Manufacturing and Construction data came in favorable this morning, while ZS has beaten Q1 estimates but sells off late trading.
Zscaler (ZS) came out with quarterly earnings of $0.77 per share, beating the Zacks Consensus Estimate of $0.63 per share. This compares to earnings of $0.67 per share a year ago.
Zscaler on Monday raised its annual revenue forecast after beating estimates for quarterly revenue on strong demand for its cybersecurity services, but its shares fell more than 6% in extended trading as its report failed to impress investors.
CNBC's Kate Rogers joins 'Closing Bell Overtime' with Zscaler earnings results.
Zscaler's stock was down on the year prior to earnings, while an ETF tracking the software sector had rallied 29%
Zscaler Inc. (NASDAQ:ZS) after Monday's closing bell reported earnings for the fiscal first quarter of 2025 which topped Street estimates. The cloud-based cybersecurity firm reported a 26% year-over-year increase in revenue to $628 million, ahead of estimates of $605.6 million.
Zscaler stock fell after fiscal Q1 earnings and revenue beat estimates but in-line revenue guidance underwhelmed investors. The post Zscaler's In-line Revenue Guidance Underwhelms Investors.
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.