Zscaler shares fall despite earnings
2022.12.02 07:16
Zscaler shares fall despite earnings
Budrigannews.com – Zscaler Company (NASDAQ), although the company’s results for the first quarter were better than expected, and forecasts for the 1st quarter fell by almost nine. “We have achieved a significant increase in revenue by increasing operating profit and increasing free cash flow, once again complying with the 80 rules,” said Ccaster.
“We have achieved a significant increase in revenue by increasing operating profit and increasing free cash flow, once again complying with the 80 rules. “The settlement account amounted to $340.1 million, again exceeding the estimate of $335.5 million. “By bringing suppliers together, increasing the threat, we see customers moving to our larger platform,” said Zscaler chairman and chief executive officer.
Zscaler expects a profit in the range of 1, 23-1,25 with a yield of 1,525 billion – 1,53 billion, exceeding the average analyst expectation of a profit of $1,18 billion with a sale of $ 1,51 billion.
Zscaler predicts that the current account will be $1,93-1,94 billion for the whole year, which is slightly below the consensus forecast of $1.94 billion. For the second fiscal quarter, Zscaler expects a profit in the range of 0.29 – 0.30, which is higher than in the first quarter.
Zscaler’s results indicate that the company is “adapted to the new macroeconomic realities,” which forced MorganStanley analysts to reduce the target price by 10% to $162. In today’s conditions, a more modest strike and a rate hike should be well received, but the ZS estimate turned out to be really less risky than others.
Analysts in the client ‘s note wrote: “This was partly the basis of the ZS evaluation award compared to high-level peers. ” –
According to Truist analysts, the “weak execution” has “affected” lower accounts, so the stock is trading lower on Friday. At the very least, they will remain valued when purchased in the warehouse of the PO later as “the area of strength to another”.
With the help of digital transformation, cloud security and zero-trust architecture, constant ZS streaming winds are created that benefit from favorable consumption conditions. In addition to expanding opportunities to increase sales, a new product, for example, ZDX, Zscaler for workloads, is now beginning to stimulate customer growth. Analysts suggested to customers: “We confirm our purchase rating, and the prices are in 250 pounds.”
