Zscaler (ZS) Projected to Post Earnings on Wednesday

Zscaler (NASDAQ:ZS) is anticipated to issue its quarterly earnings data after the market closes on Wednesday, March 5th. Analysts expect the company to announce earnings of $0.69 per share and revenue of $635.33 million for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Monday, December 2nd. The company reported $0.77 EPS for the quarter, beating the consensus estimate of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The business had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same quarter in the prior year, the firm earned ($0.18) EPS. The business’s revenue was up 26.4% on a year-over-year basis. On average, analysts expect Zscaler to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zscaler Stock Down 3.8 %

ZS opened at $188.79 on Tuesday. The firm has a 50-day simple moving average of $195.69 and a two-hundred day simple moving average of $191.53. Zscaler has a 52 week low of $153.45 and a 52 week high of $221.62. The company has a market capitalization of $28.97 billion, a PE ratio of -755.16 and a beta of 0.89.

Wall Street Analysts Forecast Growth

ZS has been the topic of several recent research reports. Loop Capital decreased their target price on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating on the stock in a research report on Tuesday, December 3rd. Deutsche Bank Aktiengesellschaft upped their target price on shares of Zscaler from $200.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, December 3rd. JPMorgan Chase & Co. upped their target price on shares of Zscaler from $220.00 to $240.00 and gave the company an “overweight” rating in a research report on Friday, November 29th. Royal Bank of Canada restated an “outperform” rating and set a $230.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Susquehanna increased their price objective on shares of Zscaler from $210.00 to $225.00 and gave the stock a “positive” rating in a research report on Tuesday, December 3rd. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $226.56.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 3,703 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at $44,197,603.20. The trade was a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Syam Nair sold 3,682 shares of the business’s stock in a transaction on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total transaction of $737,578.24. Following the sale, the insider now directly owns 142,866 shares in the company, valued at $28,618,917.12. This trade represents a 2.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is currently owned by insiders.

Zscaler Company Profile

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.