Cybersecurity company reports net loss but exceeds revenue projections
- Zscaler Inc. beats expectations for latest quarter
- Company reports net loss of $33 million
- Adjusted earnings per share at 67 cents
- Quarterly revenue reaches $497 million
- Calculated billings increase to $457 million
- Company expects revenue of $505 million to $507 million for ongoing quarter
- Full fiscal year revenue projected at $2.09 billion to $2.10 billion
- Adjusted EPS for full year estimated at $2.45 to $2.48
- Zscaler stock down over 6% in after-hours trading
Zscaler Inc. has surpassed expectations for its latest quarter, reporting a net loss of $33 million, or 23 cents a share, compared to $68 million, or 48 cents a share, in the same period last year. Adjusted earnings per share came in at 67 cents, beating the FactSet consensus of 49 cents. The company’s quarterly revenue reached $497 million, up from $356 million the previous year, while calculated billings increased to $457 million. Zscaler expects revenue of $505 million to $507 million for the ongoing quarter and projects full fiscal year revenue of $2.09 billion to $2.10 billion. The company’s stock, however, experienced a decline of over 6% in after-hours trading.
Factuality Level: 8
Factuality Justification: The article provides specific financial information about Zscaler Inc.’s quarterly results and outlook, including net loss, adjusted earnings per share, revenue, and calculated billings. The information is supported by comparisons to previous periods and analyst expectations. The article does not contain any irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. It is focused on providing accurate and objective information about the company’s financial performance.
Noise Level: 3
Noise Justification: The article provides a brief overview of Zscaler Inc.’s financial results and outlook. It includes some relevant information such as the company’s net loss, adjusted earnings per share, and revenue figures. However, it lacks in-depth analysis, context, and actionable insights. The article also includes some irrelevant information about CrowdStrike’s stock performance, which is unrelated to Zscaler. Overall, the article contains mostly factual information but lacks depth and analysis.
Financial Relevance: Yes
Financial Markets Impacted: Shares of Zscaler Inc.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance and outlook of Zscaler Inc., a cybersecurity company. There is no mention of any extreme event.
Public Companies: Zscaler Inc. (ZS)
Key People: Jay Chaudhry (Chief Executive)
Reported publicly:
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