Zscaler (ZS) Set to Announce Earnings on Monday

Zscaler (NASDAQ:ZS) will release its earnings data after the market closes on Monday, December 2nd. Analysts expect Zscaler to post earnings of $0.63 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, September 3rd. The company reported ($0.05) earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.09. The company had revenue of $592.90 million during the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative net margin of 2.66% and a negative return on equity of 3.46%. The company’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) EPS. On average, analysts expect Zscaler to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zscaler Stock Performance

NASDAQ:ZS opened at $206.59 on Friday. The stock has a 50-day simple moving average of $190.12 and a 200 day simple moving average of $184.72. Zscaler has a one year low of $153.45 and a one year high of $259.61. The company has a market capitalization of $31.70 billion, a price-to-earnings ratio of -516.48 and a beta of 0.82.

Analysts Set New Price Targets

Several brokerages have weighed in on ZS. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $230.00 target price on shares of Zscaler in a research report on Wednesday, September 4th. JMP Securities reaffirmed a “market outperform” rating and issued a $270.00 price objective on shares of Zscaler in a report on Monday, November 4th. BMO Capital Markets reduced their target price on shares of Zscaler from $208.00 to $197.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Scotiabank dropped their price target on shares of Zscaler from $210.00 to $195.00 and set a “sector outperform” rating on the stock in a research note on Wednesday, September 4th. Finally, Bank of America cut Zscaler from a “buy” rating to a “neutral” rating and cut their price target for the company from $265.00 to $195.00 in a report on Wednesday, September 4th. Ten research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $221.13.

Insiders Place Their Bets

In other news, CEO Jagtar Singh Chaudhry sold 2,852 shares of the stock in a transaction dated Tuesday, September 17th. The stock was sold at an average price of $171.28, for a total transaction of $488,490.56. Following the transaction, the chief executive officer now owns 361,432 shares of the company’s stock, valued at approximately $61,906,072.96. This represents a 0.78 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert Schlossman sold 4,947 shares of the business’s stock in a transaction that occurred on Monday, September 30th. The stock was sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the sale, the insider now owns 107,241 shares of the company’s stock, valued at approximately $18,254,563.02. This trade represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,502 shares of company stock valued at $5,256,651 in the last three months. Insiders own 19.20% of the company’s stock.

Zscaler Company Profile

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.