Zscaler Stock Falls on Billings Decline, Weak Outlook

Investopedia

2024-12-03

Key Takeaways

Shares of Zscaler fell Tuesday, a day after it reported that billings declined sequentially and issued current-quarter guidance at the low end of estimates.
The cybersecurity firm also announced that CFO Remo Canessa would be stepping down.
Zscaler's first-quarter fiscal 2025 profit and revenue beat forecasts.

Zscaler (ZS) shares fell 5% Tuesday, a day after the cloud-based cybersecurity platform reported a slowdown in billings and issued underwhelming guidance. In addition, it announced the company's finance chief would be stepping down.

Zscaler posted first-quarter fiscal 2025 adjusted earnings per share (EPS) of $0.77, with revenue up 26% year-over-year to $628.0 million. Both exceeded forecasts of analysts polled by Visible Alpha.

However, billings came in at $516.7 million, a 43% decline from the previous quarter and the lowest total since the first quarter of fiscal 2024.

Zscaler sees current-quarter adjusted EPS of $0.68 to $0.69 and revenue of $633 million to $635 million. Analysts surveyed by Visible Alpha were looking for $0.69 and $634.8 million, respectively.

CFO To Retire Once Replacement Named

The company also announced that Chief Financial Officer (CFO) Remo Canessa has decided to retire once his replacement is named. Zscaler noted that Canessa's decision "is not the result, in whole or in part, of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices." It added that a search for a new CFO is under way.

Shares of Zscaler are down about 10% year-to-date.

