Zscaler Stock Zooms On Q4 Earnings Beat, Revenue Up 43%, Strong Guidance
Portfolio Pulse from Adam Eckert
Zscaler Inc's Q4 revenue increased by 43% YoY to $455.01 million, beating the consensus estimate of $430.42 million. The company reported quarterly earnings of 64 cents per share, surpassing analyst estimates of 49 cents per share. Zscaler also provided strong guidance for the fiscal first quarter and full year, with revenue and earnings per share expected to exceed estimates. The company's shares were trading higher after hours.
September 05, 2023 | 8:28 pm
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POSITIVE IMPACT
Zscaler's better-than-expected Q4 results and strong guidance for the next fiscal year are likely to have a positive impact on its stock price in the short term.
Zscaler's Q4 results exceeded expectations, with revenue and earnings per share both beating estimates. The company's strong guidance for the fiscal first quarter and full year, which also surpasses estimates, indicates continued growth and profitability. This positive financial performance is likely to increase investor confidence and drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100