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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


Zscaler Inc. /zigman2/quotes/203585803/composite ZS -0.24% 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.

US : U.S.: Nasdaq
$ 148.64
-0.36 -0.24%
Volume: 1.60M
Oct. 27, 2020 4:00p
P/E Ratio
Dividend Yield
Market Cap
$19.80 billion
Rev. per Employee

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