Zscaler reported its Q4 FY24 earnings, which demonstrated strong enterprise expansion and profitability growth, with revenue up 34% YoY and non-GAAP operating income up 84% YoY. Despite FY25 guidance falling short, Zscaler's long-term growth story remains intact, driven by product innovation and deepening customer adoption. The company's focus on account-centric sales and GSI programs, along with federal market penetration, positions it for significant revenue growth by FY29.
I recommend investors to buy the dip in Zscaler after a ~25% slide in the stock this year. Zscaler slid further when its FY25 outlook slightly missed Street expectations, but its billings results foreshadow stronger growth ahead than its guidance might currently imply. The company has seen stabilization in its sales attrition as well, which may help it deliver a series of beat-and-raise quarters as it begins FY25.
Zscaler reported strong Q4 results with 30% YoY revenue growth and significant margin expansion. The stock has faced pressure from management's conservative billings guidance, but growth is accelerated to pick up in the back half of the year. Zscaler has a net cash balance sheet and is close to sustainable GAAP profitability.
Zscaler (ZS) reported earnings 30 days ago. What's next for the stock?
Zscaler (ZS) closed the most recent trading day at $169.69, moving +1.62% from the previous trading session.
Zscaler (ZS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cybersecurity stocks including Zscaler and Palo Alto face a slowdown in the Secure Access Service Edge, or SASE, market, says Dell'Oro Group.
Zscaler's guidance for the new fiscal year indicates that its growth will slow remarkably. The company is struggling amid a weak spending environment, but investors should look at the bigger picture.
Zscaler, Inc. (NASDAQ:ZS ) Goldman Sachs Communacopia + Technology Conference 2024 September 11, 2024 12:30 PM ET Company Participants Jay Chaudhry - Chairman and CEO Remo Canessa - CFO Conference Call Participants Gabriela Borges - Goldman Sachs Daniel Church - Goldman Sachs Gabriela Borges All right. We will kick it off.
Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zscaler stock (NASDAQ: ZS) has declined from around $212 at the beginning of the year to $162 now - a 24% fall over a period when the benchmark S&P index grew 16%. While the stock recovered in August, it nosedived 20% in a single day after the cloud security company published its 2024 preliminary results.
Zscaler's latest earnings report exceeded Wall Street's expectations. But its outlook for fiscal 2025 was disappointing.