Zscaler (NASDAQ:ZS) Issues Quarterly Earnings Results

Zscaler (NASDAQ:ZSGet Rating) announced its quarterly earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.20 by $0.05, Briefing.com reports. Zscaler had a negative return on equity of 56.62% and a negative net margin of 35.77%. The business had revenue of $318.06 million during the quarter, compared to the consensus estimate of $305.54 million. During the same quarter last year, the firm posted ($0.48) EPS. The company’s quarterly revenue was up 61.4% on a year-over-year basis.

Zscaler Price Performance

Shares of ZS stock opened at $188.00 on Friday. The stock has a market cap of $26.67 billion, a price-to-earnings ratio of -67.87 and a beta of 1.02. The business’s fifty day moving average is $161.01 and its 200 day moving average is $180.77. Zscaler has a twelve month low of $125.12 and a twelve month high of $376.11. The company has a quick ratio of 2.24, a current ratio of 2.24 and a debt-to-equity ratio of 1.80.

Analysts Set New Price Targets

ZS has been the subject of a number of research reports. Morgan Stanley dropped their target price on Zscaler from $325.00 to $225.00 and set an “overweight” rating for the company in a report on Thursday, May 19th. Royal Bank of Canada lifted their target price on Zscaler from $200.00 to $210.00 and gave the stock an “outperform” rating in a report on Friday. Canaccord Genuity Group lifted their target price on Zscaler from $210.00 to $220.00 in a report on Friday. Deutsche Bank Aktiengesellschaft lifted their target price on Zscaler from $190.00 to $215.00 and gave the stock a “buy” rating in a report on Friday. Finally, UBS Group decreased their price target on Zscaler from $325.00 to $200.00 and set a “buy” rating on the stock in a research report on Friday, May 27th. One analyst has rated the stock with a sell rating, six have given a hold rating, twenty-six have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.15.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 239 shares of the company’s stock in a transaction dated Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the sale, the insider now owns 112,622 shares in the company, valued at $16,893,300. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, COO Dali Rajic sold 5,302 shares of Zscaler stock in a transaction on Thursday, June 16th. The stock was sold at an average price of $136.67, for a total value of $724,624.34. Following the transaction, the chief operating officer now directly owns 226,353 shares in the company, valued at approximately $30,935,664.51. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Robert Schlossman sold 239 shares of the firm’s stock in a transaction on Tuesday, June 21st. The stock was sold at an average price of $150.00, for a total value of $35,850.00. Following the completion of the sale, the insider now directly owns 112,622 shares of the company’s stock, valued at approximately $16,893,300. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,710 shares of company stock valued at $3,380,302. 20.30% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Zscaler

Several large investors have recently bought and sold shares of ZS. Mirae Asset Global Investments Co. Ltd. increased its holdings in Zscaler by 14.1% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock valued at $134,476,000 after buying an additional 68,982 shares during the last quarter. AlphaCrest Capital Management LLC purchased a new position in shares of Zscaler during the 1st quarter worth approximately $244,000. D.A. Davidson & CO. increased its stake in shares of Zscaler by 41.6% during the 1st quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock worth $273,000 after purchasing an additional 332 shares in the last quarter. MetLife Investment Management LLC purchased a new stake in Zscaler in the 1st quarter worth approximately $1,232,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Zscaler by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock valued at $29,338,000 after purchasing an additional 2,153 shares during the last quarter. 45.51% of the stock is currently owned by hedge funds and other institutional investors.

Zscaler Company Profile

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Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

Further Reading

Earnings History for Zscaler (NASDAQ:ZS)

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