Zscaler (NASDAQ:ZS) Updates Q1 2022 Earnings Guidance

Zscaler (NASDAQ:ZS) updated its first quarter 2022 earnings guidance on Thursday. The company provided earnings per share guidance of $0.120-$0.120 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.120. The company issued revenue guidance of $210 million-$212 million, compared to the consensus revenue estimate of $199.69 million.Zscaler also updated its FY 2022 guidance to $0.520-$0.560 EPS.

Several equities analysts have commented on the stock. Wolfe Research started coverage on shares of Zscaler in a research note on Friday, August 6th. They issued an outperform rating and a $285.00 price target on the stock. Wedbush lifted their price target on shares of Zscaler from $240.00 to $320.00 and gave the stock an outperform rating in a research note on Monday, August 30th. Loop Capital upped their price objective on shares of Zscaler from $250.00 to $280.00 and gave the company a hold rating in a research note on Friday, September 10th. Morgan Stanley lifted their target price on Zscaler from $215.00 to $275.00 and gave the stock an equal weight rating in a research report on Friday, September 10th. They noted that the move was a valuation call. Finally, JMP Securities upped their target price on Zscaler from $270.00 to $330.00 and gave the company an outperform rating in a research report on Friday, September 10th. Eight equities research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus target price of $288.67.

Shares of ZS traded down $2.38 during midday trading on Friday, hitting $272.01. 22,367 shares of the stock traded hands, compared to its average volume of 1,852,771. Zscaler has a 1-year low of $120.34 and a 1-year high of $293.44. The firm has a market capitalization of $37.26 billion, a PE ratio of -142.17 and a beta of 0.82. The company has a debt-to-equity ratio of 1.77, a quick ratio of 3.02 and a current ratio of 3.02. The business’s 50 day moving average price is $250.82 and its two-hundred day moving average price is $210.93.

Zscaler (NASDAQ:ZS) last issued its quarterly earnings data on Wednesday, September 8th. The company reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.05. Zscaler had a negative net margin of 38.93% and a negative return on equity of 40.50%. The business had revenue of $197.07 million for the quarter, compared to analysts’ expectations of $187.44 million. During the same period in the previous year, the business earned ($0.34) earnings per share. The company’s revenue was up 56.5% on a year-over-year basis. As a group, equities research analysts forecast that Zscaler will post -1.81 EPS for the current fiscal year.

In related news, Director Karen Blasing sold 2,000 shares of Zscaler stock in a transaction dated Monday, June 21st. The stock was sold at an average price of $216.25, for a total value of $432,500.00. Following the transaction, the director now owns 3,763 shares of the company’s stock, valued at approximately $813,748.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Ajay Mangal sold 25,984 shares of Zscaler stock in a transaction dated Wednesday, June 23rd. The stock was sold at an average price of $220.43, for a total value of $5,727,653.12. The disclosure for this sale can be found here. Over the last quarter, insiders sold 77,984 shares of company stock worth $18,311,603. 21.40% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Zscaler stock. Morgan Stanley lifted its holdings in Zscaler, Inc. (NASDAQ:ZS) by 1.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 344,900 shares of the company’s stock after purchasing an additional 6,365 shares during the period. Morgan Stanley owned 0.25% of Zscaler worth $74,520,000 as of its most recent filing with the SEC. 43.78% of the stock is owned by institutional investors.

About Zscaler

Zscaler, Inc engages in the provision of cloud-based internet security platform. It provides four integrated and comprehensive solutions to customers using cloud platform, the Zscaler Zero Trust Exchange. The firm offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K.

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Earnings History and Estimates for Zscaler (NASDAQ:ZS)

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