Zscaler (NASDAQ:ZS) posted its quarterly earnings results on Tuesday. The company reported $0.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.08) by $0.11, Briefing.com reports. The firm had revenue of $93.59 million during the quarter, compared to the consensus estimate of $89.81 million. Zscaler had a negative net margin of 9.46% and a negative return on equity of 9.46%. The company’s revenue was up 47.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.01 earnings per share.
ZS opened at $52.80 on Wednesday. The business’s 50-day moving average is $45.67 and its two-hundred day moving average is $64.77. Zscaler has a 1 year low of $34.21 and a 1 year high of $89.54. The firm has a market capitalization of $6.53 billion, a PE ratio of -440.00 and a beta of 1.22.
Several research analysts have commented on ZS shares. OTR Global downgraded Zscaler from a “mixed” rating to a “negative” rating in a report on Monday, August 19th. Piper Jaffray Companies decreased their target price on Zscaler from $82.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Citigroup assumed coverage on Zscaler in a report on Monday, October 14th. They issued a “neutral” rating and a $50.00 target price for the company. SunTrust Banks assumed coverage on Zscaler in a research report on Wednesday, October 2nd. They set a “buy” rating and a $73.00 price target on the stock. Finally, Cowen cut their price target on Zscaler from $85.00 to $70.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and ten have assigned a buy rating to the stock. Zscaler has an average rating of “Hold” and a consensus target price of $63.05.
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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