Reported 4 months ago
Zscaler's stock surged after reporting better-than-expected fiscal third-quarter results, with $553.2 million in revenue and earnings of $0.88 per share. The company's full-year guidance and enterprise outlook were also strong, with expectations of exceeding analyst estimates in the fourth quarter. Zscaler's positive performance is attributed to a 30% increase in year-over-year billings and focus on building a strong go-to-market team. Despite concerns regarding a security breach, Zscaler's stock saw a 7% increase after the earnings report.
Source: YAHOO