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Zscaler, Inc. (NASDAQ:ZS ) Bank of America Global Technology Conference June 5, 2024 12:20 PM ET Company Participants Steven House - SVP, Product Management Remo Caness - CFO Conference Call Participants Tal Liani - Bank of America Tal Liani Steve House, welcome. First of all, I think it's the first time I'm hosting you for one of these sessions.
Though they popped 15% in the immediate aftermath of last week's earnings, shares of Zscaler Inc. NASDAQ: ZS have been quickly retracing their steps. The fact they're only marginally above the level where they were trading going into last week's fiscal Q3 release will be frustrating for investors, especially as the results were good.
The cybersecurity company is delivering best-in-class revenue growth amid challenging macroeconomic conditions.
Cybercrime is causing trillions of dollars in damage throughout the global economy. Malicious actors are emboldened by new technologies like artificial intelligence (AI), which allow them to strike faster and with more precision.
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.
Revenue growth continues to exceed 30% yearly. Improving financials led to a positive net income in the most recent quarter.
While Zscaler is still unprofitable, there's much to like at current prices.
Zscaler beat analyst targets in fiscal Q3 2024. The company reported positive free cash flow as well and its first-ever quarterly GAAP profit.
Shares of cloud security provider Zscaler (ZS) surged Friday, a day after it released third-quarter results that easily beat estimates.
Zscaler's (ZS) Q3 results reflect benefits from increased success in selling bigger bundles and multiple product pillars from the beginning of the quarter and achieving faster upsells within a year.
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?