Fresh Insights on Zscaler's Future Earnings and Analyst Ratings
Zscaler, Inc. Earnings Preview
Zscaler, Inc. (NASDAQ: ZS) is set to announce its earnings results for the fourth quarter soon. Analysts are watching closely as the company aims to provide insights into its financial health and future growth potential.
Quarterly Earnings Expectations
Market analysts anticipate that the San Jose-based tech company will report quarterly earnings of 80 cents per share. This reflects a decrease in earnings compared to the previous year's figure of 88 cents per share. Zscaler is also expected to announce revenue of $707.14 million for the quarter, a substantial increase from $592.87 million recorded in the same period last year.
Recent Partnership Developments
In a significant development, CrowdStrike recently expanded its partnership with Zscaler. This alliance aims to deliver enhanced protection for endpoints, users, and workloads, signaling a strong commitment to cybersecurity in an increasingly digital world.
Stock Performance and Analyst Ratings
Recently, Zscaler stock experienced a slight decline, closing at $277.05, a drop of 1.2%. Market watchers are curious how upcoming earnings will influence stock performance and investor sentiment.
Insightful Analyst Ratings
Many analysts have weighed in on Zscaler's prospects and current stock status. Their insights could guide potential investors:
- Cantor Fitzgerald's Jonathan Ruykhaver labeled Zscaler with an Overweight rating, giving it a price target of $340.
- B. Riley Securities' Erik Suppiger initiated coverage with a Neutral rating, setting a price target of $275.
- Barclays analyst Saket Kalia boosted the price target from $290 to $300 while maintaining an Overweight rating.
- JMP Securities' Trevor Walsh raised the price target from $310 to $355, reaffirming a Market Outperform rating.
- UBS analyst Roger Boyd upgraded Zscaler’s target from $315 to $365 while endorsing a Buy rating.
Why Consider ZS Stock?
As analysts continue to reassess their ratings and targets for Zscaler, potential investors have plenty of information to consider. The company's strong predicted revenue growth and its new partnerships indicate promising developments in the world of cybersecurity.
Frequently Asked Questions
What are analysts predicting for Zscaler's upcoming earnings?
Analysts expect Zscaler to report earnings of 80 cents per share, down from the previous year's 88 cents.
How has Zscaler's stock performed recently?
The stock fell 1.2% to close at $277.05, prompting interest in how upcoming earnings will affect its value.
What recent partnership has Zscaler formed?
Zscaler recently expanded its partnership with CrowdStrike to enhance cybersecurity across various platforms.
Which firms have increased their price targets for Zscaler?
Analysts from Barclays, JMP Securities, and UBS have recently raised their price targets, indicating confidence in Zscaler's future performance.
Why should investors consider ZS stock now?
The combination of anticipated revenue growth, strategic partnerships, and positive analyst sentiment makes ZS an attractive consideration for investors.
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