Zscaler (ZS) to Release Quarterly Earnings on Thursday

Zscaler (NASDAQ:ZS – Get Rating) will be announcing its earnings results after the market closes on Thursday, June 1st. Analysts expect the company to announce earnings of $0.42 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

Zscaler (NASDAQ:ZS – Get Rating) last posted its quarterly earnings data on Thursday, March 2nd. The company reported ($0.35) EPS for the quarter, beating the consensus estimate of ($0.43) by $0.08. The business had revenue of $387.60 million for the quarter, compared to the consensus estimate of $363.80 million. Zscaler had a negative return on equity of 50.58% and a negative net margin of 24.08%. On average, analysts expect Zscaler to post $-1 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Zscaler Trading Up 1.7 %

NASDAQ:ZS opened at $126.53 on Thursday. The company has a market cap of $18.36 billion, a P/E ratio of -55.25 and a beta of 0.85. The stock’s fifty day moving average price is $107.30 and its two-hundred day moving average price is $117.61. Zscaler has a 1 year low of $84.93 and a 1 year high of $194.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.01 and a quick ratio of 2.01.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. KGI Securities downgraded Zscaler from an “outperform” rating to a “neutral” rating in a report on Wednesday, March 8th. 888 reaffirmed a “maintains” rating on shares of Zscaler in a research report on Tuesday, May 9th. Citigroup lifted their price objective on Zscaler from $145.00 to $148.00 in a research report on Monday, May 8th. Barclays cut their price objective on Zscaler from $135.00 to $127.00 in a research report on Friday, May 12th. Finally, Capital One Financial started coverage on Zscaler in a research report on Friday, March 17th. They issued an “equal weight” rating and a $125.00 price target on the stock. Fourteen equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $167.68.

Insider Transactions at Zscaler

In other Zscaler news, COO Dali Rajic sold 5,638 shares of Zscaler stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $602,082.02. Following the transaction, the chief operating officer now directly owns 291,182 shares of the company’s stock, valued at $31,095,325.78. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, COO Dali Rajic sold 5,638 shares of the stock in a transaction dated Thursday, March 16th. The shares were sold at an average price of $106.79, for a total transaction of $602,082.02. Following the transaction, the chief operating officer now owns 291,182 shares of the company’s stock, valued at $31,095,325.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Remo Canessa sold 6,229 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $106.79, for a total value of $665,194.91. Following the sale, the chief financial officer now directly owns 295,863 shares in the company, valued at $31,595,209.77. The disclosure for this sale can be found here. Insiders sold a total of 16,412 shares of company stock worth $1,752,637 over the last ninety days. 19.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Zscaler

Institutional investors and hedge funds have recently bought and sold shares of the stock. Toroso Investments LLC purchased a new stake in shares of Zscaler in the first quarter worth approximately $276,000. Advisory Services Network LLC grew its holdings in Zscaler by 45.2% during the first quarter. Advisory Services Network LLC now owns 21,192 shares of the company’s stock valued at $2,476,000 after purchasing an additional 6,598 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in shares of Zscaler in the first quarter valued at approximately $317,000. Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Zscaler by 60.0% in the first quarter. Ilmarinen Mutual Pension Insurance Co now owns 40,000 shares of the company’s stock valued at $4,673,000 after acquiring an additional 15,000 shares during the period. Finally, KB Financial Partners LLC bought a new position in Zscaler in the first quarter worth $39,000. Institutional investors own 45.33% of the company’s stock.

About Zscaler

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Zscaler, Inc engages in the provision of a cloud-based internet security platform. It offers Zero Trust Exchange, Zscaler Client Connector, Zscaler Internet Access, Zscaler Private Access, Zscaler B2B, Zscaler Cloud Protection, and Zscaler Digital Experience. The company was founded by Jagtar Singh Chaudhry and K.