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Zscaler noted that Canessa's decision \"is not the result, in whole or in part, of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.\" It added that a search for a new CFO is under way.<span></span>\n</p>\n<div></div>\n<p> Shares of Zscaler are down about 10% year-to-date.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"818\" width=\"1542\"/>\n<noscript>\n<img height=\"818\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/XuRNu7NugC0SF6Fw9i9B-OzPLfE=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/ZS_2024-12-03_09-31-54-e74ff1840c404dc5972974c81a1b4239.png\" srcset=\"https://www.investopedia.com/thmb/t-65y2l-KNqv2h6msMWVIlnYeG4=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/ZS_2024-12-03_09-31-54-e74ff1840c404dc5972974c81a1b4239.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? 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In addition, it announced the company's finance chief would be stepping down.\n</p>\n<div></div>\n<p> Zscaler posted first-quarter fiscal 2025 adjusted earnings per share (EPS) of $0.77, with revenue up 26% year-over-year to $628.0 million.<span></span> Both exceeded forecasts of analysts polled by Visible Alpha.\n</p>\n<div></div>\n<p> However, billings came in at $516.7 million, a 43% decline from the previous quarter and the lowest total since the first quarter of fiscal 2024.\n</p>\n<div></div>\n<p> Zscaler sees current-quarter adjusted EPS of $0.68 to $0.69 and revenue of $633 million to $635 million. Analysts surveyed by Visible Alpha were looking for $0.69 and $634.8 million, respectively.\n</p>\n<div></div>\n<span></span><h2> <span> CFO To Retire Once Replacement Named </span> </h2>\n<p> The company also announced that Chief Financial Officer (CFO) Remo Canessa has decided to retire once his replacement is named. Zscaler noted that Canessa's decision \"is not the result, in whole or in part, of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.\" It added that a search for a new CFO is under way.<span></span>\n</p>\n<div></div>\n<p> Shares of Zscaler are down about 10% year-to-date.\n</p>\n<div></div>\n<figure> <div>\n<div>\n<img height=\"818\" width=\"1542\"/>\n<noscript>\n<img height=\"818\" sizes=\"750px\" src=\"https://www.investopedia.com/thmb/XuRNu7NugC0SF6Fw9i9B-OzPLfE=/1500x0/filters:no_upscale():max_bytes(150000):strip_icc()/ZS_2024-12-03_09-31-54-e74ff1840c404dc5972974c81a1b4239.png\" srcset=\"https://www.investopedia.com/thmb/t-65y2l-KNqv2h6msMWVIlnYeG4=/750x0/filters:no_upscale():max_bytes(150000):strip_icc()/ZS_2024-12-03_09-31-54-e74ff1840c404dc5972974c81a1b4239.png 750w\" width=\"1542\"/>\n</noscript>\n</div> </div>\n<figcaption> <span><p>TradingView</p></span>\n</figcaption></figure>\n<div><div>Do you have a news tip for Investopedia reporters? Please email us at</div>\n<span>tips@investopedia.com</span></div></div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://www.investopedia.com/zscaler-stock-falls-on-billings-decline-weak-outlook-8754326\">Investopedia</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFO.AU","symbol_name":"CFOAM LTD","start_time":0,"source_url":"https://www.investopedia.com/zscaler-stock-falls-on-billings-decline-weak-outlook-8754326","article_id":"2488940249","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/XTWXNt0ueULv4lx1i73I-mTqzlo=/5197x3465/filters:no_upscale():max_bytes(150000):strip_icc()/GettyImages-1296040796-ad35db7647d440efb32756609d5561a4.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2488940249","pubTimestamp":1733238260,"columns":[],"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Shares of Zscaler fell Tuesday, a day after it reported that billings declined sequentially and issued current-quarter guidance at the low end of estimates.The cybersecurity firm also announced that CFO Remo Canessa would be stepping down.Zscaler's first-quarter fiscal 2025 profit and revenue beat forecasts.Zscaler  shares fell 5% Tuesday, a day after the cloud-based cybersecurity platform reported a slowdown in billings and issued underwhelming guidance. In addition, it announced the company's finance chief would be stepping down.Zscaler posted first-quarter fiscal 2025 adjusted earnings per share  of $0.77, with revenue up 26% year-over-year to $628.0 million. Both exceeded forecasts of analysts polled by Visible Alpha.However, billings came in at $516.7 million, a 43% decline from the previous quarter and the lowest total since the first quarter of fiscal 2024.Zscaler sees current-quarter adjusted EPS of $0.68 to $0.69 and revenue of $633 million to $635 million. Analysts surveyed b","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"CFO.AU":"CFOAM LTD","LU0390134368.USD":"FRANKLIN GLOBAL GROWTH \"A\" (USD) ACC","LU1923622291.USD":"Natixis Thematics Safety R/A USD","ZS":"Zscaler Inc.","BK4560":"网络安全概念","LU2286300806.USD":"Allianz Cyber Security AT Acc USD","BK4588":"碎股","BK7023":"电气部件与设备","BK4585":"ETF&股票定投概念","LU2125909759.SGD":"Natixis Thematics Safety H-R/A SGD","BK4097":"系统软件","CFO":"VictoryShares US 500 Enhanced Volatility Wtd ETF","LU2125909916.SGD":"Natixis Thematics Safety R/A SGD"},"translate_title":"Zscaler股价因账单下降和前景疲软而下跌","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CFO":1,"CFO.AU":1,"ZS":1},"content_text":"Key Takeaways\nShares of Zscaler fell Tuesday, a day after it reported that billings declined sequentially and issued current-quarter guidance at the low end of estimates.The cybersecurity firm also announced that CFO Remo Canessa would be stepping down.Zscaler's first-quarter fiscal 2025 profit and revenue beat forecasts.\n Zscaler (ZS) shares fell 5% Tuesday, a day after the cloud-based cybersecurity platform reported a slowdown in billings and issued underwhelming guidance. In addition, it announced the company's finance chief would be stepping down.\n\n\n Zscaler posted first-quarter fiscal 2025 adjusted earnings per share (EPS) of $0.77, with revenue up 26% year-over-year to $628.0 million. Both exceeded forecasts of analysts polled by Visible Alpha.\n\n\n However, billings came in at $516.7 million, a 43% decline from the previous quarter and the lowest total since the first quarter of fiscal 2024.\n\n\n Zscaler sees current-quarter adjusted EPS of $0.68 to $0.69 and revenue of $633 million to $635 million. Analysts surveyed by Visible Alpha were looking for $0.69 and $634.8 million, respectively.\n\n\n  CFO To Retire Once Replacement Named  \n The company also announced that Chief Financial Officer (CFO) Remo Canessa has decided to retire once his replacement is named. Zscaler noted that Canessa's decision \"is not the result, in whole or in part, of any disagreement with the Company on any matters relating to the Company’s operations, policies or practices.\" It added that a search for a new CFO is under way.\n\n\n Shares of Zscaler are down about 10% year-to-date.\n\n\n \n\n\n\n\n\n \n TradingView\n\nDo you have a news tip for Investopedia reporters? Please email us at\ntips@investopedia.com","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}