What's Going On With Zscaler Stock Today?
Portfolio Pulse from Adam Eckert
Zscaler Inc's shares are trading slightly lower despite reporting a 43% YoY increase in Q4 revenue to $455.01 million, beating the consensus estimate of $430.42 million. The company also reported quarterly earnings of 64 cents per share, surpassing analyst estimates of 49 cents per share. For the fiscal first quarter, Zscaler anticipates revenue of $472 million to $474 million and earnings of 48 to 49 cents per share. Multiple analysts have reiterated or maintained their ratings, with price targets ranging from $175 to $210.
September 06, 2023 | 1:27 pm
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Zscaler's stock is trading lower despite strong Q4 results and positive outlook. Analysts maintain positive ratings with price targets from $175 to $210.
Despite beating Q4 estimates and providing a positive outlook, Zscaler's stock is trading lower. This could be due to market volatility or other factors not directly related to the company's performance. However, the positive ratings and price targets from analysts suggest potential for growth in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100