Zscaler (ZS) Expected to Announce Earnings on Wednesday

Zscaler (NASDAQ:ZS) will likely be releasing its earnings data after the market closes on Wednesday, March 5th. Analysts expect Zscaler to post earnings of $0.69 per share and revenue of $635.33 million for the quarter. Investors interested in participating in the company’s conference call can do so using this link.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 EPS for the quarter, topping 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 company had revenue of $628.00 million during the quarter, compared to the consensus estimate of $605.51 million. During the same period in the previous year, the firm posted ($0.18) earnings per share. The firm’s revenue for the quarter 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 Performance

Shares of NASDAQ ZS opened at $193.04 on Wednesday. The stock has a market cap of $29.62 billion, a price-to-earnings ratio of -772.16 and a beta of 0.89. Zscaler has a fifty-two week low of $153.45 and a fifty-two week high of $251.55. The firm’s 50-day simple moving average is $195.08 and its 200 day simple moving average is $191.20.

Analyst Upgrades and Downgrades

ZS has been the topic of several analyst reports. BMO Capital Markets lifted their target price on Zscaler from $197.00 to $222.00 and gave the company an “outperform” rating in a research report on Tuesday, December 3rd. Canaccord Genuity Group lifted their price objective on shares of Zscaler from $220.00 to $230.00 and gave the stock a “buy” rating in a report on Tuesday, December 3rd. KeyCorp upped their target price on shares of Zscaler from $245.00 to $250.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 3rd. Guggenheim reissued a “neutral” rating on shares of Zscaler in a research report on Tuesday, December 3rd. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $240.00 price objective on shares of Zscaler in a research report on Friday, January 10th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $226.56.

Insider Transactions at Zscaler

In other Zscaler news, CFO Remo Canessa sold 3,703 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $741,784.96. Following the sale, the chief financial officer now directly owns 220,635 shares in the company, valued at $44,197,603.20. This represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 transaction, the insider now owns 142,866 shares of the company’s stock, 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. Insiders sold 10,248 shares of company stock valued at $2,052,879 over the last three months. Company insiders own 18.10% of the company’s stock.

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.