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Sept. 10, 2019, 4:24 p.m. EDT

Zscaler stock drops as earnings outlook disappoints

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By Wallace Witkowski

ZS

Zscaler Inc. /zigman2/quotes/203585803/composite ZS -3.63% shares fell in the extended session Tuesday after the cloud security company's earnings outlook came in below Wall Street estimates. Zscaler shares dropped 17% after hours, following a 0.7% rise in the regular session to close at $61.60. Zscaler expects adjusted earnings of break-even to a penny a share on revenue of $89 million to $90 million for the fiscal first quarter, and 12 cents to 15 cents a share on revenue of $395 million to $405 million for the year. Analysts surveyed by FactSet expect first-quarter earnings of 2 cents a share on revenue of $87.6 million, and full-year earnings of 19 cents a share on revenue of $398.4 million. The company reported a fiscal fourth-quarter loss of $5.3 million, or 4 cents a share, compared with a loss of $7 million, or 6 cents a share, in the year-ago period. Adjusted earnings were 7 cents a share. Revenue rose to $86.1 million from $56.2 million in the year-ago quarter. Analysts surveyed by FactSet had forecast earnings of a penny a share on revenue of $82.8 million.

/zigman2/quotes/203585803/composite
US : U.S.: Nasdaq
$ 99.31
-3.74 -3.63%
Volume: 4.66M
June 5, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$13.45 billion
Rev. per Employee
$231,369
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