Zscaler Reports First Quarter Fiscal 2020 Financial Results
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December 4, 2019 8:19 AM EST
SunTrust analyst Joel Fishbein Jr. reiterated a Buy rating and $73.00 price target on Zscaler (NASDAQ: ZS) following the company's 1Q earnings report. Zscaler delivered a slight beat and raise with margin upside.
The Company reported $93.6MM of revenue for 1Q20, beating consensus at... More
December 3, 2019 4:11 PM EST
Zscaler (NASDAQ: ZS) reported Q1 EPS of $0.03, $0.02 better than the analyst estimate of $0.01. Revenue for the quarter came in at $93.6 million versus the consensus estimate of $89.79 million.
First Quarter Fiscal 2020 Financial Highlights
Revenue: $93.6 million, an increase of 48% year-over-year.Income (loss) from operations: GAAP loss from operations was $18.3 million, or 20% of total revenue, compared to $8.7 million, or 14% of total revenue, in the first quarter of fiscal 2019. Non-GAAP income from operations was $2.9 million, or 3% of total revenue, compared to $1.2 million, or 2% of total revenue, in the first quarter of fiscal 2019.Net...
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