Zscaler IncZscaler is the subject of the earnings preview, with expected revenue growth and history of beating estimates.
Zscaler is set to report its quarterly earnings this Thursday afternoon, with analysts expecting revenue to grow 22% year on year, in line with the 21.3% increase recorded in the same quarter last year. The cloud security platform beat revenue expectations last quarter, reporting $850.5 million, up 25.4% year on year, and also exceeded adjusted operating income estimates. Analysts have generally reconfirmed their estimates over the past 30 days, and Zscaler has a history of surpassing Wall Street expectations. In the cybersecurity segment, peers Palo Alto Networks and Qualys have already reported strong results, with Palo Alto Networks growing revenue 34.4% and Qualys up 11%, and Qualys shares rose 13.8% following its report. Zscaler shares have gained 15% over the past month, and the average analyst price target stands at $198.88, compared to the current share price of $177.58.
Zscaler IncZscaler is the subject of the earnings preview, with expected revenue growth and history of beating estimates.
Qualys IncQualys reported strong results and its shares rose 13.8%, indicating positive earnings impact.
ZSCALER INC. DL-,001
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