Wall Street brokerages forecast that Zscaler, Inc. (NASDAQ:ZS – Get Rating) will announce $271.81 million in sales for the current quarter, according to Zacks. Nine analysts have provided estimates for Zscaler’s earnings, with the lowest sales estimate coming in at $271.00 million and the highest estimate coming in at $274.00 million. Zscaler posted sales of $176.40 million during the same quarter last year, which suggests a positive year-over-year growth rate of 54.1%. The business is scheduled to announce its next earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Zscaler will report full year sales of $1.05 billion for the current fiscal year, with estimates ranging from $1.05 billion to $1.06 billion. For the next financial year, analysts anticipate that the company will post sales of $1.43 billion, with estimates ranging from $1.36 billion to $1.52 billion. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Zscaler.
Zscaler (NASDAQ:ZS – Get Rating) last issued its earnings results on Thursday, February 24th. The company reported ($0.60) EPS for the quarter, missing the consensus estimate of ($0.57) by ($0.03). Zscaler had a negative net margin of 38.47% and a negative return on equity of 51.11%. The firm had revenue of $255.56 million during the quarter, compared to the consensus estimate of $241.87 million. During the same period in the previous year, the company posted ($0.39) EPS. The firm’s revenue for the quarter was up 62.7% on a year-over-year basis.
Zscaler stock traded up $8.28 during mid-day trading on Wednesday, reaching $140.86. The company’s stock had a trading volume of 189,690 shares, compared to its average volume of 2,680,416. The company has a market capitalization of $19.87 billion, a price-to-earnings ratio of -60.08 and a beta of 1.09. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.38 and a current ratio of 2.38. The business’s 50 day simple moving average is $201.28 and its 200 day simple moving average is $253.97. Zscaler has a 12 month low of $125.12 and a 12 month high of $376.11.
In other news, COO Dali Rajic sold 12,568 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total transaction of $2,552,435.12. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, President Amit Sinha sold 7,358 shares of the company’s stock in a transaction that occurred on Wednesday, March 16th. The stock was sold at an average price of $203.09, for a total transaction of $1,494,336.22. The disclosure for this sale can be found here. In the last three months, insiders have sold 36,779 shares of company stock worth $7,896,977. 20.30% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in ZS. M&T Bank Corp increased its stake in Zscaler by 2.2% in the fourth quarter. M&T Bank Corp now owns 2,030 shares of the company’s stock valued at $653,000 after purchasing an additional 43 shares in the last quarter. B. Riley Wealth Management Inc. increased its position in shares of Zscaler by 2.8% during the fourth quarter. B. Riley Wealth Management Inc. now owns 1,713 shares of the company’s stock worth $550,000 after acquiring an additional 47 shares in the last quarter. Spearhead Capital Advisors LLC increased its position in shares of Zscaler by 2.1% during the fourth quarter. Spearhead Capital Advisors LLC now owns 2,299 shares of the company’s stock worth $739,000 after acquiring an additional 48 shares in the last quarter. Alexandria Capital LLC increased its position in shares of Zscaler by 0.3% during the third quarter. Alexandria Capital LLC now owns 16,577 shares of the company’s stock worth $4,347,000 after acquiring an additional 49 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC increased its position in shares of Zscaler by 4.1% during the first quarter. GPS Wealth Strategies Group LLC now owns 1,273 shares of the company’s stock worth $307,000 after acquiring an additional 50 shares in the last quarter. Institutional investors and hedge funds own 43.41% of the company’s stock.
Zscaler Company Profile (Get Rating)
Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.
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