Zscaler, Inc. (NASDAQ:ZS) the leader in cloud security, is reporting first quarter earnings results on Wednesday 2nd December 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.06 per share from $ 132.31 million in revenue.
For the full year, analysts predict revenues of $ 588.23 million, while looking forward to income of $ 0.31 per share.
The Company Outlook
Earnings for 1Q21 are anticipated in a range of $ 0.05 ~ $ 0.06 per share, while revenues are expected in a range of $ 131.00 million ~ $ 133.00 million
Full Year 2021 topline are forecasted in a range of$ 580.00 million ~ $ 590.00 million, where as bottomline are predicted in a range of $ 0.28 ~ $ 0.30 per share
Click Here For More Historical Outlooks Of Zscaler, Inc.
Previous Quarter Performance
Zscaler, Inc. unfold income for the fourth quarter of $ 0.05 per share, from the revenue of $ 125.89 million. The quarterly earnings decreased 28.57 percent while revenues up 46.20 percent compared with the same quarter last year.
Wall street analysts are predicting, ZS to report 4Q20 income of $ 0.03 per share from revenue of $ 118.55 million. The bottom line results beat street analysts by $ 0.02 or 66.67 percent, at the same time, top line results outshined analysts by $ 7.34 million or 6.19 percent.
Stock Performance
Shares of Zscaler, Inc. traded low $ -4.07 or -2.61 percent on Tuesday, reaching $ 151.68 with volume of 2.26 million shares. Zscaler, Inc. has traded high as $ 157.32 and has cracked $ 148.00 on the downward trend
According to the previous trading day, closing price of $ 151.68, representing a 345.00 % increase from the 52 week low of $ 35.00 and a 4.91 % decrease over the 52 week high of $ 163.80.
The company has a market capital of $ 20.16 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 30th November 2020, maintained by Needham & Company LLC at Strong Buy rating, with $ 180.00 target price.
- On 25th November 2020, upgraded by Credit Suisse Group to Outperform from Neutral rating.
- On 26th October 2020, initiated by JPMorgan Chase & Co. at Overweight rating, with $ 190.00 target price.
- On 22nd October 2020, maintained by Wedbush at Outperform rating, with $ 175.00 target price.
Conference Call
Zscaler, Inc. will be hosting a conference call at 4:30 PM eastern time on 2nd December 2020, to discuss its 1Q21 financial results with the investment community. The participants may dial, 918-922-3018 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website www.zscaler.com
Zscaler, Inc. operates as a cloud security company worldwide. The companys flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
