|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's range||44.83 - 46.05|
|52-week range||30.72 - 89.54|
|Beta (3Y monthly)||N/A|
|PE ratio (TTM)||N/A|
|Earnings date||3 Dec 2019|
|Forward dividend & yield||N/A (N/A)|
|1y target est||62.44|
SAN JOSE, Calif., Nov. 05, 2019 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release first quarter fiscal year 2020 earnings after the market closes on.
Some Zscaler, Inc. (NASDAQ:ZS) shareholders are probably rather concerned to see the share price fall 50% over the...
NEW YORK, Sept. 26, 2019 -- Levi & Korsinsky notifies investors that it has commenced an investigation of Zscaler, Inc. (“Zscaler” or “the Company”) (NASDAQ: ZS) concerning.
(Bloomberg Opinion) -- Many of us have been fixated on WeWork’s struggle to go public and the disastrous post-IPO stock performance of high-profile startups Uber Technologies Inc. and Lyft Inc. But as has often been true in the last few years, the tale is different for the unglamorous tech companies that are running circles around their cool peers.The latest example is Datadog Inc., which helps companies monitor the health of their apps and computing infrastructure; it sold its first batch of public stock late Wednesday. If you fell asleep reading the description, let me wake you up by saying that the company’s most recent pre-IPO investors(1) have a nearly 1,100% gain on their shares in less than four years,(2)according to figures from EquityZen, a marketplace for private stock sales. The earliest Datadog stock buyers from 2011 have a nearly 50,000% gain.In a non-systematic look at more than a dozen other tech companies that have gone public in the past couple of years, the stock gain for Datadog’s pre-IPO investors is at or near the top of the leader board. Repeatedly, the less-buzzy startups like Datadog that sell cloud-subscription software to businesses have been the ones that deliver the goods for early backers. There have been exceptions, but companies like Zoom Video Communications Inc. and Slack Technologies Inc. — the coolest of the Zzzz crowd — have tended to produce strong returns for pre-IPO investors, and their public shares have typically done well, too.Investors, both public and private, love these software-as-a-service companies. Generally their technology is better than anything that came before — if there was an old-guard technology with similar functions — and once businesses use the software and stitch it together with email, calendars, information databases and other corporate systems, it can be tough to ditch. If they’re managed properly, these business software companies can grow fast and predictably.Among the tech companies that have gone public on U.S. stock exchanges since the beginning of 2018, nine of the top 10 by stock gains from their IPO price are software companies that sell to businesses, according to data compiled by Bloomberg. (No. 1 is Zscaler Inc., whose share price has more than tripled since its March 2018 IPO, despite a recent drop.)What are the lessons here? Well, not surprisingly, it may be that the consumer-oriented tech companies with lots of attention as startups may be great companies but not necessarily great investments if the hype leads to overvaluation. That’s particularly true — as in the cases of Uber, Lyft and WeWork — when public company investors are far more dubious than private investors about companies with unproven business models and unsteady financial metrics. The other lesson may be that you’re in luck if you founded a company in a sector like business software that, at least for now, is the apple of investors’ eyes. I have my doubts about how long these software-as-a-service companies can stay viable. When there is an economic downturn and companies take a hard look at what they’re spending on technology, there are going to be software bills they can live without. That swings the advantage to the big software supermarkets like Oracle, Microsoft and Amazon, which can offer companies discounts on a range of technologies. Some young business software companies are also spending big to grow in a way that may not be sustainable, and their corners of the market may not be as big as optimists expect. These young cloud software companies are also priced for growth to the point where they are vulnerable to any hiccup in customer acquisition numbers or revenue gains. That has happened recently, when companies like Zscaler, Alteryx Inc., PagerDuty Inc., CrowdStrike Holdings Inc. and New Relic Inc. reported wobbly financial results, changes in management or were just infected by worries from other companies in their sector. Still, Datadog shows the benefit of being the right kind of business at the right time. Bloomberg News reported Wednesday that Cisco Systems Inc. approached Datadog recently with a takeover offer significantly higher than the $7 billion valuation it had been shooting for in an IPO. (As of Thursday’s early stock market trades, Datadog is valued at about $11 billion, excluding the value of shares held by employees and others.)Datadog was apparently confident enough in its prospects to turn that down and opt to go public. The uncool companies truly are that cool.A version of this column originally appeared in Bloomberg’s Fully Charged technology newsletter. You can sign up here.(1) Those investors include Iconiq Capital, the investment fund that has managed money forMark Zuckerberg of Facebook and other affluent people and institutions in Silicon Valley and beyond. Other stock buyers included Index Ventures, OpenView Ventures, Amplify Partners and Contour Ventures, Datadog announced in early 2016.(2) I will say that it's unusual for tech startups these days to go public without selling stock or doing other cash collections in the four years before an IPO. Some startups can't go four weeks without needing fresh cash.To contact the author of this story: Shira Ovide at firstname.lastname@example.orgTo contact the editor responsible for this story: Daniel Niemi at email@example.comThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Shira Ovide is a Bloomberg Opinion columnist covering technology. She previously was a reporter for the Wall Street Journal.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
Today we will run through one way of estimating the intrinsic value of Zscaler, Inc. (NASDAQ:ZS) by taking the...
