Zscaler Q3 Adjusted EPS Beats, Revenue Up 25% on AI Security Demand; Full-Year Outlook Raised
ZS sits 35% above its 52-week low of $114.625 on elevated volume (2.7× avg).
Summary
Zscaler reported strong fiscal Q3 results, with adjusted EPS of $1.08 significantly beating analyst estimates and revenue rising 25% to $850.5 million, also surpassing forecasts. The company attributed sales growth to increased customer demand for AI cyberattack protection. While GAAP net loss widened to $13.9 million, Zscaler raised its full-year revenue outlook to approximately $3.33 billion and adjusted EPS guidance to $4.10-$4.11. However, current quarter revenue guidance of $875 million to $878 million slightly missed analyst projections.
At the time of this announcement, ZS was trading at $155.18 on NASDAQ in the Technology sector, with a market capitalization of approximately $29.7B. The 52-week trading range was $114.63 to $336.99. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.