Zscaler Inc (NASDAQ:ZS) stock gained after the company reported better-than-expected second-quarter financial results and issued third-quarter adjusted EPS guidance above estimates.
Zscaler reported quarterly earnings of 78 cents per share, which beat the analyst consensus estimate of 69 cents. Quarterly revenue was $647.9 million (up from $525 million a year ago), which beat the analyst consensus estimate of $635.56 million.
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Zscaler expects third-quarter revenue of $665 million to $667 million, versus the $667.37 million estimate, and EPS of 75 cents to 76 cents per share, versus the 74 cent estimate.
Rosenblatt analyst Catharine Trebnick upgraded Zscaler from Neutral to Buy and raised the price target from $190 to $235.
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