Zscaler (NASDAQ:ZS – Get Free Report) posted its quarterly earnings data on Tuesday. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.70 by $0.18, Briefing.com reports. The business had revenue of $592.90 million for the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative return on equity of 5.84% and a negative net margin of 3.62%. The business’s revenue was up 30.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.17) earnings per share.
Zscaler Price Performance
Shares of Zscaler stock opened at $193.19 on Wednesday. The firm has a market cap of $29.20 billion, a PE ratio of -378.80 and a beta of 0.85. The company’s fifty day simple moving average is $189.34 and its two-hundred day simple moving average is $188.72. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 1.04. Zscaler has a 12-month low of $146.59 and a 12-month high of $259.61.
Insider Buying and Selling at Zscaler
In other news, CFO Remo Canessa sold 7,981 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $177.21, for a total value of $1,414,313.01. Following the completion of the sale, the chief financial officer now directly owns 243,486 shares of the company’s stock, valued at approximately $43,148,154.06. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 19.20% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Zscaler
Zscaler Company Profile
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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