) Stock

Core Viewpoint - Investors are encouraged to consider Cloudflare (NET) due to solid improvements in earnings estimates and positive short-term price momentum, which may continue as the earnings outlook improves [1][2]. Earnings Estimates - Analysts are increasingly optimistic about Cloudflare's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2]. - The current-quarter earnings estimate is $0.27 per share, reflecting a +42.1% change from the previous year, with a significant increase of 157.14% in the Zacks Consensus Estimate over the last 30 days due to six upward revisions [6]. - For the full year, the expected earnings are $0.90 per share, indicating a +20.0% change from the prior year, with eight estimates moving higher in the past month and no negative revisions [7]. Zacks Rank - Cloudflare has achieved a Zacks Rank 2 (Buy), supported by favorable estimate revisions, which is a reliable tool for investors to leverage earnings estimate changes for investment decisions [8]. - Stocks with Zacks Rank 1 (Strong Buy) and 2 (Buy) have historically outperformed the S&P 500 [8]. Stock Performance - Cloudflare shares have increased by 8.1% over the past four weeks, indicating investor confidence in the company's earnings growth prospects [9].