Zscaler Analysts Boost Their Forecasts Following Upbeat Q4 Results
Portfolio Pulse from Lisa Levin
Zscaler Inc (NASDAQ:ZS) reported better-than-expected fiscal Q4 results with a 43% YoY increase in 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. Following the announcement, several analysts increased their price targets on Zscaler. Despite the positive results, Zscaler shares fell 3.8% to trade at $156.54 on Wednesday.
September 06, 2023 | 4:50 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Zscaler reported strong Q4 results, beating estimates, which led to several analysts increasing their price targets. However, the company's shares fell 3.8%.
Zscaler's strong Q4 results and raised price targets by analysts indicate positive sentiment. However, the stock price fell, suggesting that the market had already priced in the positive results or there are other factors at play affecting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100