Internet security and content delivery network Cloudflare (NYSE:NET) will be reporting results tomorrow after market close. Here's what investors should know.

Last quarter Cloudflare reported revenues of $335.6 million, up 32.2% year on year, beating analyst revenue expectations by 1.5%. It was a weaker quarter for the company, with underwhelming revenue guidance for the next quarter.

Is Cloudflare buy or sell heading into the earnings? Read our full analysis here, it's free.

This quarter analysts are expecting Cloudflare's revenue to grow 28.5% year on year to $353 million, slowing down from the 41.9% year-over-year increase in revenue the company had recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.12 per share.

Majority of analysts covering the company have reconfirmed their estimates over the last thirty days, suggesting they are expecting the business to stay the course heading into the earnings. The company only missed Wall St's revenue estimates once over the last two years, and has on average exceeded top line expectations by 1.9%.

Looking at Cloudflare's peers in the software development segment, only F5 has so far reported results, with revenues decreasing 1.1% year on year, and beating analyst estimates by 1.1%. The stock traded up 10.6% on the results.

There has been positive sentiment among investors in the software development segment, with the stocks up on average 4.1% over the last month. Cloudflare is up 0.6% during the same time, and is heading into the earnings with analyst price target of $76.5, compared to share price of $82.1.

One way to find opportunities in the market is to watch for generational shifts in the economy. Almost every company is slowly finding itself becoming a technology company and facing cybersecurity risks and as a result, the demand for cloud-native cybersecurity is skyrocketing. This company is leading a massive technological shift in the industry and with revenue growth of 70% year on year and best-in-class SaaS metrics it should definitely be on your radar.

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The author has no position in any of the stocks mentioned.