Zscaler Q4 Earnings: Scaling Back (Rating Downgrade)
Zscaler's stock dropped 15% after hours due to its projected 10th consecutive quarter of revenue growth deceleration, now priced at 46x forward non-GAAP operating profits. Despite a rock-solid balance sheet and strong medium-term growth prospects, Zscaler's slowing growth and competitive pressures raise concerns. Zscaler's fiscal Q1 2025 will likely show lower profit margins, contradicting expectations for higher profitability as the company scales.
Watch These Zscaler Price Levels as Stock Plunges After Profit Outlook Disappoints
Shares in Zscaler (ZS) plunged in extended trading Tuesday after the provider of cloud-based cybersecurity services issued current quarter and full-year earnings guidance that came in significantly below Wall Street expectations, as enterprise customers manage technology budgets and spending more carefully against a backdrop of economic uncertainty.
Zscaler, Inc. (ZS) Q4 2024 Earnings Call Transcript
Zscaler, Inc. (NASDAQ:ZS ) Q4 2024 Earnings Conference Call September 3, 2024 4:30 PM ET Company Participants Ashwin Kesireddy - Vice President, Investor Relations and Strategic Finance Jay Chaudhry - Chairman and Chief Executive Officer Remo Canessa - Chief Financial Officer Conference Call Participants Saket Kalia - Barclays Brad Zelnick - Deutsche Bank Roger Boyd - UBS Joseph Gallo - Jefferies Ittai Kidron - Oppenheimer Brian Essex - JPMorgan Matt Hedberg - RBC Capital Markets Shrenik Kothari - Baird Patrick Colville - Scotiabank Adam Borg - Stifel Hamza Fodderwala - Morgan Stanley Operator Good day, everyone, and thank you for standing by. Welcome to Zscaler Fourth Quarter 2024 Earnings Call.
Zscaler (ZS) Q4 Earnings and Revenues Surpass Estimates
Zscaler (ZS) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.69 per share. This compares to earnings of $0.64 per share a year ago.
Zscaler forecasts annual results below estimates on weak cybersecurity spending
Zscaler forecast fiscal 2025 revenue and profit below Wall Street estimates on Tuesday, as it grapples with weak spending on its cybersecurity products, sending its shares down more than 12% in extended trading.
Zscaler's stock drops after big whiff on profit outlook outweighs earnings beat
The cybersecurity company edged the consensus view with its revenue forecast for the current quarter.
Zscaler Earnings Beat. Guidance Disappoints Amid Big Changes In Sales Organization.
Zscaler stock fell after the cybersecurity firm reported fiscal Q4 earnings that beat estimates while guidance underwhelmed investors.
Zscaler Gears Up For Q4 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Zscaler, Inc. ZS is set to release earnings results for its fourth quarter, after the closing bell on Tuesday, Sept. 3.
Zscaler's Stock Signaling Strong Bullish Trend Ahead Of Q4 Earnings - Is The Bull Run Sustainable?
Zscaler Inc ZS will be reporting its fourth-quarter earnings on Tuesday. Wall Street expects 69 cents in EPS and $567.93 in revenues as the company reports after market hours.
Should You Buy, Sell or Hold Zscaler Stock Before Q4 Earnings?
ZS' Q4 performance is likely to have benefited from the growing demand for security and networking products.
Zscaler: Rating Downgrade As Market Optimism Peaks
I am downgrading Zscaler to "Hold" due to potential near-term headwinds and cooling sentiment around growth stocks, despite strong long-term fundamentals. Zscaler's recent earnings showed impressive revenue growth, improved operating margins, and strong free cash flow, but seasonality and market sentiment pose risks. Upcoming earnings on September 3 are expected to show continued growth, but investor focus will also be on management's forward-looking comments and partnerships.
Stocks to watch: Zscaler, DocuSign, GitLab, HPE, Uipath
US stocks remained in the spotlight this week as some of the most popular companies like Nvidia, Nutanix, Li Auto, and Affirm published their earnings. Nvidia stock price retreated after its results while Affirm, a leading buy now pay later (BNPL) company, published strong numbers.
