Zscaler Sees FY24 Adj. EPS $2.45-$2.48 vs $2.24 Est., Revenue $2.09B-$2.10B vs $2.06B Est.
Portfolio Pulse from Benzinga Newsdesk
Zscaler projects FY24 adjusted EPS of $2.45-$2.48, surpassing the estimated $2.24, and forecasts revenue of $2.09B-$2.10B, exceeding the $2.06B estimate.
November 27, 2023 | 9:07 pm
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POSITIVE IMPACT
Zscaler's FY24 EPS and revenue guidance exceed analyst estimates, indicating strong future performance and potential stock price increase.
Zscaler's higher-than-expected earnings per share (EPS) and revenue guidance for FY24 suggest that the company is performing better than analysts anticipated. This positive outlook is likely to instill confidence in investors and could lead to a short-term increase in the stock price as the market reacts to the optimistic projections.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100