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 ...

Zscaler, Inc. (NASDAQ:ZS) Q2 2024 Earnings Conference Call February 29, 2024 4:30 PM ET Company Participants Bill Choi - CFA, SVP, Investor Relations and Strategic Finance Jay Chaudhry - Co Founder, CEO & Chairman of the Board Remo Canessa - Chief Financial Officer Conference Call Participants Alex Henderson - Needham & Company Brad Zelnick - Deutsche Bank Andrew Nowinski - Wells Fargo Tal Liani - Bank of America Rob Owens - Piper Stanley Matt Swanson - RBC Roger Boyd - UBS Brian Essex - JPMorgan Peter Levi ...

Zscaler (ZS) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.37 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 31.03%. A quarter ago, it was expected that this cloud-based information security provider would post earnings of $0.49 per share when it actually produced earnings of $0.67, delivering a surprise of 36.73%.Over the last fou ...

Exhibit 99.1 Zscaler Reports Second Quarter Fiscal 2024 Financial Results Second Quarter Highlights SAN JOSE, California - February 29, 2024 - Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its second quarter of fiscal year 2024, ended January 31, 2024. "We delivered strong Q2 results, with billings, revenue and operating profit all coming in above our guidance as customer interest in the Zscaler Zero Trust Exchange platform remains high," said Jay Chaudhry, ...

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 ...

Zscaler (ZS) closed at $249.04 in the latest trading session, marking a -1.47% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.6%. Elsewhere, the Dow saw a downswing of 0.17%, while the tech-heavy Nasdaq depreciated by 0.92%.Heading into today, shares of the cloud-based information security provider had gained 4.94% over the past month, outpacing the Computer and Technology sector's gain of 3.1% and the S&P 500's gain of 3.56% in that time.Market participants will be ...

Yuichiro Chino/Moment via Getty Images Zscaler (NASDAQ:ZS) is in a prime position for the next generation of threat actors, as the company's platforms pose as the gateway between outside traffic breaching a company's data. I believe that the firm is well-positioned in the era of GenAI and, through M&A, will position itself for the future quantum threat actors in the near future. Though the company's top-line growth is nearing a sub-30% growth rate, as management guided, I do believe that the firm still rema ...

The latest trading session saw Zscaler (ZS) ending at $253.86, denoting a -0.42% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow saw an upswing of 0.33%, while the tech-heavy Nasdaq depreciated by 0.3%.Shares of the cloud-based information security provider have appreciated by 10.47% over the course of the past month, underperforming the Computer and Technology sector's gain of 11.35% and outperforming the S&P 500's g ...

Shares of Zscaler (ZS) have been strong performers lately, with the stock up 9.1% over the past month. The stock hit a new 52-week high of $251.32 in the previous session. Zscaler has gained 12.6% since the start of the year compared to the 8.9% move for the Zacks Computer and Technology sector and the 4.9% return for the Zacks Internet - Services industry.What's Driving the Outperformance?The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in an ...

Zscaler (ZS) reached a significant support level, and could be a good pick for investors from a technical perspective. Recently, ZS broke through the 20-day moving average, which suggests a short-term bullish trend.The 20-day simple moving average is a well-liked trading tool because it provides a look back at a stock's price over a 20-day period. Additionally, short-term traders find this SMA very beneficial, as it smooths out short-term price trends and shows more trend reversal signals than longer-term m ...