After Zscaler reported positive Q4 results on Tuesday, its stock dropped 20.29% after hours. Today, it fell 18.83% due to lower earnings guidance for Q1.
Zscaler (ZS) delivered earnings and revenue surprises of 600.00% and 4.82%, respectively, for the quarter ended July 2019. Do the numbers hold clues to what lies ahead for the stock?
Zscaler, Inc. (ZS), the leader in cloud security, today announced the appointment of Dali Rajic as President Go-to-Market and Chief Revenue Officer. Rajic has nearly 25 years of experience in sales leadership and go-to-market operational roles. Rajic will report directly to Jay Chaudhry, CEO and Founder, Zscaler.
Fourth Quarter Highlights Revenue grows 53% year-over-year to $86.1 millionCalculated billings grow 32% year-over-year to $125.8 millionDeferred revenue grows 53%.
SAN JOSE, Calif., Sept. 06, 2019 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced it will host its Analyst Day on Tuesday, September 17 in Las.
(Bloomberg) -- A new generation of cybersecurity companies is creating billions of dollars in market value for investors as businesses increasingly turn to cloud-based products for better protection from sophisticated attacks.Okta Inc., Zscaler Inc. and Crowdstrike Holdings Inc. have experienced rapid growth, and analysts say that should continue as customers allocate more resources to security systems that operate in the cloud. Shares of Okta and Zscaler have rallied more than 80% this year, while Crowdstrike has more than doubled since its June initial public offering, making it one of the best performing tech debuts in 2019.“The security industry is in the midst of a massive transformation where we’re seeing security budgets increasingly migrate to cloud-based solutions,” Cowen analyst Nick Yako said in an interview.Global security spending is expected to reach $103.1 billion in 2019, up 9.4% from 2018, according to IDC. And more of the software is running in the cloud as characteristics such as greater processing power and real-time updates combine for better protection. Cloud is expected to account for 38% of security budgets in 2020, up from 18% in 2018, according to a Cowen survey of chief information security officers conducted earlier this year. That’s fueling demand for products like Okta’s identity and access management. Meanwhile, traditional on-premise companies like Palo Alto Networks Inc. are scrambling to adjust their offerings.“You can’t be storing data on premise and expect to have enough information to truly understand how the attacks are propagated and who the attackers are. Without that information you’re not going to stop them,” Needham analyst Alex Henderson said in an interview. “The fundamentals that are driving these companies is that they really do deliver better security.”Okta is expected to post revenue growth of 39% when it reports fiscal second-quarter financial results on Wednesday after markets close. Founded in 2009, San Francisco-based Okta helps companies manage and secure access to their networks for employees and customers. Investors will be looking for an update on international initiatives as well as details about new products, according to Monness Crespi Hardt & Co. analyst Ryan Flanagan.Zscaler, based in San Jose, California, and founded in 2008, offers a web-based firewall to filter Internet traffic. CrowdStrike, based down the road in Sunnyvale, protects employees’ smartphones and personal computers at the device level as opposed to the network level. CrowdStrike, which was founded in 2011, reports earnings on Sept. 5, followed by Zscaler on Sept. 10.These stocks are also benefiting from resiliency to macroeconomic concerns like trade disputes and global growth, analysts say. Strong demand for their products and lack of supply-chain exposure to China have made them a relative haven for investors looking for fewer risks to growth.With all of the stock gains there are concerns that valuations are getting frothy. Okta and Zscaler trade at more than 21 times enterprise value to projected revenue. That’s about three times the average for a group of 20 cybersecurity peers. CrowdStrike trades at 41 times enterprise value to fiscal 2020 sales estimates.To contact the reporter on this story: Jeran Wittenstein in San Francisco at firstname.lastname@example.orgTo contact the editors responsible for this story: Catherine Larkin at email@example.com, Andrew MartinFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.