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Zscaler Shares Up 11% on Q4 Beat & Better Than Expected Revenue Outlook

Stock Markets Sep 08, 2022 04:53PM ET
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© Reuters. Zscaler Shares Up 11% on Q4 Beat & Better Than Expected Revenue Outlook
 
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By Davit Kirakosyan

Zscaler (NASDAQ:ZS) shares rose more than 11% after-hours following the company’s reported Q4 results, with EPS of $0.25 coming in better than the consensus estimate of $0.21. Revenue grew 61% year-over-year to $318.1 million, compared to the consensus estimate of $305.43 million.

"Despite the uncertain macroeconomic landscape which continues to evolve, we continue to see favorable demand for our Zero Trust Exchange platform because it makes businesses more secure, simplifies IT, and reduces cost,” said Jay Chaudhry, Chairman and CEO of Zscaler.

The company expects Q1/23 EPS of $0.26. Revenue is expected to be in the range of $339-341 million, better than the consensus estimate of $324.8 million.

For the full 2023-year, the company expects EPS to be in the range of $1.16-$1.18. Revenue is expected in the range of $1.49-1.5 billion, better than the consensus estimate of $1.47 billion.

Zscaler Shares Up 11% on Q4 Beat & Better Than Expected Revenue Outlook
 

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