Zscaler, Inc. ZS will release earnings results for its first quarter, after the closing bell on Monday, Dec. 2.
Zscaler Inc ZS will be reporting its first-quarter earnings on Monday. Wall Street expects 63 cents in EPS and $606.20 million in revenues as the company reports after market hours.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
JPMorgan analyst Brian Essex raised the firm's price target on Zscaler to $240 from $220 and keeps an Overweight rating on the shares ahead of the company's earnings report due next week. Investor expectations have been mixed, but the firm thinks initial guidance was "conservative," the bar for Q1 billings growth is "low," demand remains healthy, and billings are set up well to accelerate, all of which makes the setup through the remainder of its fiscal year "compelling," the analyst tells investors in a preview. The firm's raised target reflects higher peer multiples and expectations of acceleration through FY25, the analyst noted.
Zscaler Inc (NASDAQ:ZS) is scheduled to report fiscal first-quarter results after the close on Monday, Dec. 2.
ZS' Q1 results are expected to reflect the robust demand for its security and networking solutions, given the continuous growth in the global security space.
Zscaler (ZS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Get a deeper insight into the potential performance of Zscaler (ZS) for the quarter ended October 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The latest trading day saw Zscaler (ZS) settling at $210.42, representing a -0.26% change from its previous close.
In the most recent trading session, Zscaler (ZS) closed at $202.85, indicating a +0.68% shift from the previous trading day.
Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%.
Zscaler's robust cash reserves and competitive moat ensure resilience despite expected net losses, reflecting strong platform reliance and substantial revenue growth. Smart cost management through employee stock options shifts the economic burden to equity investors, impacting book value but preserving cash flow. The cybersecurity market's competitive landscape emphasizes platform switching costs, with Zscaler's 48% 5-year revenue CAGR indicating strong customer retention.