Zscaler (NASDAQ:ZS) announced its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.08) by $0.06, Morningstar.com reports. Zscaler had a negative return on equity of 9.78% and a negative net margin of 9.46%. The business had revenue of $86.11 million during the quarter, compared to the consensus estimate of $82.15 million. Zscaler updated its Q1 2020 guidance to $0.00-0.01 EPS and its FY 2020 guidance to $0.12-0.15 EPS.
Shares of NASDAQ:ZS opened at $49.59 on Friday. The business has a 50 day moving average price of $76.08 and a 200 day moving average price of $72.13. Zscaler has a twelve month low of $30.72 and a twelve month high of $89.54. The company has a market cap of $7.74 billion, a price-to-earnings ratio of -413.25 and a beta of 1.29.
In other Zscaler news, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $77.12, for a total value of $77,120.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Amit Sinha sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $80.78, for a total value of $1,454,040.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 189,774 shares of company stock valued at $15,730,959. 27.40% of the stock is owned by corporate insiders.
Several research firms recently weighed in on ZS. BMO Capital Markets dropped their price target on Zscaler from $100.00 to $60.00 and set a “market perform” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Barclays dropped their target price on Zscaler from $80.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Wednesday. Deutsche Bank upped their price target on Zscaler from $57.00 to $76.00 and gave the stock a “hold” rating in a research note on Wednesday, May 29th. Robert W. Baird decreased their price target on Zscaler from $80.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. Finally, Cowen decreased their price target on Zscaler from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $67.50.
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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