Zscaler Delivers Upbeat Q4 Guidance: 7 Analysts Cut Forecasts On 'Incremental Risk'
Portfolio Pulse from Priya Nigam
Zscaler Inc (NASDAQ:ZS) reported strong fiscal Q4 results, but its shares fell due to concerns over its fiscal 2025 guidance. Despite beating revenue and billings expectations, analysts cut price targets citing incremental risks and back-end loaded billings guidance.
September 04, 2024 | 4:12 pm
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Zscaler reported strong Q4 results, exceeding revenue and billings expectations. However, its fiscal 2025 guidance raised concerns due to back-end loaded billings and lower earnings guidance, leading to a 16.10% drop in share price.
Zscaler's strong Q4 results were overshadowed by concerns over its fiscal 2025 guidance, which is back-end loaded and below earnings expectations. This led to a significant drop in share price and analysts cutting price targets, indicating a negative short-term impact.
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