Zscaler (NASDAQ:ZS) issued an update on its FY 2020 earnings guidance on Tuesday morning. The company provided earnings per share guidance of $0.12-0.15 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.19. The company issued revenue guidance of $395-405 million, compared to the consensus revenue estimate of $402.93 million.Zscaler also updated its Q1 2020 guidance to $0.00-0.01 EPS.
Shares of ZS stock traded down $0.42 on Tuesday, reaching $61.60. 4,673,268 shares of the company were exchanged, compared to its average volume of 2,404,779. The business has a 50-day moving average price of $77.21 and a 200 day moving average price of $72.07. Zscaler has a 1 year low of $30.72 and a 1 year high of $89.54. The company has a market cap of $8.05 billion, a price-to-earnings ratio of -198.71 and a beta of 1.31.
ZS has been the topic of several research reports. OTR Global downgraded shares of Zscaler from a mixed rating to a negative rating in a research note on Monday, August 19th. Rosenblatt Securities started coverage on Zscaler in a research report on Monday. They issued a neutral rating and a $65.00 price target for the company. Wedbush increased their price target on Zscaler from $87.00 to $90.00 and gave the company an outperform rating in a report on Wednesday, July 24th. Piper Jaffray Companies upped their target price on Zscaler from $65.00 to $82.00 and gave the company an overweight rating in a report on Friday, May 31st. Finally, Bank of America set a $77.00 price objective on shares of Zscaler and gave the company a neutral rating in a report on Friday, May 31st. Two investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating, five have assigned 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 $73.71.
In other Zscaler news, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction on Monday, June 17th. The stock was sold at an average price of $77.12, for a total value of $77,120.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 287,113 shares of company stock valued at $23,507,372. 27.40% of the stock is currently owned by insiders.
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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