Feb 29, 09:23 PM

Zscaler Beats Earnings, Stock Drops 4.9%; Elastic NV Sees Growth

Elastic NV (ESTC) and Zscaler (ZS) both reported their earnings, with analysts expecting significant year-over-year growth for both companies. Elastic NV was projected to achieve $320.29 million in revenue, marking a 16.65% increase from the previous year, and earnings per share (EPS) of $0.31, an 82.35% rise. Zscaler's expectations were set at $506.40 million in revenue, a 30.65% year-over-year increase, with an EPS of $0.58, up by 56.76%. Despite Zscaler outperforming fiscal second-quarter expectations, its stock fell by 4.9% after hours, reflecting market reactions that diverged from its earnings beat. The performance of Elastic NV's stock post-earnings was not specified, but the company's focus on AI and search capabilities was highlighted as a key driver of results.

#Elastic NV #Zscaler

Written with ChatGPT (GPT-4).