Shares of Zscaler rose, following fiscal third quarter results of the cybersecurity software company.
The company incurred a loss of -43 cents a share compared with a loss of -15 cents a share in the year-earlier quarter. Excluding special items, adjusted profit was 15 cents a share. Analysts polled by FactSet expected a GAAP net loss of -45 cents a share, or an adjusted profit of 7 cents a share.
Revenue climbed to $176.4 million from $110.5 million in the year-ago quarter. Calculated billings, which is revenue plus deferred revenue acquired over the quarter, rose to $225 million from $131.3 million in the year-ago period. FactSet poll showed analysts’ expectations of $163.7 million for revenue and $185.4 million for billings.
Looking ahead, Zscaler projects adjusted earnings of 8 cents to 9 cents a share on revenue of $185 million to $187 million for the fiscal fourth quarter, and about 47 cents a share on revenue of $660 million to $664 million for the year. Analysts had expected earnings of 9 cents on revenue of $173.9 million for the fiscal fourth quarter, and 40 cents a share on revenue of $637.5 million for the year.
ZS's Aroon Indicator triggered a bullish signal on July 24, 2024. Tickeron's A.I.dvisor detected that the AroonUp green line is above 70 while the AroonDown red line is below 30. When the up indicator moves above 70 and the down indicator remains below 30, it is a sign that the stock could be setting up for a bullish move. Traders may want to buy the stock or look to buy calls options. A.I.dvisor looked at 284 similar instances where the Aroon Indicator showed a similar pattern. In of the 284 cases, the stock moved higher in the days that followed. This puts the odds of a move higher at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an antivirus & cloud security platform
Industry PackagedSoftware