Zscaler Raises FY24 Revenue Outlook From $2.118B - $2.122B To $2.140B - $2.142B (Est $2.119B), Adj EPS From $2.73 - $2.77 To $2.99 - $3.01 (Est $2.76)
Portfolio Pulse from Benzinga Newsdesk
Zscaler has raised its FY24 revenue outlook from $2.118B - $2.122B to $2.140B - $2.142B, surpassing the estimated $2.119B. Additionally, the company has increased its adjusted EPS forecast from $2.73 - $2.77 to $2.99 - $3.01, exceeding the estimated $2.76.
May 30, 2024 | 8:33 pm
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POSITIVE IMPACT
Zscaler has raised its FY24 revenue and adjusted EPS outlook, surpassing market estimates. This positive revision indicates strong business performance and could lead to a short-term increase in stock price.
The upward revision in both revenue and adjusted EPS forecasts indicates better-than-expected financial performance. This is likely to boost investor confidence and drive the stock price higher in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100