Zscaler (NASDAQ:ZS) Issues Earnings Results
Zscaler (NASDAQ:ZS) issued its quarterly earnings data on Tuesday. The company reported ($0.02) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.06, Morningstar.com reports. The business had revenue of $86.11 million during the quarter, compared to analysts’ expectations of $82.15 million. Zscaler had a negative return on equity of 10.95% and a negative net margin of 11.12%. Zscaler updated its Q1 2020 guidance to $0.00-0.01 EPS and its FY 2020 guidance to $0.12-0.15 EPS.
Shares of Zscaler stock traded down $0.08 on Thursday, hitting $49.59. The company’s stock had a trading volume of 7,033,854 shares, compared to its average volume of 2,412,084. Zscaler has a 1 year low of $30.72 and a 1 year high of $89.54. The firm has a fifty day moving average price of $76.08 and a 200-day moving average price of $72.13. The company has a market capitalization of $7.79 billion, a price-to-earnings ratio of -159.97 and a beta of 1.29.
ZS has been the subject of several analyst reports. Barclays decreased their price objective on Zscaler from $80.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. UBS Group decreased their price objective on Zscaler from $70.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday. Credit Suisse Group reissued an “outperform” rating and issued a $70.00 price objective (down previously from $78.00) on shares of Zscaler in a report on Wednesday. ValuEngine cut Zscaler from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Finally, Robert W. Baird decreased their price objective on Zscaler from $80.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday. Two analysts have rated the stock with a sell rating, ten have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $67.50.
Large investors have recently bought and sold shares of the business. CSat Investment Advisory L.P. purchased a new stake in Zscaler during the 2nd quarter worth approximately $25,000. Tortoise Index Solutions LLC acquired a new position in shares of Zscaler during the 1st quarter worth approximately $25,000. Meadow Creek Investment Management LLC acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $32,000. Neuburgh Advisers LLC acquired a new position in shares of Zscaler during the 2nd quarter worth approximately $44,000. Finally, Wealthcare Advisory Partners LLC boosted its holdings in shares of Zscaler by 211.1% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock worth $50,000 after purchasing an additional 475 shares during the last quarter. Institutional investors own 33.49% of the company’s stock.
Zscaler Company Profile
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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