Zscaler (NASDAQ:ZS) released its earnings results on Tuesday. The company reported ($0.02) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.06, Morningstar.com reports. Zscaler had a negative return on equity of 10.95% and a negative net margin of 11.12%. The firm had revenue of $86.11 million during the quarter, compared to the consensus estimate of $82.15 million. Zscaler updated its Q1 2020 guidance to $0.00-0.01 EPS and its FY 2020 guidance to $0.12-0.15 EPS.
Shares of ZS stock opened at $49.67 on Thursday. The company has a market cap of $7.79 billion, a price-to-earnings ratio of -160.23 and a beta of 1.29. The stock has a 50 day simple moving average of $76.08 and a 200-day simple moving average of $72.13. Zscaler has a 1-year low of $30.72 and a 1-year high of $89.54.
In related news, Director Karen Blasing sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $77.12, for a total transaction of $77,120.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Amit Sinha sold 4,807 shares of the business’s stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $65.52, for a total value of $314,954.64. Following the sale, the insider now owns 127,664 shares of the company’s stock, valued at $8,364,545.28. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 189,774 shares of company stock valued at $15,730,959. Corporate insiders own 27.40% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of ZS. Tortoise Index Solutions LLC purchased a new stake in shares of Zscaler during the first quarter worth approximately $25,000. CSat Investment Advisory L.P. purchased a new stake in Zscaler in the 2nd quarter valued at $25,000. Meadow Creek Investment Management LLC purchased a new stake in Zscaler in the 2nd quarter valued at $32,000. Neuburgh Advisers LLC purchased a new stake in Zscaler in the 2nd quarter valued at $44,000. Finally, Wealthcare Advisory Partners LLC grew its holdings in Zscaler by 211.1% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 700 shares of the company’s stock valued at $50,000 after buying an additional 475 shares in the last quarter. Hedge funds and other institutional investors own 33.49% of the company’s stock.
ZS has been the subject of a number of analyst reports. Piper Jaffray Companies decreased their price target on Zscaler from $82.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday. OTR Global downgraded Zscaler from a “mixed” rating to a “negative” rating in a report on Monday, August 19th. UBS Group boosted their price target on Zscaler from $60.00 to $70.00 and gave the company a “neutral” rating in a report on Friday, May 31st. Barclays decreased their price target on Zscaler from $80.00 to $54.00 and set an “equal weight” rating for the company in a report on Wednesday. Finally, Zacks Investment Research downgraded Zscaler from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Zscaler has a consensus rating of “Hold” and a consensus target price of $68.56.
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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