Connect with us

Hi, what are you looking for?


Zscaler stock climbs 20% on Friday: explained here

Zscaler Inc (NASDAQ: ZS) is up about 20% on Friday after the cybersecurity company reported better-than-expected Q4 and issued strong guidance for the future.

Zscaler Q4 financial highlights

Lost $97.7 million versus the year-ago $81 million
Per-share earnings climbed from 59 cents to 69 cents
On an adjusted basis, earned 25 cents per share
Revenue jumped 61% year-on-year to $318.1 million
Calculated billings climbed to $520.4 million
Consensus was 21 cents EPS (adj) on $305.4 million revenue

CEO Chaudhry’s remarks

Zscaler ended the quarter with $1.73 billion of cash, equivalents, and short-term investments. In the earnings press release, CEO Jay Chaudhry said:

Our customers are realising immense value from the new, innovative services and advances capabilities being integrated into our Zero Trust security platform.

Wall Street recommends that you buy Zscaler stock as it has upside to $210.

Zscaler’s guidance for the future

For the full financial year, Zscaler expects $1.16 to $1.18 of adjusted per-share earnings on about $1.50 billion in revenue. In comparison, experts had forecast $1.04 on $1.47 billion, respectively.

Its Q1 forecast was also ahead of estimates. Chaudhry added:

Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favourable demand for our Zero Trust Exchange platform because it makes businesses more secure, simplifies IT, and reduces cost.

Also on Friday, Zscaler committed to net zero emissions by 2025. The cybersecurity stock is still down nearly 40% for the year.

The post Zscaler stock climbs 20% on Friday: explained here appeared first on Invezz.

Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    You May Also Like


    Inflation appears to be on the decline. The Personal Consumption Expenditures Price Index (PCEPI), which is the Federal Reserve’s preferred measure of inflation, grew...


    Solana (SOL/USD) is enormously underrated as a cryptocurrency project, even with its hiccups – including the latest exploit on one of the ecosystem apps....

    Editor's Pick

    The new eSIM infrastructure will help modernise the IoT connectivity market with fast, secure connections and reduced vendor lock-in. 1oT, a tech startup from...


    The latest Job Openings and Labor Turnover Survey from the Bureau of Labor Statistics shows the total number of job openings in the economy...

    Disclaimer:, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2023