Shares of Zscaler Inc. (ZS) are surging 8.23% in pre-market trading on Friday following the cloud security company's impressive third-quarter fiscal 2025 results, raised full-year guidance, and the announcement of a new Chief Financial Officer.

Zscaler reported adjusted earnings of $0.84 per share for the quarter ended April 30, significantly beating analyst estimates of $0.76. Revenue came in at $678.03 million, surpassing the expected $667 million and representing a 22.57% increase from the same period last year. The company's calculated billings, a key metric for future revenue, grew by 25% year-over-year to $784.5 million.

Adding to the positive sentiment, Zscaler raised its full-year guidance, now expecting revenue between $2.659 billion and $2.661 billion, up from its previous forecast of $2.640 billion to $2.654 billion. Non-GAAP earnings per share for the full year are projected at $3.18 to $3.19, higher than the earlier guidance of $3.04 to $3.09. Both figures exceeded analyst expectations, demonstrating the company's confidence in its growth trajectory. In a separate announcement, Zscaler named Kevin Rubin as its new Chief Financial Officer, a move seen as strategic to support the company's next phase of growth and innovation in the cybersecurity space.

The strong results and optimistic outlook have prompted numerous analysts to raise their price targets for Zscaler. Notably, Jefferies analyst Joseph Gallo described the company's performance as "A+ Performance in a challenging cyber EPS quarter," and raised his price target to $305 from $295. The positive sentiment around Zscaler stands in contrast to the recent trend of weak performance in the cybersecurity sector, with the company outperforming both analyst expectations and its own guidance.