Zscaler Sees Q2 Adj. EPS $0.57-$0.58 vs $0.51 Est., Revenue $505M-$507M vs $496.67M Est.
Portfolio Pulse from Benzinga Newsdesk
Zscaler reported its Q2 adjusted earnings per share (EPS) guidance to be between $0.57 and $0.58, surpassing the estimated $0.51. The company also expects revenue to be between $505 million and $507 million, which is higher than the estimated $496.67 million.
November 27, 2023 | 9:07 pm
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POSITIVE IMPACT
Zscaler's Q2 adjusted EPS and revenue forecasts exceed analyst estimates, indicating a potential positive impact on its stock price in the short term.
Zscaler's guidance for both adjusted EPS and revenue for Q2 is higher than analyst expectations, which is typically a positive signal for investors and can lead to an increase in stock price as the market reacts to the potential for better-than-expected financial performance.
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IMPORTANCE 90
RELEVANCE 100