Zscaler Analysts Slash Earnings Guidance Amid Incremental Risks

Wednesday, 4 September 2024, 05:12

Zscaler analysts have cut forecasts, citing incremental risk that could impact earnings. The revised guidance, now 15% below expectations, raises concerns among investors. Notably, Scotiabank’s Patrick Colville highlighted unusual seasonality in Zscaler’s fiscal 2025 billings guidance.
Benzinga
Zscaler Analysts Slash Earnings Guidance Amid Incremental Risks

Analysts Adjust Forecasts for Zscaler

Recently, Zscaler (NASDAQ:ZS) observed a significant shift as analysts adjusted their earnings forecasts downward due to incremental risks associated with the company. The latest updates reveal that earnings guidance is now 15% below Street expectations, leading to increased scrutiny from investors.

Implications for Investors

As reported by Scotiabank's Patrick Colville, the unusual seasonality in Zscaler’s fiscal 2025 billings guidance is causing concern, leaving many investors scratching their heads. This change necessitates a deeper evaluation of the company's operational strategies and potential market challenges.

  • Analyst Ratings remain critical as forecasts get revised.
  • Market Movers: Zscaler's stock performance indicates caution ahead.
  • Guidance Adjustments: Pay close attention to further market reactions.

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.


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