Zscaler (ZS - Free Report) reported first-quarter fiscal 2020 adjusted earnings of 3 cents per share that beat the Zacks Consensus Estimate by 200%. The figure jumped 50% from the year-ago quarter.
Revenues of $93.6 million surged 47.9% year over year driven by growing adoption of the company’s cloud platform security solutions by global enterprises. The figure comfortably surpassed the consensus mark by 5.6%.
Americas accounted for 51% of revenues, while EMEA contributed 41%. The rest came from APJ.
Calculated billings increased 37% year over year to $88.3 million in the reported quarter.
Zscaler, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Zscaler (ZS - Free Report) reported first-quarter fiscal 2020 adjusted earnings of 3 cents per share that beat the Zacks Consensus Estimate by 200%. The figure jumped 50% from the year-ago quarter.
Revenues of $93.6 million surged 47.9% year over year driven by growing adoption of the company’s cloud platform security solutions by global enterprises. The figure comfortably surpassed the consensus mark by 5.6%.
Americas accounted for 51% of revenues, while EMEA contributed 41%. The rest came from APJ.
Calculated billings increased 37% year over year to $88.3 million in the reported quarter.
Zscaler, Inc. Price, Consensus and EPS Surprise
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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