Zscaler (ZS) Scheduled to Post Quarterly Earnings on Monday

Zscaler (NASDAQ:ZS - Get Free Report) is set to issue its quarterly earnings data after the market closes on Monday, December 2nd. Analysts expect the company to announce earnings of $0.63 per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Zscaler (NASDAQ:ZS - Get Free Report) last posted its quarterly earnings data on Tuesday, September 3rd. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.09. The firm had revenue of $592.90 million for the quarter, compared to the consensus estimate of $567.46 million. Zscaler had a negative return on equity of 3.46% and a negative net margin of 2.66%. The business's revenue for the quarter was up 30.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.17) EPS. On average, analysts expect Zscaler to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zscaler Stock Down 0.3 %

Shares of Zscaler stock traded down $0.54 during trading on Monday, hitting $210.42. The stock had a trading volume of 1,756,530 shares, compared to its average volume of 2,018,273. The company has a market capitalization of $32.09 billion, a PE ratio of -526.04 and a beta of 0.82. Zscaler has a 1 year low of $153.45 and a 1 year high of $259.61. The stock has a 50 day simple moving average of $187.27 and a 200 day simple moving average of $183.96.

Insider Transactions at Zscaler

In related news, insider Robert Schlossman sold 1,435 shares of the firm's stock in a transaction on Wednesday, October 9th. The stock was sold at an average price of $181.70, for a total transaction of $260,739.50. Following the sale, the insider now owns 105,806 shares of the company's stock, valued at approximately $19,224,950.20. This trade represents a 1.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Andrew William Fraser Brown sold 8,000 shares of the stock in a transaction dated Monday, September 23rd. The stock was sold at an average price of $174.10, for a total value of $1,392,800.00. Following the completion of the sale, the director now owns 25,907 shares of the company's stock, valued at $4,510,408.70. This trade represents a 23.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 30,502 shares of company stock worth $5,256,651. 19.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms have recently issued reports on ZS. Needham & Company LLC reduced their target price on Zscaler from $290.00 to $235.00 and set a "strong-buy" rating for the company in a report on Wednesday, September 4th. Cantor Fitzgerald raised Zscaler to a "hold" rating in a research note on Monday, November 18th. Stifel Nicolaus increased their price target on shares of Zscaler from $220.00 to $235.00 and gave the stock a "buy" rating in a research report on Thursday, November 14th. Robert W. Baird lowered their price objective on shares of Zscaler from $260.00 to $225.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 4th. Finally, Bank of America downgraded shares of Zscaler from a "buy" rating to a "neutral" rating and cut their target price for the stock from $265.00 to $195.00 in a research report on Wednesday, September 4th. Ten analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Zscaler currently has an average rating of "Moderate Buy" and an average target price of $218.55.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.