Zscaler (ZS) Issues Q2 2019 Earnings Guidance

Zscaler (NASDAQ:ZS) updated its second quarter 2019 earnings guidance on Tuesday. The company provided EPS guidance of $-0.02-0.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $-0.03. The company issued revenue guidance of $65-67 million, compared to the consensus revenue estimate of $61.56 million.Zscaler also updated its FY 2019 guidance to $-0.03–0.01 EPS.

ZS has been the topic of a number of analyst reports. BTIG Research lowered shares of Zscaler from a buy rating to a neutral rating and set a $33.00 target price on the stock. in a research report on Monday, September 10th. They noted that the move was a valuation call. Needham & Company LLC increased their price target on shares of Zscaler from $45.00 to $47.50 and gave the stock a strong-buy rating in a research note on Thursday, September 6th. Zacks Investment Research raised shares of Zscaler from a sell rating to a hold rating in a research note on Wednesday, September 12th. Morgan Stanley increased their price target on shares of Zscaler from $31.00 to $41.00 and gave the stock an equal weight rating in a research note on Thursday, September 6th. Finally, Credit Suisse Group increased their price target on shares of Zscaler from $38.00 to $46.00 and gave the stock an outperform rating in a research note on Thursday, September 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of Hold and an average target price of $37.58.

Shares of ZS stock opened at $37.21 on Thursday. The firm has a market cap of $4.54 billion and a price-to-earnings ratio of -120.03. Zscaler has a 1-year low of $24.76 and a 1-year high of $48.24.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings data on Tuesday, December 4th. The company reported ($0.06) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.05) by ($0.01). The business had revenue of $63.30 million for the quarter, compared to the consensus estimate of $58.66 million. The firm’s revenue for the quarter was up 58.6% compared to the same quarter last year. Sell-side analysts predict that Zscaler will post -0.33 earnings per share for the current year.

In other news, EVP Amit Sinha sold 4,807 shares of Zscaler stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $42.12, for a total value of $202,470.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andrew William Fraser Brown sold 35,000 shares of Zscaler stock in a transaction dated Thursday, September 13th. The shares were sold at an average price of $40.61, for a total transaction of $1,421,350.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 285,228 shares of company stock valued at $11,535,607. 27.40% of the stock is owned by company insiders.

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Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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