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Stock impact report

1 Incredible Growth Stock Down 15% That Seems Set to Make a Big Move [Yahoo! Finance]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
2024 third-quarter results (for the quarter ended April 30) were released on May 30 and they suggest the rest of 2024 may be better. Zscaler's stock price climbed 8.5% the day after the company released its latest quarterly report on news that the company's revenue and earnings crushed Wall Street's expectations . More importantly, the stock has kept its foot on the gas since then (it's up 17% so far). Let's look at the reasons this cybersecurity stock could sustain its new-found momentum. Zscaler's beat-and-raise quarter points toward better times for investors Zscaler's fiscal Q3 revenue increased 32% year over year to $553.2 million, well ahead of the $535.9 million consensus estimate. The company's earnings grew at a stronger pace of 83% year over year to $0.88 per share, and that was miles ahead of the $0.65 analyst estimate. The positives didn't end here, as Zscaler raised its full-year revenue guidance to $2.14 billion from the earlier figure of $2.12 billion. It's wo Show less Read more
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