Zscaler (NASDAQ:ZS – Get Free Report) announced its quarterly earnings results 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 firm had revenue of $592.90 million during the quarter, compared to analysts’ expectations of $567.46 million. Zscaler had a negative net margin of 3.62% and a negative return on equity of 5.84%. The company’s revenue was up 30.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.17) EPS.
Zscaler Trading Down 3.4 %
NASDAQ:ZS opened at $193.19 on Wednesday. The firm has a market capitalization of $29.20 billion, a P/E ratio of -378.80 and a beta of 0.85. The business has a 50 day simple moving average of $189.34 and a 200 day simple moving average of $188.72. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.75 and a quick ratio of 1.75. Zscaler has a 12-month low of $146.59 and a 12-month high of $259.61.
Insider Activity
In related news, CFO Remo Canessa sold 4,689 shares of the stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $180.93, for a total value of $848,380.77. Following the completion of the transaction, the chief financial officer now directly owns 251,467 shares of the company’s stock, valued at approximately $45,497,924.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 19.20% of the company’s stock.
Wall Street Analyst Weigh In
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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