Internet stocks with strong earnings continue to fare better than the other sectors. The fact that they are unaffected by the overall impact of low oil prices is a major reason for this.

The sector as a whole is relatively strong, but this article will look specifically at Internet Software. The definition of software has undergone a sea change in recent times with the advent of cloud computing. So whereas earlier we would be talking about different software enabling functions, we are now mainly putting those functions in the perspective of where they stand with respect to cloud adoption and deployment.

For now, let us take a look at some Internet software stocks that are currently rated Buy by Zacks.Also, these stocks have crushed the earnings estimates quarter after quarter.

[Zacks Ranks are as follows: Zacks Rank #1 (Strong Buy), Zacks Rank #2 (Buy), Zacks Rank #3 (Hold), Zacks Rank #4 (Sell) and Zacks Rank #5 (Strong Sell)].

7 Internet Software Stocks with Great Charts

Marketo, Inc.

Marketo Inc. provides digital marketing software and solutions. Its cloud-based software platform helps companies engage their customers using marketing automation tools.

The company has a market cap of $1.56 billion, and its sales are projected to grow 30% this year.  Revenues have been growing by a massive clip each year since 2011. Two analysts have revised their quarterly earnings estimate upward over the last 60 days. No analyst has posted any negative earnings per share (EPS) estimate revision over that same time frame.

The company’s average beat for the trailing seven quarters is 15.24%. The current growth estimate for this year calls for EPS growth of 30.33%. Furthermore, the long-term growth rate is currently an impressive 20.9%.

Zacks Rank #2

Last EPS Surprise 8.89%

MARKETO INC Price and EPS Surprise

MARKETO INC Price and EPS Surprise | MARKETO INC Quote

Paylocity Holding Corporation (PCTY Quick QuotePCTY - Free Report)

Paylocity offers cloud-based payroll and HR solutions to SMBs in the U.S. Some functions that its software take care of are payroll processing and administration; employee information management; regulatory compliance and reporting included under the Affordable Care Act,social media for peer-to-peer collaboration and recognition, and performance appraisal.

The company has beaten estimates in the last seven quarters by an average of 78.95%.The current growth estimate for this year calls for EPS growth of 48.80%. The long-term growth rate is currently an impressive 20.0%.

Zacks Rank #1

Last EPS Surprise 116.67%

Paycom Software, Inc. (PAYC Quick QuotePAYC - Free Report)

Paycom Software, Inc. is a provider of a cloud-based human capital management software solution delivered as Software-as-a-Service. It provides functionality and data analytics that businesses need to manage the complete employment life cycle from recruitment to retirement.

The company has beaten estimates in each of the last seven quarters by an average of 37.02%.The current growth estimate for this year calls for EPS growth of 43.30%. The long-term growth rate is currently a solid 37.2%.

Zacks Rank #2

Last EPS Surprise 55.00%

PAYCOM SOFTWARE Price and EPS Surprise

PAYCOM SOFTWARE Price and EPS Surprise | PAYCOM SOFTWARE Quote

Rocket Fuel Inc.

Rocket Fuel operates in the U.S., Canada, the UK, Australia, France, Germany, Italy, Spain and Sweden.

It offers AI-driven digital advertising solutions (including direct response) through its big-data-driven real-time optimization engine. It also has computational infrastructure facilitating the purchase and delivery of highly automated, digital advertising campaigns. Additionally, its data management platform allows marketers to accept, analyze, segment and export their own and third-party audience data for advertising, customer relationship management, email marketing, call-center routing, or exploit other opportunities.

The company surpassed estimates in six of the last seven quarters, with an average earnings beat of 30.81%.

Zacks Rank #2

Last EPS Surprise 45.07%

Workiva Inc. (WK Quick QuoteWK - Free Report)

Workiva offers a cloud-based mobile-enabled platform for enterprises to collect, manage, report and analyze critical business data in real time. The exponential increase in the amount of data, complexity of data formats and the need to scale resources at regular intervals have compelled several companies to turn to cloud computing vendors.

The company has beaten estimates in each of the six quarters by an average of 30.81%. The current growth estimate for this year calls for EPS growth of 24.01%.

Zacks Rank #2

Last EPS Surprise 14.59%

Castlight Health, Inc. (CSLT Quick QuoteCSLT - Free Report)

Castlight Health operates as a provider of cloud-based software. It enables enterprises to gain control over their rapidly escalating health care costs.

The company has beaten estimates in six of the seven quarters, with an average earnings beat of 7.26%. The current growth estimate for this year calls for EPS growth of 33.16%. Furthermore, the current long-term growth rate of 30%suggestspretty good prospects for the long haul.

Zacks Rank #2

Last EPS Surprise 9.52%

Castlight Health Price and EPS Surprise

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