Zscaler (ZS) Set to Announce Earnings on Monday

Zscaler (NASDAQ:ZS) will issue its quarterly earnings data after the market closes on Monday, December 2nd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.14) by $0.09. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company had revenue of $592.90 million for the quarter, compared to analyst estimates of $567.46 million. During the same period in the previous year, the business posted ($0.17) earnings per share. Zscaler’s quarterly revenue was up 30.3% on a year-over-year basis. On average, analysts expect Zscaler to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zscaler Trading Up 0.8 %

ZS stock opened at $206.59 on Friday. The company has a market cap of $31.70 billion, a price-to-earnings ratio of -512.39 and a beta of 0.82. The firm has a 50 day moving average of $189.44 and a 200-day moving average of $184.50. Zscaler has a 12-month low of $153.45 and a 12-month high of $259.61.

Insider Buying and Selling

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the business’s stock in a transaction on Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total value of $488,490.56. Following the sale, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. The trade was a 0.78 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Robert Schlossman sold 1,435 shares of the firm’s stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total value of $260,739.50. Following the sale, the insider now directly owns 105,806 shares of the company’s stock, valued at approximately $19,224,950.20. This represents a 1.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 30,502 shares of company stock worth $5,256,651 in the last three months. 19.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ZS. KeyCorp increased their price objective on Zscaler from $220.00 to $245.00 and gave the company an “overweight” rating in a research note on Friday, November 22nd. BTIG Research raised their price objective on Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a report on Wednesday. Rosenblatt Securities reiterated a “neutral” rating and set a $190.00 target price on shares of Zscaler in a report on Wednesday, September 4th. Morgan Stanley raised their price target on shares of Zscaler from $202.00 to $215.00 and gave the company an “equal weight” rating in a report on Monday, August 26th. Finally, Citigroup decreased their price objective on shares of Zscaler from $240.00 to $230.00 and set a “buy” rating for the company in a research note on Friday, October 4th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $221.13.

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.