Internet security and content delivery network Cloudflare (NYSE: NET) will be reporting results this Thursday after market close. Here’s what you need to know.

Cloudflare beat analysts’ revenue expectations by 2.1% last quarter, reporting revenues of $479.1 million, up 26.5% year on year. It was a mixed quarter for the company, with a solid beat of analysts’ billings estimates but EPS guidance for next quarter missing analysts’ expectations significantly.

Is Cloudflare a buy or sell going into earnings? Read our full analysis here, it’s free.

This quarter, analysts are expecting Cloudflare’s revenue to grow 24.9% year on year to $501 million, slowing from the 30% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.18 per share.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Cloudflare has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 1.6% on average.

Looking at Cloudflare’s peers in the software development segment, only Bandwidth has reported results so far. It beat analysts’ revenue estimates by 0.6%, delivering year-on-year sales growth of 3.7%.

There has been positive sentiment among investors in the software development segment, with share prices up 2.4% on average over the last month. Cloudflare is up 1.5% during the same time and is heading into earnings with an average analyst price target of $176.59 (compared to the current share price of $198.70).

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