Zscaler Earnings Preview: Revenue Growth Expected at 22%

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Summary · why it matters

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.

Impact on assets 6

Cybersecurity & Digital Trust▲ · 4 stocks
Zscaler Inc
ZS
▲ PositiveCapitalrelevance

Zscaler is the subject of the earnings preview, with expected revenue growth and history of beating estimates.

Qualys Inc
QLYS
▲ PositiveCapitalrelevance

Qualys reported strong results and its shares rose 13.8%, indicating positive earnings impact.

Artificial Intelligence▲ · 2 stocks