Zscaler (ZS) PT Lowered to $165 at Mizuho Securities

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Go back to Zscaler (ZS) PT Lowered to $165 at Mizuho Securities

Analysts defend Zscaler (ZS) as shares fall despite earnings and guidance beat

December 2, 2022 6:46 AM EST

Zscaler (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