Zscaler Stock Rises on Earnings Beat

Dow Jones
09/04

Zscaler shares rose after the cybersecurity company reported stronger-than-expected quarterly earnings and raised its outlook for the subsequent quarter.

Zscaler posted adjusted earnings of $1.19 a share, up from 89 cents a share a year ago and above Wall Street's expectations of $1.09 a share.

For the fiscal fourth quarter ended July 31, revenue grew 25% to $898.2 million, beating the consensus expectation of $877 million, according to FactSet.

Shares rose 5% to $186.27 in after-hours trading Thursday before giving back some of the gains. The stock closed the regular session up 2.9% at $177.80.

Zscaler also boosted its outlook for the fiscal 2027 first quarter, expecting a revenue range of $935 million to $939 million, above Wall Street's $927 million estimate.

The cybersecurity company projects first-quarter profit to range from $1.15 to $1.16 a share, while analysts polled by FactSet see earnings at $1.08 a share.

This is breaking news. Check back for more updates.

 

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