Zscaler, Inc. (NASDAQ:ZS) the leader in cloud security, is expected to report fourth quarter earnings results, after market close, on Wednesday 9th September 2020.
Analysts polled by Thomson Reuters anticipate fourth quarter income of $ 0.03 per share.
Looking ahead, the full year income are expected at $ 0.21 per share on the revenues of $ 424.00 million.
The Company Outlook
Revenue for 4Q20 are expected in a range of $ 117.00 million ~ $ 119.00 million
Full Year 2020 topline are forecasted in a range of$ 422.00 million ~ $ 424.00 million, where as bottomline are predicted in a range of $ 0.20 ~ $ 0.21 per share
Click Here For More Historical Outlooks Of Zscaler, Inc.
Previous Quarter Performance
Zscaler, Inc. recorded income for the third quarter of $ 0.07 per share, from the revenue of $ 110.52 million. The quarterly earnings improved 40.00 percent compared with the same quarter last year. Wall street analysts are predicting, ZS to report 3Q20 income of $ 0.02 per share from revenue of $ 106.30 million. The bottom line results beat street analysts by $ 0.05 or 250.00 percent, at the same time, top line results outshined analysts by $ 4.22 million or 3.97 percent.
Stock Performance
Shares of Zscaler, Inc. traded low $ -1.17 or -0.87 percent on Tuesday, reaching $ 133.17 with volume of 2.56 million shares. Zscaler, Inc. has traded high as $ 137.37 and has cracked $ 129.02 on the downward trend
According to the previous trading day, closing price of $ 133.17, representing a 283.83 % increase from the 52 week low of $ 35.00 and a 17.99 % decrease over the 52 week high of $ 163.80.
The company has a market capital of $ 17.38 billion and is part of the Technology sector and Software – Infrastructure industry.
Recent Analyst recommendations
- On 21st August 2020, maintained by Bank of America at Buy rating, with $ 150.00 target price.
- On 21st August 2020, initiated by Loop Capital at Buy rating, with $ 160.00 target price.
- On 20th August 2020, initiated by Deutsche Bank at Buy rating, with $ 171.00 target price.
Conference Call
Zscaler, Inc. will be hosting a conference call at 4:30 PM eastern time on 9th September 2020, to discuss its 4Q20 financial results with the investment community. 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.
