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Zscaler (ZS) Rises As Market Takes a Dip: Key Facts
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Zscaler (ZS - Free Report) closed the most recent trading day at $218.00, moving +2.08% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Coming into today, shares of the cloud-based information security provider had gained 28.57% in the past month. In that same time, the Computer and Technology sector gained 6.08%, while the S&P 500 gained 1.15%.
The investment community will be paying close attention to the earnings performance of Zscaler in its upcoming release. The company's upcoming EPS is projected at $1.16, signifying a 20.83% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $937.61 million, reflecting a 18.97% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.91 per share and a revenue of $3.93 billion, indicating changes of +16.63% and +17.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Zscaler. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 24.11% higher. Right now, Zscaler possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Zscaler is presently trading at a Forward P/E ratio of 43.49. For comparison, its industry has an average Forward P/E of 55.51, which means Zscaler is trading at a discount to the group.
It is also worth noting that ZS currently has a PEG ratio of 3.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Security industry had an average PEG ratio of 3.18.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Zscaler (ZS) Rises As Market Takes a Dip: Key Facts
Zscaler (ZS - Free Report) closed the most recent trading day at $218.00, moving +2.08% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.47%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, lost 1.25%.
Coming into today, shares of the cloud-based information security provider had gained 28.57% in the past month. In that same time, the Computer and Technology sector gained 6.08%, while the S&P 500 gained 1.15%.
The investment community will be paying close attention to the earnings performance of Zscaler in its upcoming release. The company's upcoming EPS is projected at $1.16, signifying a 20.83% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $937.61 million, reflecting a 18.97% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.91 per share and a revenue of $3.93 billion, indicating changes of +16.63% and +17.22%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Zscaler. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 24.11% higher. Right now, Zscaler possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Zscaler is presently trading at a Forward P/E ratio of 43.49. For comparison, its industry has an average Forward P/E of 55.51, which means Zscaler is trading at a discount to the group.
It is also worth noting that ZS currently has a PEG ratio of 3.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Security industry had an average PEG ratio of 3.18.
The Security industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.