Zscaler stock falls as execs focus on 'challenging' environment after beat-and-raise earnings

Zscaler Inc.’s shares swung to a loss in the extended session Tuesday after the cybersecurity company’s strong quarter and outlook topped Wall Street’s expectations but executives said deals were taking longer to close in the current business environment.

“The global macro environment remains uncertain,” Chief Financial Officer Remo Canessa further explained, adding that with growing economic uncertainty, they were “mindful” in this environment that closing deals within 90 days “remains challenging.” Zscaler forecast full-year earnings of $2.20 to $2.25 a share on revenue of $2.05 billion to $2.07 billion and billings of $2.52 billion to $2.56 billion. Analysts had forecast $2.11 a share on revenue of $2.05 billion and billings of $2.47 billion.

Portugal Últimas Notícias, Portugal Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Tesla Inc. stock rises Tuesday, outperforms marketShares of Tesla Inc. rallied 4.69% to $256.49 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Meta Platforms Inc. stock rises Tuesday, outperforms marketShares of Meta Platforms Inc. rallied 1.27% to $300.15 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »

Zscaler’s stock surges 5% after beat-and-raise earningsZscaler Inc.'s shares rallied Tuesday after the cybersecurity company's quarter and outlook topped Wall Street expectations.
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »