Zscaler (ZS) to Release Earnings on Wednesday

Zscaler (NASDAQ:ZS) is expected 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 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 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative return on equity of 0.75% and a negative net margin of 1.58%. The company had revenue of $628.00 million for the quarter, compared to the consensus estimate of $605.51 million. During the same period in the previous year, the business earned ($0.18) earnings per share. The company’s quarterly 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 Performance

Shares of NASDAQ ZS opened at $193.04 on Wednesday. Zscaler has a 52-week low of $153.45 and a 52-week high of $251.55. The stock has a market cap of $29.62 billion, a PE ratio of -772.16 and a beta of 0.89. The business has a fifty day moving average of $195.08 and a two-hundred day moving average of $191.20.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of research analyst reports. KeyCorp lifted their target price on shares of Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a research note on Tuesday, December 3rd. Loop Capital lowered their price target on shares of Zscaler from $200.00 to $195.00 and set a “hold” rating for the company in a research report on Tuesday, December 3rd. Cantor Fitzgerald raised Zscaler to a “hold” rating in a research note on Monday, November 18th. Wells Fargo & Company lifted their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $240.00 price objective on shares of Zscaler in a research report on Friday, January 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and an average price target of $226.56.

Insider Buying and Selling at Zscaler

In other Zscaler news, insider Syam Nair sold 3,682 shares of Zscaler stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $200.32, for a total value of $737,578.24. Following the completion of the sale, the insider now owns 142,866 shares in the company, valued at $28,618,917.12. The trade was a 2.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Jagtar Singh Chaudhry sold 2,863 shares of the stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $573,516.16. Following the transaction, the chief executive officer now owns 358,569 shares in the company, valued at approximately $71,828,542.08. The trade was a 0.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 10,248 shares of company stock worth $2,052,879 over the last ninety days. Insiders own 18.10% of the company’s stock.

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.