Zscaler Sees FY24 EPS $2.20-$2.25 Vs $2.10 Est.; Revenue $2.05B-$2.065B Vs $2.04B Est.
Portfolio Pulse from Happy Mohamed
Zscaler has provided its financial guidance for FY24, expecting revenue of $2.05B-$2.065B, calculated billings of $2.52B-$2.56B, non-GAAP income from operations of $330M-$340M, and non-GAAP net income per share of $2.20-$2.25. The company also noted that an extension of the useful lives of its servers and networking equipment from four to five years will result in a 50 basis point benefit to its gross margin for FY24.
September 05, 2023 | 8:09 pm
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POSITIVE IMPACT
Zscaler's FY24 guidance exceeds estimates, which could positively impact its stock. The extension of the useful lives of its servers and networking equipment could also improve its financial performance.
Zscaler's FY24 guidance exceeds estimates, which could lead to positive investor sentiment and a potential increase in its stock price. Additionally, the extension of the useful lives of its servers and networking equipment could result in cost savings and improved financial performance, further boosting investor confidence.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100