Zscaler forecasts annual results below estimates on weak cybersecurity spending
Sept 3 (Reuters) -Zscaler ZS.O forecast fiscal 2025 revenue and profit below Wall Street estimates on Tuesday, as it grapples withweak spending on its cybersecurity products, sending its shares down more than 12% in extended trading.
Enterprise clients have been cutting back on critical security expenditures, as high interest rates and signs of an uncertain macroeconomic environment pressure theiroverall technology budgets.
Zscaler's results stand in contrast to those of its sector peersPalo Alto Networks PANW.O andSentinelOne S.N, both of which provided strong annual revenue forecasts last month following aglobal tech outage in July attributed to CrowdStrike CRWD.O.
The threat of cybercrimes, including hacks and data breaches, has become more prevalent with large firms such as Advanced Micro Devices AMD.O and Microsoft MSFT.O, which haveexperienced some form of cyber breach in recent months.
Zscalerforecast full-year revenue in the range of $2.60 billion to $2.62 billion, while analysts expected $2.63 billion, according to LSEG data.
It forecast full-year adjusted net income of $2.81 to $2.87 per share, compared with estimates of $3.33.
For the first quarter, the company forecast revenue between $604 million and $606 million, compared with the average analysts' estimate of $602.8 million.
It expects adjusted earnings per share to be between 62 cents and 63 cents for the quarter, which falls short of the Street estimates of 73 cents.
Zscaler reported fourth-quarter revenue of $592.9 million for the period ended July 31, above LSEGestimate of $567.9 million.
On an adjusted basis, the company posted earnings of 88 cents per share, surpassing the estimates of 69 cents.
Reporting by Zaheer Kachwala in Bengaluru; Editing by Mohammed Safi Shamsi
免责声明: XM Group仅提供在线交易平台的执行服务和访问权限，并允许个人查看和/或使用网站或网站所提供的内容，但无意进行任何更改或扩展，也不会更改或扩展其服务和访问权限。所有访问和使用权限，将受下列条款与条例约束：(i) 条款与条例；(ii) 风险提示；以及(iii) 完整免责声明。请注意，网站所提供的所有讯息，仅限一般资讯用途。此外，XM所有在线交易平台的内容并不构成，也不能被用于任何未经授权的金融市场交易邀约和/或邀请。金融市场交易对于您的投资资本含有重大风险。
所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。
本网站上由XM和第三方供应商所提供的所有内容，包括意见、新闻、研究、分析、价格、其他资讯和第三方网站链接，皆保持不变，并作为一般市场评论所提供，而非投资性建议。所有在线交易平台所发布的资料，仅适用于教育/资讯类用途，不包含也不应被视为适用于金融、投资税或交易相关咨询和建议，或是交易价格纪录，或是任何金融商品或非应邀途径的金融相关优惠的交易邀约或邀请。请确保您已阅读并完全理解，XM非独立投资研究提示和风险提示相关资讯，更多详情请点击 这里。
