Stock Market

Zscaler shares jump 6% after profit beat, upbeat outlook

Investing | Thu, Mar 06 2025 09:07 AM AEDT

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Image Source: Sivastatz

Investing.com -- Zscaler Inc reported better-than-expected second-quarter earnings on Wednesday and issued an upbeat full-year outlook, sending its shares up 6% in extended trading.

The cloud security firm posted earnings per share of $0.78, exceeding analysts' estimates of $0.69. Revenue rose to $647.9 million, beating the consensus forecast of $634.4 million.

Zscaler (NASDAQ:ZS) now expects earnings per share of $3.04 to $3.09, for 2025, which is above Wall Street’s estimate of $2.99. The company forecast full-year revenue of $2.64 billion to $2.65 billion, below analysts' expectations of $2.69 billion.

"Growing adoption of Zero Trust and AI is driving strong demand for our platform, resulting in yet another strong quarter that exceeded our guidance on both top and bottom line," said CEO Jay Chaudhry.

This article first appeared in Investing.com

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