Zscaler Inc is a cybersecurity company that provides a cloud-based platform designed to secure internet traffic and protect organizations from cyber threats. By leveraging its innovative Zero Trust architecture, Zscaler enables secure access to applications and data for users, regardless of their location or device. Their solutions help enterprises enhance security and minimize risks associated with data breaches, while also simplifying network infrastructure. With a focus on digital transformation, Zscaler empowers businesses to adopt cloud technologies seamlessly while maintaining robust security controls.
Shares of cloud security platform Zscaler (NASDAQ:ZS)
fell 8.7% in the morning session after the company reported third-quarter (fiscal Q1'2025) earnings: What was less exciting was that the company gave revenue and adjusted operating profit for the next quarter that was only in line with expectations. It seems that for a high-multiple stock that's up nearly 15% in the last month (prior to the release of quarterly earnings), expectations were for more convincing guidance. Also, CFO Remo Canessa announced his retirement, a development that always adds more uncertainty to guidance.
Cloud security platform Zscaler (NASDAQ:ZS) beat Wall Street’s revenue expectations in Q3 CY2024, with sales up 26.4% year on year to $628 million. The company expects next quarter’s revenue to be around $634 million, close to analysts’ estimates. Its non-GAAP profit of $0.77 per share was 22.7% above analysts’ consensus estimates.
Shares of cloud-native cybersecurity company Zscaler Inc (NASDAQ:ZS) are trading lower Tuesday on the heels of the company's first-quarter financial results. Here's a look at everything you need to know.
Zscaler reported first-quarter revenue of $628 million, beating the consensus estimate of $606.19 million. The cybersecurity company reported adjusted earnings of 77 cents per share, beating analyst estimates of 63 cents per share, according to Benzinga Pro.
SAN JOSE, Calif., Nov. 29, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that the company is scheduled to present at upcoming investor conferences. Details for each event are as follows:
Zscaler (ZS) to report Q1 earnings with expected EPS of $0.63 and revenue of $606.20 million. Stock shows bullish trend and positive analyst ratings with average price target of $219.85.
Zscaler currently trades at $206.71 and has been a dream stock for shareholders. It’s returned 355% since November 2019, blowing past the S&P 500’s 90.5% gain. The company has also beaten the index over the past six months as its stock price is up 16.8%.