Zscaler (NASDAQ:ZS) Issues FY 2020 After-Hours Earnings Guidance

Zscaler (NASDAQ:ZS) issued an update on its FY 2020
After-Hours earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 0.13-0.15 for the period, compared to the Thomson Reuters consensus estimate of $0.15. The company issued revenue guidance of $405-413 million, compared to the consensus revenue estimate of $402.89 million.Zscaler also updated its FY20 guidance to $0.13-0.15 EPS.

A number of research firms recently issued reports on ZS. Bank of America upped their target price on Zscaler from $68.00 to $70.00 and gave the company a buy rating in a research note on Wednesday. OTR Global downgraded Zscaler from a mixed rating to a negative rating in a report on Monday, August 19th. Piper Jaffray Companies reduced their price objective on Zscaler from $82.00 to $70.00 and set an overweight rating on the stock in a research note on Wednesday, September 11th. Morgan Stanley reissued a sell rating and set a $40.00 target price on shares of Zscaler in a research report on Thursday. Finally, Citigroup began coverage on shares of Zscaler in a research report on Monday, October 14th. They set a neutral rating and a $50.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and ten have issued a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of $62.70.

Shares of ZS opened at $49.85 on Friday. Zscaler has a one year low of $34.21 and a one year high of $89.54. The stock’s fifty day moving average is $45.74 and its 200-day moving average is $64.47. The firm has a market capitalization of $6.16 billion, a price-to-earnings ratio of -415.42 and a beta of 1.22.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, December 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.08) by $0.11. The firm had revenue of $93.59 million during the quarter, compared to analyst estimates of $89.81 million. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.46%. Zscaler’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 EPS. On average, research analysts expect that Zscaler will post -0.24 earnings per share for the current fiscal year.

In related news, insider Robert Schlossman sold 2,000 shares of the stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $50.00, for a total transaction of $100,000.00. Following the completion of the sale, the insider now directly owns 94,966 shares of the company’s stock, valued at $4,748,300. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of $46.80, for a total transaction of $46,800.00. Insiders sold 7,000 shares of company stock valued at $345,300 over the last quarter. Insiders own 23.80% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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