Zscaler (ZS) PT Lowered to $165 at Mizuho Securities
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/14/2026
- Wall St set for muted open as Middle East tensions curb risk appetite
- BofA's Hartnett explains why Wall Street is trading with 'no fear'
- Oil rises after US threatens indefinite blockade of Iran; set for weekly gains
- Are KOSPI and SOX in a bubble? Citi answers
- Could Intel return to the red-hot memory market after $20B raise and recent hire?
Analysts defend Zscaler (ZS) as shares fall despite earnings and guidance beat
December 2, 2022 6:46 AM ESTZscaler (NASDAQ: ZS) shares plummeted almost 9% despite the company reporting better-than-expected FQ1 results and guidance.
Zscasler reported adjusted EPS of $0.29 on revenue of $355 million (+54% year-over-year), beating the consensus for earnings of $0.26 on revenue of $340.68M. Calculated billings were reported at $340.1M, again higher than the estimate of $335.5M.
"We delivered strong top line growth with improved operating profitability and increased free cash flow, once again performing at the Rule-of-80. We are seeing customers committing to our broader platform, driven by... More
