Zscaler (NASDAQ:ZS) issued an update on its third quarter earnings guidance on Thursday morning. The company provided EPS guidance of $0.01-0.03 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.04. The company issued revenue guidance of $105-107 million, compared to the consensus revenue estimate of $104.58 million.Zscaler also updated its FY 2020
After-Hours guidance to 0.14-0.16 EPS.

Shares of ZS traded down $10.67 during midday trading on Friday, hitting $54.51. The stock had a trading volume of 13,178,875 shares, compared to its average volume of 1,637,063. Zscaler has a fifty-two week low of $40.05 and a fifty-two week high of $89.54. The business has a 50-day simple moving average of $57.72 and a two-hundred day simple moving average of $54.78. The firm has a market cap of $8.34 billion, a P/E ratio of -109.02 and a beta of 1.07. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 0.08.

Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, December 3rd. The company reported $0.03 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.11. Zscaler had a negative net margin of 17.70% and a negative return on equity of 13.73%. The company had revenue of $93.59 million during the quarter, compared to analysts’ expectations of $89.81 million. During the same period last year, the company posted $0.01 earnings per share. The business’s revenue for the quarter was up 47.9% on a year-over-year basis. On average, analysts expect that Zscaler will post -0.34 earnings per share for the current fiscal year.

ZS has been the subject of several recent analyst reports. UBS Group raised their target price on shares of Zscaler from $55.00 to $60.00 and gave the stock a neutral rating in a report on Friday. Zacks Investment Research upgraded shares of Zscaler from a sell rating to a hold rating in a report on Saturday, February 8th. SunTrust Banks reiterated a buy rating and issued a $73.00 target price on shares of Zscaler in a report on Wednesday, December 4th. DA Davidson restated an outperform rating and set a $58.00 price target on shares of Zscaler in a report on Wednesday, December 4th. Finally, Robert W. Baird raised their price target on shares of Zscaler from $65.00 to $70.00 and gave the stock an outperform rating in a report on Friday. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $64.84.

In related news, Director Karen Blasing sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.46, for a total transaction of $50,460.00. Following the transaction, the director now owns 2,595 shares of the company’s stock, valued at $130,943.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Robert Schlossman sold 2,000 shares of the firm’s stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $50.00, for a total transaction of $100,000.00. Following the transaction, the insider now directly owns 94,966 shares in the company, valued at approximately $4,748,300. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 231,187 shares of company stock valued at $13,532,524. 23.80% of the stock is currently owned by corporate insiders.

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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