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.
The cybersecurity company edged the consensus view with its revenue forecast for the current quarter.
Zscaler stock fell after the cybersecurity firm reported fiscal Q4 earnings that beat estimates while guidance underwhelmed investors.
Zscaler, Inc. ZS is set to release earnings results for its fourth quarter, after the closing bell on Tuesday, Sept. 3.
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.
ZS' Q4 performance is likely to have benefited from the growing demand for security and networking products.
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.
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.
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.
The cloud-based cybersecurity leader is set to report its fiscal fourth-quarter earnings on Sept. 8. New artificial intelligence-powered applications support a strong growth outlook.
Zscaler (ZS) reachead $197.82 at the closing of the latest trading day, reflecting a -0.81% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?