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Zscaler guidance tops estimates after Q3 results beat

Investing.com -- Zscaler reported Thursday fiscal third-quarter results that topped estimates and better-than-expected guidance for the current quarter as demand for cloud security continued to boost new business wins.

Zscaler Inc (NASDAQ:ZS) fell more than 1% in afterhours following the report. 

The company reported EPS of $0.48 on revenue of $418.8 million, topping estimates for $0.42 and $411.7M, respectively.  

Calculated billings grew 40% year-over-year to $482.3M

Looking ahead, the company forecasts adjusted net income per share of approximately $0.49 on revenue of $429M to $431M, compared with estimates for $0.47 on revenue of $426.8M.

For 2023, adjusted net income per share was forecast in a range of $1.63 to $1.64 on revenue of $1.591 billion to $1.592B.

 

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71.4% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.