Zscaler (ZS) to Release Earnings on Monday

Zscaler (NASDAQ:ZS) is scheduled to be issuing its quarterly earnings data after the market closes on Monday, December 2nd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

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

Zscaler Trading Up 1.8 %

Shares of NASDAQ ZS opened at $210.96 on Monday. The stock has a fifty day moving average price of $186.49 and a 200 day moving average price of $183.69. Zscaler has a 12-month low of $153.45 and a 12-month high of $259.61. The company has a market cap of $32.17 billion, a P/E ratio of -527.39 and a beta of 0.82.

Wall Street Analyst Weigh In

ZS has been the topic of several analyst reports. Barclays lifted their price target on shares of Zscaler from $200.00 to $220.00 and gave the stock an “overweight” rating in a research note on Thursday. Robert W. Baird lowered their price objective on Zscaler from $260.00 to $225.00 and set an “outperform” rating for the company in a research note on Wednesday, September 4th. Wedbush decreased their price target on shares of Zscaler from $260.00 to $220.00 and set an “outperform” rating for the company in a research report on Wednesday, September 4th. Wells Fargo & Company decreased their price objective on shares of Zscaler from $182.00 to $180.00 and set an “equal weight” rating for the company in a report on Wednesday, September 4th. Finally, Stifel Nicolaus upped their target price on shares of Zscaler from $220.00 to $235.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Ten research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Zscaler currently has a consensus rating of “Moderate Buy” and a consensus price target of $218.55.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 4,947 shares of the firm’s stock in a transaction dated Monday, September 30th. The shares were sold at an average price of $170.22, for a total value of $842,078.34. Following the completion of the transaction, the insider now directly owns 107,241 shares in the company, valued at $18,254,563.02. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Andrew William Fraser Brown sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, September 23rd. The stock was sold at an average price of $174.10, for a total transaction of $1,392,800.00. Following the completion of the transaction, the director now directly owns 25,907 shares of the company’s stock, valued at $4,510,408.70. This represents a 23.59 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is owned by corporate insiders.

About Zscaler

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.