The Cloud Zsccaler safety platform (NASDAQ: ZS) will report results this Tuesday afternoon. Here is what investors should know.
Zscaler beat the expectations of analysts’ income of 1.6% in the last quarter, declaring revenues of $ 678 million, up 22.6% over a year. It was a very solid quarter for the company, with EPS guidelines in anterior year exceeding the expectations of analysts and a solid rhythm of the annual estimates of the recurring income of analysts.
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This quarter, analysts expect Zscaler’s turnover to increase 19.4% over a year to $ 707.7 million, slowing down the 30.3% increase in the same quarter last year. The adjusted profits should reach $ 0.80 per share.
The majority of analysts covering the company have reconfirmed their estimates in the last 30 days, suggesting that they anticipate the company to remain the course before income. Zscaler has only missed Wall Street income estimates only once in the past two years, exceeding high -level expectations of 3%on average.
Looking at the peers of Zscaler in the cybersecurity segment, some have already reported their T2 results, which gives us an indication about what we can expect. Palo Alto networks have recorded an annual sliding income growth of 15.8%, beating analysts’ expectations by 1.4%, and Varonis Systems declared revenues up 16.7%, exceeding estimates of 2.8%. Palo Alto networks increased by 3% after the results while Varonis Systems also increased by 5.3%.
Read our complete analysis of the results of Palo Alto Networks here and the results of Varonis Systems here.
There was a positive feeling among investors in the cybersecurity segment, with equity prices on average of 3.2% in the last month. Zscaler fell 3.1% in the same time and went to profit with an average analyst course target of $ 316.75 (compared to the current share of the $ 277.09).
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