Zscaler (ZS) Scheduled to Post Quarterly Earnings on Monday

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

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

Zscaler Price Performance

NASDAQ ZS opened at $210.96 on Monday. The company has a fifty day moving average of $186.49 and a 200 day moving average of $183.69. The company has a market capitalization of $32.17 billion, a PE ratio of -527.39 and a beta of 0.82. Zscaler has a 1 year low of $153.45 and a 1 year high of $259.61.

Insiders Place Their Bets

In other news, CFO Remo Canessa sold 8,455 shares of Zscaler stock in a transaction that occurred on Tuesday, September 17th. The shares were sold at an average price of $171.28, for a total transaction of $1,448,172.40. Following the completion of the sale, the chief financial officer now directly owns 231,793 shares in the company, valued at approximately $39,701,505.04. This trade represents a 3.52 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 in the company, valued at approximately $61,906,072.96. The trade was a 0.78 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,502 shares of company stock valued at $5,256,651. Insiders own 19.20% of the company’s stock.

Analyst Upgrades and Downgrades

ZS has been the subject of a number of analyst reports. Piper Sandler reduced their price target on Zscaler from $255.00 to $215.00 and set an “overweight” rating for the company in a report on Wednesday, September 4th. BMO Capital Markets reduced their price objective on Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Cantor Fitzgerald upgraded shares of Zscaler to a “hold” rating in a research report on Monday, November 18th. Wells Fargo & Company lowered their price target on shares of Zscaler from $182.00 to $180.00 and set an “equal weight” rating on the stock in a research report on Wednesday, September 4th. Finally, Bank of America downgraded shares of Zscaler from a “buy” rating to a “neutral” rating and cut their price objective for the company from $265.00 to $195.00 in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $218.55.

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.