Zscaler

Wells Fargo analyst Andrew Nowinski maintains Zscaler (NASDAQ:ZS) with a Overweight and lowers the price target from $160 to $156.

March 2, 2023 – Zscaler, Inc. (Nasdaq: ZS), the leader in cloud security, today announced financial results for its second quarter of fiscal year 2023, ended January 31, 2023. Zscaler, Inc. (Nasdaq: ZS) reported fiscal Q2 non-GAAP net income per diluted share was $0.37, Analysts polled by Capital IQ expected a normalized EPS of $0.29 a share. Revenue for the quarter ended Jan. 31 was $387.6 million,Analysts surveyed by Capital IQ expected $364.8 million. For Q3, the company expects revenue of $396 million to $398 million and non-GAAP EPS of about $0.39. Analysts polled by Capital IQ expected $387.5 million in revenue and a normalized EPS of $0.31. For fiscal 2023, it expects revenue of $1.558 billion to $1.563 billion and non-GAAP EPS of $1.52 to $1.53. Analysts polled by Capital IQ expected $1.53 billion in revenue and a normalized EPS of $1.22. Second Quarter Fiscal 2023 Financial Highlights Revenue: $387.6 million, an increase of 52% year-over-year. Income (loss)