Zscaler Inc ZS reported better-than-expected fiscal fourth-quarter results.
Zscaler said fourth-quarter revenue increased 43% year-over-year to $455.01 million, which beat the consensus estimate of $430.42 million. The company reported quarterly earnings of 64 cents per share, which beat analyst estimates of 49 cents per share.
The company anticipates fiscal first-quarter earnings of 48 to 49 cents per share versus estimates of 45 cents per share. Full-year earnings are expected to be between $2.20 and $2.25 per share versus estimates of $2.10 per share.
Zscaler shares fell 3.8% to trade at $156.54 on Wednesday.
These analysts made changes to their price targets on Zscaler following earnings announcement.
- Oppenheimer increased the price target on Zscaler from $180 to $190. Oppenheimer analyst Ittai Kidron maintained an Outperform rating.
- BMO Capital boosted the price target on Zscaler from $175 to $180. BMO Capital analyst Keith Bachman maintained an Outperform rating.
- Stephens & Co. analyst Brian Colley, meanwhile, reiterated Zscaler with an Overweight and maintained a $190 price target.
- Rosenblatt analyst Catharine Trebnick reiterated Zscaler with a Buy and maintained a $185 price target.
- Needham analyst Alex Henderson reiterated Zscaler with a Strong Buy and maintained a $210 price target.
Read This Next: Top 5 Financial Stocks You'll Regret Missing This Quarter
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Date | ticker | name | Actual EPS | EPS Surprise | Actual Rev | Rev Surprise |
---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.