Zscaler Q1 Adj $0.67 Beats $0.49 Estimate, Sales $496.70M Beat $474.74M Estimate
Portfolio Pulse from Benzinga Newsdesk
Zscaler (NASDAQ:ZS) reported Q1 adjusted earnings of $0.67 per share, surpassing the $0.49 estimate, a 131.03% increase from last year. Sales reached $496.70M, exceeding the $474.74M estimate, marking a 39.70% increase from the previous year.
November 27, 2023 | 9:06 pm
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POSITIVE IMPACT
Zscaler's Q1 earnings and sales beat estimates with significant year-over-year growth, indicating strong financial performance.
Zscaler's earnings and sales beat not only demonstrates the company's strong performance but also suggests potential investor confidence, likely leading to a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100