FY2025 EPS Estimates for Zscaler Raised by Cantor Fitzgerald

Zscaler, Inc. (NASDAQ:ZS) – Equities research analysts at Cantor Fitzgerald increased their FY2025 EPS estimates for Zscaler in a note issued to investors on Tuesday, January 21st. Cantor Fitzgerald analyst J. Ruykhaver now anticipates that the company will post earnings per share of $0.06 for the year, up from their previous estimate of ($0.69). Cantor Fitzgerald currently has a “Hold” rating on the stock. The consensus estimate for Zscaler’s current full-year earnings is ($0.16) per share.

A number of other brokerages have also issued reports on ZS. Royal Bank of Canada reaffirmed an “outperform” rating and set a $230.00 target price on shares of Zscaler in a research report on Tuesday, December 3rd. Stifel Nicolaus boosted their target price on shares of Zscaler from $220.00 to $235.00 and gave the stock a “buy” rating in a research report on Thursday, November 14th. BTIG Research boosted their target price on shares of Zscaler from $205.00 to $238.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. BNP Paribas started coverage on shares of Zscaler in a research report on Tuesday, October 8th. They set a “neutral” rating and a $180.00 target price on the stock. Finally, Wells Fargo & Company lifted their price target on shares of Zscaler from $180.00 to $190.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 4th. Eleven investment analysts have rated the stock with a hold rating and twenty-three have assigned a buy rating to the company. Based on data from MarketBeat.com, Zscaler has an average rating of “Moderate Buy” and an average target price of $225.47.

Zscaler Stock Up 0.4 %

NASDAQ:ZS opened at $193.47 on Friday. Zscaler has a 12 month low of $153.45 and a 12 month high of $259.61. The firm has a market cap of $29.69 billion, a price-to-earnings ratio of -773.88 and a beta of 0.87. The company’s 50 day moving average is $195.05 and its 200-day moving average is $187.79.

Zscaler (NASDAQ:ZS) last posted its earnings results on Monday, December 2nd. The company reported $0.77 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.14. Zscaler had a negative net margin of 1.58% and a negative return on equity of 0.75%. The firm had revenue of $628.00 million during the quarter, compared to analysts’ expectations of $605.51 million. During the same period in the previous year, the company earned ($0.18) earnings per share. The company’s revenue was up 26.4% compared to the same quarter last year.

Institutional Investors Weigh In On Zscaler

Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its holdings in Zscaler by 13.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 160,828 shares of the company’s stock valued at $30,908,000 after purchasing an additional 18,758 shares during the last quarter. Canada Pension Plan Investment Board lifted its holdings in Zscaler by 57.7% during the 2nd quarter. Canada Pension Plan Investment Board now owns 15,436 shares of the company’s stock valued at $2,967,000 after purchasing an additional 5,645 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in Zscaler by 8.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 832 shares of the company’s stock valued at $149,000 after purchasing an additional 66 shares during the last quarter. Xponance Inc. lifted its holdings in Zscaler by 4.6% during the 2nd quarter. Xponance Inc. now owns 16,135 shares of the company’s stock valued at $3,101,000 after purchasing an additional 707 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Zscaler by 62.0% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 17,219 shares of the company’s stock valued at $3,309,000 after purchasing an additional 6,593 shares during the last quarter. Institutional investors and hedge funds own 46.45% of the company’s stock.

Insider Buying and Selling

In other Zscaler news, insider Syam Nair sold 3,682 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total transaction of $737,578.24. Following the completion of the transaction, the insider now owns 142,866 shares of the company’s stock, valued at $28,618,917.12. This represents a 2.51 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Remo Canessa sold 3,703 shares of the company’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of $200.32, for a total value of $741,784.96. Following the transaction, the chief financial officer now directly owns 220,635 shares of the company’s stock, valued at approximately $44,197,603.20. This trade represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 10,248 shares of company stock valued at $2,052,879. 18.10% of the stock is owned by corporate insiders.

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.