Cloudflare (NET) closed at $221.32, down 1.48% from the previous day, lagging behind the S&P 500, while the Nasdaq saw an increase. The company’s shares have risen by 14.98% in the last month, outperforming the sector and S&P 500.

Cloudflare’s upcoming earnings report projects an EPS of $0.23, a 15% increase from the previous year. Revenue is estimated to reach $544.06 million, up by 26.5%. Analysts anticipate full-year earnings of $0.84 per share and revenue of $2.11 billion, showing positive growth.

Cloudflare is currently a Zacks Rank #3 (Hold) stock with a Forward P/E ratio of 267.92 and a PEG ratio of 11.16. The Internet – Software industry, where Cloudflare operates, has an average PEG ratio of 2.25 and a Zacks Industry Rank of 68, placing it in the top 28%.

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Read more at Nasdaq: Cloudflare (NET) Falls More Steeply Than Broader Market: What Investors Need to Know