Zscaler Earnings Report: Revenue Beats Estimates at $525M, Stock Drops 4.9%
Zscaler's earnings report has been released, with revenue beating estimates at $525M, up 35.45% YoY. Earnings per share were $0.76, up 105.41% YoY, surpassing expectations. The stock had a negative reaction, dropping 4.9% after hours. Analysts had predicted $506.40M in revenue and $0.58 in earnings per share. Despite the stock fall, an analyst sees it as a buying opportunity.
Sources
Mukund Mohan
$ZS Zscaler (ZS) earnings were good, but strange reaction to the stock. Maybe a $PANW in the works Revenue of $525M (+35.45% YoY) beats by $18.60M. EPS of $0.76 (+105.41% YoY) beats by $0.1 https://t.co/uUo5DyRALp
Cory Johnson ⚡️Dive deep into Zscaler's earnings with our analysis. https://t.co/2T85sDO1N9 $ZS 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
- Cory Johnson ⚡️
Decoding Zscaler earnings: the essentials. https://t.co/jxA9oIvKOp $ZS 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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