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Zscaler lifts annual guidance after Q1 results top Wall Street estimates

Investing.com -- Zscaler lifted its annual guidance Monday after reporting fiscal first-quarter results that topped Wall Street estimates as demand for  was boosted by ongoing enterprise spending on cybersecurity. 

Zscaler Inc (NASDAQ:ZS) was down more than 6% in afterhours trading. 

For the three months ended on Oct. 31, the cybersecurity company reported adjusted EPS of $0.67 on revenue of $496.7 million . Analysts polled by Investing.com had expected EPS of $0.49 and revenue of $473.4M. 

Calculated billings grew 34% year-over-year to $456.6M, but that was slower than the 38% growth seen in the prior quarter. 

Looking ahead to its fiscal second-quarter, the company projected adjusted EPS of $0.57 to $0.58 on revenue of $505M to $507M, compared with estimates for $0.51 on revenue of $496.7M, respectively.

For its fiscal 2024, adjusted EPS was seen in a range of $2.45 to $2.48 on revenue of roughly $2.09B to $2.10B. That compared with a prior forecast for adjusted EPS in a range of $2.20 to $2.25 on revenue of $2.05B to $2.07B.

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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.