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The Key Takeaways
- Zscaler’s shares led Nasdaq gainers in a down day for the technology-heavy index.
- The cybersecurity firm's results and outlook topped analysts' estimates.
- Zscaler CEO Jay Chaudhry said on the company's earnings call Wednesday that he believes the firm stands to benefit from the Trump administration's efficiency push.
Zscaler, a cybersecurity firm that posted better than expected results on Thursday and gave a bright outlook, ranked as a rarity among the Nasdaq’s top performers. The shares jumped almost 6% in one day.
San Jose, Calif., based company led Nasdaq gainers in a day when the index, which is heavily tech-oriented, was down over 2%. The company announced fiscal 2025’s second quarter adjusted earnings per shared (EPS) at 78 cents. Revenue grew 23% from year-overyear, to $647.9 Million. Visible Alpha’s analysts’ expectations were surpassed by both measures.
Zscaler has stated that it is expecting adjusted EPS between 75 and 76 cents per dollar of revenue for the third-quarter. This will be $665 – $667 million. It expects revenue between $2.64 and $2.654 billion, with adjusted earnings of $3.04-$3.09. The figures exceeded the consensus estimates.
CEO Sees 'Significant Upsell Opportunities' With Government Efficiency Push
Zscaler CEO Jay Chaudhry said on the company's earnings call Wednesday that he believes the firm stands to benefit from the Trump administration's efficiency push.
"Having landed in nearly all the cabinet-level federal agencies and with significant upsell opportunities still remaining, we are well-positioned to benefit from the government's efficiency measures," Chaudhry said on the call, according to a transcript provided by AlphaSense.
With today's advance, Zscaler stock moved into positive territory for the past 12 months. Since the beginning of this year, they are up around 15%.
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