Zscaler (ZS) stock Trades Up On Upbeat Earnings: Now What?

Zscaler Inc (NASDAQ:ZS) stock moved up 8% in after-hours session as the company beats by $0.08, beats on revs; guides Q4 EPS in-line, revs above consensus; guides FY21 EPS above consensus, revs above consensus.

Zscaler (ZS) stock Trades Up On Upbeat Earnings: Now What?

Reports Q3 (Apr) earnings of $0.15 per share, excluding non-recurring items, $0.08 better than the S&P Capital IQ Consensus of $0.07; revenues rose 59.6% year/year to $176.4 mln vs the $163.73 mln S&P Capital IQ Consensus.

Calculated billings grows 71% year-over-year to $225.0 million. Deferred revenue grows 65% year-over-year to $495.4 million.  Co issues guidance for Q4, sees EPS of $0.08-0.09, excluding non-recurring items, vs. $0.09 S&P Capital IQ Consensus; sees Q4 revs of $185-187 mln vs. $174.16 mln S&P Capital IQ Consensus.

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Co issues upside guidance for FY21, sees EPS of $0.47, excluding non-recurring items, vs. $0.40 S&P Capital IQ Consensus; sees FY21 revs of $660-664 mln vs. $636.01 mln S&P Capital IQ Consensus. Calculated billings of $878 million to $880 million.

Michael Rowels

Weekend Contributor. Writing for business and finance publishers has become his passion over the last decades after he completed a master's degree in Financial Management. Sharing some opinions and forecasts to thousands of readers is a routine job for him but he never promises to invest in one stock.