Zscaler ‘s fiscal first quarter earnings surpassed expectations.
The cloud-based network security company’s non-GAAP net income increased to14 cents a share, from 4 cents a share in the year-ago quarter. Analysts polled by FactSet had expected 6 cents a share.
Revenue increased +52% year-over-year to $142.6 million, compared to analysts' expectation of $132.4 million.
Calculated billings grew 64% year-over-year to $144.7 million
For the fiscal second quarter, Zscaler expected earnings to range between 7 to 8 cents a share, on revenue of $146 million to $148 million. Analyst polled by FactSet is forecasting earnings of 7 cents a share and revenue of $140.2 million.
Looking further ahead, the company is projecting earnings of 37 cents to 38 cents a share for fiscal 2021. It expects revenue to range between $608 million and $612 million. The FactSet consensus is expecting earnings of 31 cents a share and sales of $588.1 million.
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where ZS advanced for three days, in of 349 cases, the price rose further within the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where ZS's RSI Indicator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 54 cases where ZS's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for ZS just turned positive on April 23, 2024. Looking at past instances where ZS's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .
ZS may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ZS declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for ZS entered a downward trend on April 25, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. ZS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 90, placing this stock slightly better than average.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (30.030) is normal, around the industry mean (29.955). P/E Ratio (0.000) is within average values for comparable stocks, (155.220). Projected Growth (PEG Ratio) (1.013) is also within normal values, averaging (2.725). Dividend Yield (0.000) settles around the average of (0.081) among similar stocks. P/S Ratio (14.903) is also within normal values, averaging (55.388).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
an antivirus & cloud security platform
Industry PackagedSoftware