Cloudflare saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 94 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. Winning stocks often have a 95 or higher grade in the early stages of a new price run, so that's an important benchmark to look for when looking for the best stocks to buy and watch.
Cloudflare is now out of buy range after breaking out from a 96.30 entry in a cup with handle.
The stock earns a 97 EPS Rating, meaning its recent quarterly and annual earnings growth tops 97% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 0% rise in earnings for Q1. Revenue was flat, matching the prior quarter's 27%. The company's next quarterly report is expected on or around May. 8.
Cloudflare earns the No. 5 rank among its peers in the Computer Software-Enterprise industry group. Palantir Technologies is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
