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BUZZ-Wall Street cheers Zscaler’s upbeat outlook and new CFO; shares climb premarket

Reuters
May 30, 2025
BUZZ-Wall Street cheers Zscaler’s upbeat outlook and new CFO; shares climb premarket

** Cloud security company Zscaler's ZS.O shares rise 4.2% to $261.58 premarket

** Co named Kevin Rubin as its chief financial officer and raised its annual results forecast on Thursday

** At least 4 brokerages increased their PT post the results

** RBC remains bullish on co, citing strong quarterly performance, improved outlook, and strategic initiatives like a new CFO and flexible credit offerings

** Co now expects annual earnings between $3.18 and $3.19 per share, against its earlier forecast of $3.04 to $3.09 apiece

** Analysts' average rating is equivalent of "buy"; median PT $244 - data compiled by LSEG

** As of last close, shares up ~39.2% YTD

(Reporting by Rashika Singh in Bengaluru)

((Rashika.Singh@thomsonreuters.com;))

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