Watching out for NET's upcoming earnings report? Some things we're thinking about:

Cloudflare Inc Cl A (NET) is going to report earnings on August 04. Here's a few things you should know about before the report drops.

Analysts forecasts have Cloudflare reporting an EPS (earnings per share) of -$0.01, EPS GAAP Estimate -$0.13, and Revenue Estimate

$227.36M on Thursday.

NET bulls will be waiting to hear two things. The first is that the reported EPS beat the estimates of analysts. The stock will move on that news. The second is that the report outlines a positive growth story for the stock in the coming quarters.

On the other side of the fence, NET bears will be looking for the opposite. They want the EPS to underperform analysts' expectations and to be strong a signal of the company's decline in coming quarters.

Regardless of which side of the fence you're on, it's important to note that sometimes the company's earnings report plays less of a role in moving the price than the analysts' estimates. This is because the company's earnings report is a snapshot of the company's performance, and the analysts' estimates are a consensus projection of the company's future.

Share price moves can have an impact on existing shareholder sentiment. As of July 27 shares of NET are trading at $45.68. Over the last 52-week period, the price is down -79.39%.