Zscaler (NASDAQ:ZS) Updates Q1 Earnings Guidance

Zscaler (NASDAQ:ZS) issued an update on its first quarter earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.62-$0.63 for the period, compared to the consensus earnings per share estimate of $0.73. The company issued revenue guidance of $604-$606 million, compared to the consensus revenue estimate of $602.67 million. Zscaler also updated its FY 2025 guidance to 2.810-2.870 EPS.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Wedbush decreased their price objective on Zscaler from $260.00 to $220.00 and set an outperform rating for the company in a report on Wednesday. UBS Group dropped their price objective on shares of Zscaler from $270.00 to $250.00 and set a buy rating on the stock in a research note on Wednesday. BTIG Research reduced their target price on shares of Zscaler from $220.00 to $205.00 and set a buy rating for the company in a report on Wednesday. Raymond James started coverage on Zscaler in a research report on Tuesday, July 23rd. They issued a market perform rating on the stock. Finally, Citigroup reduced their price objective on Zscaler from $270.00 to $240.00 and set a buy rating for the company in a research note on Wednesday, June 5th. Nine analysts have rated the stock with a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus target price of $217.41.

Zscaler Trading Up 3.3 %

Shares of Zscaler stock opened at $162.25 on Friday. The business has a 50 day moving average price of $188.36 and a 200 day moving average price of $188.32. The company has a market capitalization of $24.52 billion, a P/E ratio of -318.14 and a beta of 0.82. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. Zscaler has a 1 year low of $146.59 and a 1 year high of $259.61.

Zscaler (NASDAQ:ZS) last released its quarterly earnings results on Tuesday, September 3rd. The company reported $0.88 earnings per share for the quarter, topping analysts’ consensus estimates of $0.70 by $0.18. The company had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 3.75% and a negative net margin of 2.66%. The business’s revenue for the quarter was up 30.3% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.17) earnings per share. Sell-side analysts anticipate that Zscaler will post -0.38 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, CFO Remo Canessa sold 7,981 shares of Zscaler stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $177.21, for a total value of $1,414,313.01. Following the completion of the sale, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 19.20% of the stock is owned by corporate insiders.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices 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.