What's Going On With Zscaler Stock Today?

Zscaler Inc ZS shares are trading slightly lower Wednesday after the company reported fiscal fourth-quarter results. Multiple analysts are out with updates following the print. 

Q4 Earnings: Zscaler said fourth-quarter revenue increased 43% year-over-year to $455.01 million, which beat the consensus estimate of $430.42 million, according to Benzinga Pro. The company reported quarterly earnings of 64 cents per share, which beat analyst estimates of 49 cents per share.

"With cyber security as a high priority, IT executives are modernizing their legacy network security with our zero-trust architecture," said Jay Chaudhry, chairman and CEO of Zscaler.

"Our customers are realizing tremendous value from the new services and advanced capabilities delivered on our Zero Trust Exchange platform."

Outlook: Zscaler sees fiscal first-quarter revenue of $472 million to $474 million versus estimates of $464.75 million. Full-year revenue is expected to be between $2.05 billion and $2.065 billion versus estimates of $2.04 billion.

The company anticipates fiscal first-quarter earnings of 48 to 49 cents per share versus estimates of 45 cents per share. Full-year earnings are expected to be between $2.20 and $2.25 per share versus estimates of $2.10 per share. 

See Also: What's Going On With Roku Stock Wednesday?

Analyst Changes: 

• Needham analyst Alex Henderson reiterated Zscaler with a Strong Buy and maintained a $210 price target.
• Oppenheimer analyst Ittai Kidron maintained Zscaler with an Outperform and raised the price target from $180 to $190.
• Rosenblatt analyst Catharine Trebnick reiterated Zscaler with a Buy and maintained a $185 price target.
• BMO Capital analyst Keith Bachman maintained Zscaler with an Outperform and raised the price target from $175 to $180.
• Stephens & Co. analyst Brian Colley reiterated Zscaler with an Overweight and maintained a $190 price target.

ZS Price Action: Zscaler shares were down 1.96% at $159.55 at the time of writing, per Benzinga Pro.

Photo: Kris from Pixabay.