Zscaler Stock Falls on Weak Outlook Despite Revenue and Earnings Beats

Tuesday, 3 September 2024, 16:15

Zscaler stock falls as weak outlook overshadows revenue and earnings beats. Despite exceeding expectations, concerns loom over future performance, impacting investor confidence.
Siliconangle
Zscaler Stock Falls on Weak Outlook Despite Revenue and Earnings Beats

Zscaler's Mixed Performance Analysis

Shares in Zscaler Inc. fell 14% in late trading today after the company reported its earnings. For its fiscal 2025 first quarter, Zscaler expects adjusted earnings per share of 62 to 63 cents on revenue of $604 million. This weak outlook has raised concerns among investors, overshadowing the positive revenue and earnings beats seen in the latest financial results.

Financial Highlights

  • Adjusted Earnings Per Share Forecast: 62 to 63 cents
  • Revenue Expectations: $604 million
  • Stock Price Decline: 14% drop in late trading

Investor Sentiment

While the earnings report showcased strong revenue growth, the guidance for the upcoming period has deterred investors, leading to a notable drop in share prices. This serves as a reminder of the volatility inherent in technology stocks.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


Related posts


Newsletter

Get the most reliable and up-to-date financial news with our curated selections. Subscribe to our newsletter for convenient access and enhance your analytical work effortlessly.

Subscribe