Zscaler Inc. - cybersecurity firm (ZS) Message Board

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Technology Stocks : Zscaler Inc. - cybersecurity firm (ZS)

ZS 331.14

+2.8%

Oct 31 9:30 AM EDT

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From: Lynn	6/11/2018 10:45:08 PM
	of 17

[June 7, 2018] Zscaler Stock Pops As Cloud Security Specialist Tops Expectations REINHARDT KRAUSE Investor's Business Daily June 7, 2018 Zscaler ( ZS) stock popped Thursday after the cybersecurity firm reported a narrower-than-expected fiscal third-quarter loss with revenue beating estimates. Its shares jumped 23.3% to 37.79 on the stock market today. Late Wednesday, Zscaler reported an adjusted fiscal Q3 loss of 2 cents a share vs. a 5-cent per-share loss a year earlier. Revenue soared 49% to $49.2 million. Analysts had estimated a loss of 8 cents a share on revenue of $46 million for the quarter ended April 30. Zscaler's IPO on March 16 raised $192 million. The initial public offering priced at $16 a share. "First quarter out of the gate, Zscaler reported phenomenal Q3 results with calculated billings growth of 73% vs. street estimate of 42%," said Brad Zelnick, a Credit Suisse analyst in a report. "Calculated billings over-achievement was driven by strong demand for its transformational cloud security platform." Cisco A Competitor For the July quarter, Zscaler forecast a loss of 5 to 6 cents a share and revenue in a range of $50 million to $51 million. Analysts had projected a loss of 9 cents a share and revenue of $48.4 million. Zscaler competes with Cisco Systems ( CSCO) and Symantec ( SYMC). investors.com

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