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Image source: The Motley Fool. Zscaler (NASDAQ: ZS)Q3 2023 Earnings CallJun 01, 2023, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you for standing by and welcome to the Zscaler third quarter fiscal year 2023 earnings conference call.
Zscaler (ZS) delivered earnings and revenue surprises of 14.29% and 0.34%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Third Quarter Highlights Revenue grows 46% year-over-year to $418.8 millionCalculated billings grows 40% year-over-year to $482.3 millionDeferred revenue grows 44% year-over-year to $1,175.4 millionGAAP net loss of $46.0 million compared to GAAP net loss of $101.4 million on a year-over-year basis Non-GAAP net income of $74.6 million compared to non-GAAP net income of $24.7 million on a year-over-year basis SAN JOSE, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leade
Investing.com -- Zscaler reported Thursday fiscal third-quarter results that topped estimates and better-than-expected guidance for the current quarter as demand for cloud security continued to boost new business wins.
The increased demand for security and networking products amid the ongoing hybrid work environment and digitization process is likely to have aided Zscaler's (ZS) third-quarter performance.
The Spear Alpha ETF (SPRX) topped the list of the best-performing U.S. equity ETFs in May, gaining 28.3%. The rally was driven by the hype surrounding artificial intelligence (AI) and investors' flight to mega-cap tech stocks.
VMware's (VMW) first-quarter fiscal 2024 performance is likely to have witnessed the benefits of a strong portfolio and an expanding partner base.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The weak consumer demand for PCs, high inventory levels and unfavorable currency exchange rates are likely to have negatively impacted HP Inc.'s (HPQ) performance in the second quarter of fiscal 2023.
Hewlett Packard's (HPE) fiscal second-quarter results are likely to reflect gains from growing demand for its cloud services amid the ongoing digital transformation trend.
Palo Alto Networks' (NASDAQ: PANW) stock surged 8% on May 24 after it posted its latest earnings report. On the basis of generally accepted accounting principles (GAAP), Palo Alto Networks generated a net profit of $108 million, compared to its net loss of $73 million a year earlier. Palo Alto splits its business into three ecosystems: Strata, which houses its on-site firewalls and network security appliances; Cortex, which handles its threat-detection tools powered by artificial intelligence (AI); and Prisma, which hosts its cloud-based security services.
While accelerated digital transformation, acquisitions and partnerships are likely to have boosted Salesforce's (CRM) top line in Q1, cost-cutting initiatives are expected to have driven the bottom line.
Zscaler (ZS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zscaler (ZS) closed at $126.53 in the latest trading session, marking a +1.66% move from the prior day.
Zscaler (ZS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
SAN JOSE, Calif., May 19, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that the company is scheduled to present at the upcoming Bank of America Global Tech Conference in San Francisco. Details for the event are as follows: Bank of America Global Tech Conference in San FranciscoWednesday, June 7, 20239:20 a.m. PST (12:20 p.m. EST) Sessions which offer a webcast will be available on the “Events & Presentations” section of the Zscaler Investor R
Contrary to popular belief, not all tech stocks experienced a massive growth slowdown over the past 18 months. Growth tech stocks like MercadoLibre (NASDAQ: MELI) and Zscaler (NASDAQ: ZS) could drive investor returns as rapid revenue increases and industry leadership bolsters their investment cases. Let's take a closer look at these two supercharged tech stocks and see why each is a buy right now.
Zscaler (ZS) closed the most recent trading day at $118.77, moving +0.35% from the previous trading session.
Former Salesforce and Microsoft Executive Brings Expertise in Scaling Platforms and Organizations to the Industry Leader in Zero Trust Security Syam Nair Chief Technology Officer and EVP of Research and Development SAN JOSE, Calif., May 16, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that Syam Nair has been appointed as the company’s Chief Technology Officer and EVP of Research and Development. In this role, Nair will be responsible for driv
By Louis Juricic and Sarina Isaacs
Moderating inflation and positive commentary from individual cloud companies and analysts propelled these stocks higher.
Zscaler (ZS) strengthens its Digital Experience platform by adding artificial intelligence-powered insights and analysis capabilities for productivity efficiency.
Zscaler (ZS) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
It's difficult to overstate the importance of cybersecurity in today's world. One need only read the headlines for evidence of the devastating effects of these data breaches, hacks, and intrusions. A whopping 83% of companies will fall victim to a data breach, with many suffering more than one, according to the IBM Data Breach Report.
Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.