Zscaler, Inc. (NASDAQ:ZS - Free Report) - Equities researchers at Zacks Research raised their Q3 2024 EPS estimates for Zscaler in a research note issued on Thursday, March 21st. Zacks Research analyst R. Department now forecasts that the company will post earnings of ($0.26) per share for the quarter, up from their prior estimate of ($0.30). The consensus estimate for Zscaler's current full-year earnings is ($0.81) per share. Zacks Research also issued estimates for Zscaler's Q4 2024 earnings at ($0.27) EPS, FY2024 earnings at ($0.86) EPS, Q1 2025 earnings at ($0.30) EPS, Q2 2025 earnings at ($0.26) EPS, Q3 2025 earnings at ($0.29) EPS, Q4 2025 earnings at ($0.31) EPS, FY2025 earnings at ($1.15) EPS, Q1 2026 earnings at ($0.33) EPS, Q2 2026 earnings at ($0.34) EPS and FY2026 earnings at ($1.42) EPS.
Zscaler (NASDAQ:ZS - Get Free Report) last released its earnings results on Thursday, February 29th. The company reported ($0.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.24) by $0.08. The business had revenue of $525.00 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative net margin of 7.32% and a negative return on equity of 14.60%.
Other equities analysts have also issued research reports about the stock. Robert W. Baird upped their price objective on shares of Zscaler from $255.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, March 1st. Stephens boosted their target price on shares of Zscaler from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 28th. JMP Securities reissued a "market outperform" rating and set a $270.00 target price on shares of Zscaler in a research report on Friday, March 1st. KeyCorp started coverage on shares of Zscaler in a research report on Wednesday, January 17th. They set a "sector weight" rating for the company. Finally, BMO Capital Markets decreased their target price on shares of Zscaler from $268.00 to $255.00 and set an "outperform" rating for the company in a research report on Friday, March 1st. Six equities research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $230.55.
Check Out Our Latest Stock Report on ZS
Zscaler Stock Down 0.5 %
Shares of NASDAQ ZS traded down $0.88 during trading on Monday, hitting $194.07. 1,213,295 shares of the company traded hands, compared to its average volume of 2,472,769. The business's fifty day moving average is $227.67 and its 200 day moving average is $199.25. Zscaler has a fifty-two week low of $84.93 and a fifty-two week high of $259.61. The firm has a market capitalization of $29.08 billion, a price-to-earnings ratio of -204.74 and a beta of 0.85. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.98 and a current ratio of 1.98.
Insider Transactions at Zscaler
In other news, Director Karen Blasing sold 7,000 shares of the firm's stock in a transaction dated Wednesday, January 3rd. The shares were sold at an average price of $210.31, for a total value of $1,472,170.00. Following the completion of the sale, the director now directly owns 31,873 shares of the company's stock, valued at approximately $6,703,210.63. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, insider Syam Nair sold 2,893 shares of the firm's stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $193.15, for a total value of $558,782.95. Following the completion of the sale, the insider now directly owns 137,294 shares of the company's stock, valued at approximately $26,518,336.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Blasing sold 7,000 shares of the firm's stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $210.31, for a total transaction of $1,472,170.00. Following the completion of the sale, the director now directly owns 31,873 shares of the company's stock, valued at $6,703,210.63. The disclosure for this sale can be found here. Insiders have sold 40,715 shares of company stock valued at $8,909,342 in the last quarter. Insiders own 19.20% of the company's stock.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. lifted its position in Zscaler by 3.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,398 shares of the company's stock valued at $1,639,000 after acquiring an additional 251 shares during the period. Vanguard Group Inc. raised its holdings in Zscaler by 2.4% in the fourth quarter. Vanguard Group Inc. now owns 8,843,772 shares of the company's stock worth $1,959,426,000 after buying an additional 206,908 shares during the last quarter. Fisher Asset Management LLC raised its holdings in Zscaler by 5.3% in the fourth quarter. Fisher Asset Management LLC now owns 14,657 shares of the company's stock worth $3,247,000 after buying an additional 737 shares during the last quarter. Greenwood Capital Associates LLC raised its holdings in Zscaler by 19.0% in the fourth quarter. Greenwood Capital Associates LLC now owns 3,463 shares of the company's stock worth $767,000 after buying an additional 553 shares during the last quarter. Finally, American International Group Inc. raised its holdings in Zscaler by 3.0% in the fourth quarter. American International Group Inc. now owns 11,805 shares of the company's stock worth $2,616,000 after buying an additional 348 shares during the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.
About Zscaler
(
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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.
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