Is Zscaler Stock a Buy Now?
Zscaler's (NASDAQ: ZS) stock price surged 12% during after-hours trading on Sept. 8 following the release of its fiscal 2022 fourth-quarter earnings report (for the quarter ending July 31). The cloud-based cybersecurity company's revenue rose 61% year over year to $318.1 million, which beat analysts' estimates by $12.5 million, as its billings rose 57% to $520.4 million. Its adjusted net income increased 79% year over year to $36.4 million, or $0.25 per share, which also cleared the consensus forecast by four cents.
Those headline numbers were impressive, but should investors still buy Zscaler's stock in this challenging market for hypergrowth stocks? Let's review its business model, growth rates, and valuations to decide.
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Source Fool.com
