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Why Zscaler Stock Popped on Friday

TheMotleyFool 
0 0 31.05.24
Why Zscaler Stock Popped on FridayPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/3967c11c-b755-4d39-87d0-acc853384c80.png
 

The stock of Zscaler (NASDAQ: ZS) ran up 5.8% through 11:40 a.m. ET on Friday after the cybersecurity company reported better than expected sales and earnings in its fiscal 2024 third quarter last night.

Heading into the quarter, analysts forecast Zscaler would earn $0.65 per share, pro forma, on $535.9 million in revenue. In fact, the company reported a profit of $0.88 per share on sales of $553.2 million.

There was much to like in the report. Sales grew 32% year over year, and billings -- which foreshadow future revenue growth -- increased 30%. Free cash flow of $123.1 million was up 66.6% from one year ago.

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Source Fool.com

Zscaler Inc Stock

€157.50
2.310%
Zscaler Inc gained 2.310% today.
The stock is an absolute favorite of our community with 101 Buy predictions and no Sell predictions.
With a target price of 235 € there is a positive potential of 49.21% for Zscaler Inc compared to the current price of 157.5 €.
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