Zscaler (ZS) to Acquire Smokescreen Technologies
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Zscaler (ZS) Jumps After Topping Profit, Sale, and Outlook Estimates to Prompt an Upgrade to 'Outperform' at BMO
May 26, 2021 7:17 AM EDTShares of Zscaler (NASDAQ: ZS) have surged 11% today in pre-open trading after the cloud-based information-security company easily surpassed analysts estimates for its April quarter.
ZS made a profit of $0.15 per share on revenue of $176.4 million while analysts were expecting $0.07 per share on sales of $163.7 million. Revenue jumped by 60% compared to a year-ago period while billings jumped 71%.
"We delivered outstanding results for the third quarter, with revenue growth accelerating to 60% year over year and free cash flow reaching a new record. Our Zero Trust Exchange platform is helping customers realize their digital... More
