Zscaler (ZS) Set to Announce Quarterly Earnings on Tuesday

Zscaler (NASDAQ:ZS) is scheduled to be announcing its earnings results after the market closes on Tuesday, September 5th. Analysts expect the company to announce earnings of $0.49 per share for the quarter. Zscaler has set its Q4 guidance at ~$0.49 EPS and its FY23 guidance at $1.63-1.64 EPS.Investors that wish to listen to the company’s conference call can do so using this link.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings results on Thursday, June 1st. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.42 by $0.06. The company had revenue of $418.80 million during the quarter, compared to analyst estimates of $411.55 million. Zscaler had a negative net margin of 18.20% and a negative return on equity of 39.82%. Zscaler’s revenue for the quarter was up 46.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.61) EPS. On average, analysts expect Zscaler to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zscaler Price Performance

Shares of NASDAQ ZS opened at $141.34 on Tuesday. The stock has a market capitalization of $20.62 billion, a price-to-earnings ratio of -74.78 and a beta of 0.87. Zscaler has a 12 month low of $84.93 and a 12 month high of $194.21. The firm’s 50 day simple moving average is $146.62 and its 200-day simple moving average is $129.03. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.96 and a quick ratio of 1.96.

Insider Buying and Selling

In other Zscaler news, COO Dali Rajic sold 22,000 shares of Zscaler stock in a transaction that occurred on Thursday, July 6th. The shares were sold at an average price of $141.50, for a total transaction of $3,113,000.00. Following the transaction, the chief operating officer now owns 306,406 shares of the company’s stock, valued at approximately $43,356,449. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, COO Dali Rajic sold 22,000 shares of the business’s stock in a transaction on Thursday, July 6th. The shares were sold at an average price of $141.50, for a total transaction of $3,113,000.00. Following the completion of the transaction, the chief operating officer now directly owns 306,406 shares in the company, valued at approximately $43,356,449. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert Schlossman sold 2,496 shares of the business’s stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $150.00, for a total transaction of $374,400.00. Following the completion of the sale, the insider now directly owns 142,899 shares of the company’s stock, valued at $21,434,850. The disclosure for this sale can be found here. Insiders have sold a total of 114,611 shares of company stock worth $17,137,481 in the last ninety days. Corporate insiders own 19.80% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Comerica Bank bought a new stake in Zscaler during the 2nd quarter worth approximately $527,000. Coppell Advisory Solutions LLC bought a new stake in shares of Zscaler during the second quarter valued at approximately $45,000. GTS Securities LLC bought a new stake in shares of Zscaler during the second quarter valued at approximately $7,278,000. National Pension Service bought a new stake in shares of Zscaler during the second quarter valued at approximately $22,620,000. Finally, Alliancebernstein L.P. raised its position in shares of Zscaler by 3.4% during the second quarter. Alliancebernstein L.P. now owns 32,840 shares of the company’s stock valued at $4,804,000 after buying an additional 1,071 shares during the last quarter. Institutional investors own 45.19% of the company’s stock.

Analysts Set New Price Targets

ZS has been the topic of a number of research reports. BTIG Research upgraded Zscaler from a “neutral” rating to a “buy” rating and set a $185.00 price objective on the stock in a report on Tuesday, July 25th. Stifel Nicolaus increased their price objective on shares of Zscaler from $150.00 to $180.00 in a research report on Friday, June 16th. Royal Bank of Canada upped their price target on Zscaler from $155.00 to $162.00 in a research note on Friday, June 2nd. Bank of America upped their price objective on Zscaler from $160.00 to $175.00 in a research report on Monday, June 19th. Finally, Evercore ISI upped their price objective on shares of Zscaler from $165.00 to $170.00 in a research note on Friday, June 2nd. Thirteen investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $171.11.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. It offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices 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.