Zscaler (ZS) Scheduled to Post Earnings on Tuesday

Zscaler (NASDAQ:ZS) will release its earnings data after the market closes on Tuesday, September 3rd. Analysts expect Zscaler to post earnings of $0.69 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Zscaler (NASDAQ:ZS) last announced its quarterly earnings results on Thursday, May 30th. The company reported $0.15 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.24) by $0.39. The firm had revenue of $553.20 million for the quarter, compared to the consensus estimate of $535.55 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. On average, analysts expect Zscaler to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $199.98 on Monday. The business’s 50 day moving average price is $188.74 and its two-hundred day moving average price is $189.52. The company has a market cap of $30.23 billion, a PE ratio of -392.12 and a beta of 0.85. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. Zscaler has a twelve month low of $143.36 and a twelve month high of $259.61.

Analyst Ratings Changes

A number of brokerages have weighed in on ZS. BTIG Research lowered their price target on Zscaler from $258.00 to $220.00 and set a “buy” rating on the stock in a research report on Friday, May 31st. Needham & Company LLC reaffirmed a “strong-buy” rating and issued a $290.00 target price on shares of Zscaler in a research report on Friday, June 14th. Canaccord Genuity Group decreased their target price on Zscaler from $260.00 to $220.00 and set a “buy” rating on the stock in a research report on Tuesday, June 4th. Citigroup decreased their target price on Zscaler from $270.00 to $240.00 and set a “buy” rating on the stock in a research report on Wednesday, June 5th. Finally, Mizuho downgraded Zscaler from an “outperform” rating to a “neutral” rating and set a $220.00 target price on the stock. in a research report on Tuesday, July 16th. Eight investment analysts have rated the stock with a hold rating, twenty-six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler presently has a consensus rating of “Moderate Buy” and a consensus price target of $226.18.

Insider Activity at Zscaler

In related news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $177.21, for a total transaction of $1,414,313.01. Following the sale, the chief financial officer now owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 19.20% of the stock is currently owned by company insiders.

About Zscaler

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.