Equities analysts expect Zscaler Inc (NASDAQ:ZS) to post $66.10 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Zscaler’s earnings, with the highest sales estimate coming in at $66.50 million and the lowest estimate coming in at $65.70 million. The business is scheduled to report its next earnings results on Tuesday, March 5th.
According to Zacks, analysts expect that Zscaler will report full year sales of $267.05 million for the current financial year, with estimates ranging from $256.62 million to $271.99 million. For the next financial year, analysts expect that the company will post sales of $347.27 million, with estimates ranging from $334.81 million to $365.86 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Zscaler.
Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Tuesday, December 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $58.66 million. The firm’s revenue was up 58.6% compared to the same quarter last year.
ZS has been the subject of several recent research reports. Zacks Investment Research lowered shares of Zscaler from a “hold” rating to a “sell” rating in a research note on Saturday, October 13th. Needham & Company LLC increased their target price on shares of Zscaler from $45.00 to $47.50 and gave the company a “strong-buy” rating in a research note on Thursday, September 6th. Morgan Stanley increased their target price on shares of Zscaler from $40.00 to $41.00 and gave the company an “equal weight” rating in a research note on Thursday. Credit Suisse Group increased their target price on shares of Zscaler from $38.00 to $46.00 and gave the company an “outperform” rating in a research note on Thursday, September 6th. Finally, Wedbush initiated coverage on shares of Zscaler in a research note on Thursday, October 18th. They set an “outperform” rating and a $48.00 target price for the company. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. Zscaler currently has a consensus rating of “Hold” and a consensus target price of $37.58.
Zscaler stock opened at $40.39 on Wednesday. Zscaler has a 12-month low of $24.76 and a 12-month high of $48.24.
In related news, EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction that occurred on Thursday, December 6th. The shares were sold at an average price of $40.12, for a total value of $192,856.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Robert Schlossman sold 45,000 shares of the company’s stock in a transaction that occurred on Friday, November 2nd. The shares were sold at an average price of $38.73, for a total transaction of $1,742,850.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 290,035 shares of company stock valued at $11,728,464. Company insiders own 27.40% of the company’s stock.
Several large investors have recently modified their holdings of ZS. BlackRock Inc. purchased a new stake in shares of Zscaler in the 1st quarter valued at approximately $114,000. Optimum Investment Advisors lifted its position in shares of Zscaler by 240.0% in the 3rd quarter. Optimum Investment Advisors now owns 3,400 shares of the company’s stock valued at $139,000 after acquiring an additional 2,400 shares in the last quarter. Logan Capital Management Inc. purchased a new stake in shares of Zscaler in the 3rd quarter valued at approximately $204,000. LPL Financial LLC purchased a new stake in shares of Zscaler in the 3rd quarter valued at approximately $206,000. Finally, Stevens Capital Management LP purchased a new stake in shares of Zscaler in the 2nd quarter valued at approximately $211,000. Institutional investors and hedge funds own 24.46% of the company’s stock.
Zscaler, Inc operates as a cloud security company worldwide. The company's 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.
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