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May 31, 2022
ZScalar (ZS, $160.00) Q3 earnings tops Zacks Consensus Estimate.

ZScalar (ZS, $160.00) Q3 earnings tops Zacks Consensus Estimate.

Zscaler posted  third-quarter fiscal 2022 earnings that topped Zacks Consensus Estimate.

The company’s non-GAAP earnings came in at 17 cents per share, vs.  Zacks Consensus Estimate of 11 cents per share. The figure is +13.3% higher year over year.

Zscaler’s third-quarter fiscal 2022 revenues rose +63% year-over-year to  $286.8 million, surpassing the Zacks Consensus Estimate of $271.8 million.

For the fourth quarter of fiscal 2022, the company expects revenues between $304 million and $306 million. It projects Non-GAAP earnings at 20-21 cents per share.

Zscaler raised its fiscal 2022 revenues to approximately $1.078 billion, up from the prior guidance of $1.045-$1.05 billion.

Related Tickers: ZS