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Feb 29, 09:23 PM
Zscaler Stock Falls Despite Beating Revenue and Earnings Estimates: 2Q Rev $525mn, 2Q EPS 76c, 3Q rev $534-536mn
Economics
Business

Zscaler Stock Falls Despite Beating Revenue and Earnings Estimates: 2Q Rev $525mn, 2Q EPS 76c, 3Q rev $534-536mn

Authors
  • MarketWatch
  • Barron's
  • Special Situations 🌐 Research Newsletter (Jay)
7

Zscaler, a cybersecurity company, reported better-than-expected earnings for the second quarter. Despite beating revenue and earnings estimates, the stock fell as the buyside consensus anticipated a bigger beat and raise. Zscaler's 2Q revenue was $525 million against an estimated $508 million, with an EPS of 76c versus an estimated 58c. The company forecasts 3Q revenue between $534-536 million, slightly above the estimated $533 million. Zscaler shares dipped post-earnings, with a pre-market decline of 6% due to a slower revenue growth pace.

Written with ChatGPT (GPT-3).

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