The price trend for Zscaler (ZS) has been bearish lately and the stock has lost 16.8% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bu ...

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Zscaler (ZS) .Zscaler currently has an average brokerage recommen ...

Investors were not impressed with Zscaler's (ZS -0.57%) latest results for the second quarter of fiscal 2024 (for the three months ended Jan. 31), which were released on Feb. 29, as shares of the cybersecurity specialist fell more than 9% following the report.However, it was surprising to see investors press the panic button. The cybersecurity specialist not only crushed Wall Street's revenue and earnings estimates but also guided strongly for the current quarter. Let's take a closer look at Zscaler's quart ...

Zscaler (ZS) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Over the past month, shares of this cloud-based information security provider have returned -17.3%, compared to the Zacks S&P 500 composite's +3.2% change. During this period, the Zacks Internet - Services industry, which Zscaler falls in, has lost 7.8%. The key question now is: What could be the stock's future directi ...

Zscaler (ZS) reported $525 million in revenue for the quarter ended January 2024, representing a year-over-year increase of 35.5%. EPS of $0.76 for the same period compares to $0.37 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $507.56 million, representing a surprise of +3.44%. The company delivered an EPS surprise of +31.03%, with the consensus EPS estimate being $0.58.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended January 31, 2024 OR and uncertainty regarding compliance approaches TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _to_ Commission File Number: 001-38413 ZSCALER, INC. (Exact Name of Registrant as Specified in its Charter) De ...

Zscaler, Inc. (NASDAQ:ZS) Morgan Stanley Technology, Media & Telecom Conference March 6, 2024 10:15 AM ET Company Participants Jay Chaudhry - CEO, Chairman and Founder Conference Call Participants Hamza Fodderwala - Morgan Stanley Hamza Fodderwala Okay. Good morning, everybody. Welcome to day three of our Morgan Stanley TMT Conference. This morning, I'm very delighted to have Jay Chaudhry, CEO, Chairman and Founder of Zscaler. Jay, thank you so much for joining us. Jay Chaudhry Thank you, Hamza. Question-an ...

In this video, I will cover Zscaler's (ZS -1.99%) latest earnings report and some key points mentioned during the call and explain why the stock crashed after earnings.*Stock prices used were from the trading day of Feb. 29, 2024. The video was published on March 3, 2024. ...

Zscaler (ZS) reported better-than-expected second-quarter fiscal 2024 results. The company posted second-quarter fiscal 2024 non-GAAP earnings of 76 cents per share, which beat the Zacks Consensus Estimate of 58 cents. It reported non-GAAP earnings of 37 cents in the year-ago quarter.Zscaler’s second-quarter fiscal 2024 revenues were $525 million, which surpassed the Zacks Consensus Estimate by 3.42% and increased 35% year over year.Top-Line DetailsDuring the second quarter, Zscaler’s calculated billings in ...

Key PointsZscaler had another beat-and-raise quarter, catalyzing the analysts to defend their positions and raise price targets. The post-release plunge is a knee-jerk reaction to slowing growth and a buy-the-dip opportunity. Cash flow is robust, aiding balance sheet improvements and increasing shareholder equity. 5 stocks we like better than ZscalerZscaler NASDAQ: ZS had a robust Q2 and raised its guidance, but it was not enough to lift the market. The results and valuation suggest the stock is priced to p ...