Equities research analysts expect Zscaler Inc (NASDAQ:ZS) to announce earnings per share (EPS) of $0.06 for the current quarter, Zacks reports. Four analysts have made estimates for Zscaler’s earnings, with the lowest EPS estimate coming in at $0.01 and the highest estimate coming in at $0.32. Zscaler posted earnings per share of ($0.02) during the same quarter last year, which suggests a positive year over year growth rate of 400%. The business is scheduled to announce its next earnings results on Wednesday, June 5th.

On average, analysts expect that Zscaler will report full-year earnings of $0.12 per share for the current fiscal year, with EPS estimates ranging from $0.12 to $0.13. For the next year, analysts anticipate that the business will post earnings of $0.17 per share, with EPS estimates ranging from $0.14 to $0.21. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow Zscaler.

Zscaler (NASDAQ:ZS) last posted its quarterly earnings data on Thursday, February 28th. The company reported ($0.03) earnings per share for the quarter, topping the consensus estimate of ($0.08) by $0.05. Zscaler had a negative net margin of 11.06% and a negative return on equity of 8.93%. The firm had revenue of $74.30 million during the quarter, compared to analysts’ expectations of $66.20 million.

Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of Zscaler from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Piper Jaffray Companies assumed coverage on shares of Zscaler in a report on Friday, January 11th. They set an “overweight” rating and a $50.00 target price for the company. UBS Group lifted their target price on shares of Zscaler from $39.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, March 4th. Deutsche Bank lifted their target price on shares of Zscaler from $44.00 to $57.00 and gave the stock a “hold” rating in a report on Friday, March 1st. Finally, Credit Suisse Group lifted their target price on shares of Zscaler from $46.00 to $55.00 and gave the stock an “outperform” rating in a report on Friday, March 1st. Two analysts have rated the stock with a sell rating, six have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $57.38.

ZS stock traded up $1.97 during trading on Friday, hitting $66.96. The company had a trading volume of 3,385,044 shares, compared to its average volume of 1,992,379. Zscaler has a 12 month low of $24.76 and a 12 month high of $72.94. The stock has a market capitalization of $8.07 billion and a PE ratio of -216.00.

In other news, EVP Amit Sinha sold 20,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $71.30, for a total value of $1,426,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Blasing sold 1,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $72.00, for a total transaction of $72,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 553,661 shares of company stock valued at $30,621,514 in the last ninety days. Company insiders own 27.40% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Quantamental Technologies LLC acquired a new position in Zscaler in the 4th quarter worth $39,000. Emerald Mutual Fund Advisers Trust boosted its stake in Zscaler by 6.9% in the 4th quarter. Emerald Mutual Fund Advisers Trust now owns 155,236 shares of the company’s stock worth $6,087,000 after purchasing an additional 10,000 shares during the period. First Trust Advisors LP acquired a new position in Zscaler in the 4th quarter worth $4,003,000. Tocqueville Asset Management L.P. boosted its stake in Zscaler by 22.9% in the 4th quarter. Tocqueville Asset Management L.P. now owns 17,350 shares of the company’s stock worth $680,000 after purchasing an additional 3,230 shares during the period. Finally, Vanguard Group Inc boosted its stake in Zscaler by 6.5% in the 3rd quarter. Vanguard Group Inc now owns 1,113,421 shares of the company’s stock worth $45,405,000 after purchasing an additional 68,139 shares during the period. 29.86% of the stock is owned by institutional investors.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.

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