Zscaler Inc. (ticker: $ZS) reported its fiscal Q2 2025 earnings, achieving a revenue of $647.9 million, which represents a 23% increase year-over-year and exceeds analyst estimates of $635.6 million. The company also reported an adjusted earnings per share (EPS) of $0.78, surpassing expectations of $0.69. Despite a net loss of $7.7 million, Zscaler's calculated billings grew by 18% year-over-year to $742.7 million. For the upcoming Q3, Zscaler has guided revenue between $665 million and $667 million, slightly below the consensus estimate of $667.25 million. The company raised its full-year revenue guidance to a range of $2.64 billion to $2.65 billion, ahead of previous estimates. Following the earnings report, Zscaler's stock rose by 6% in after-hours trading, reflecting positive market sentiment. Analysts have also upgraded the stock's rating to 'Buy' from 'Neutral', with price targets ranging from $235 to $250, citing strong demand for its Zero Trust security solutions and improved sales execution.