HomeInvestingOptionsZScaler (ZS) Beats Earnings & Gives Positive Guidance

ZScaler (ZS) Beats Earnings & Gives Positive Guidance

ZScaler (ZS) posted an earnings beat and gave positive guidance. Its revenue grew 43%, calculated billings were up 38%, and deferred revenue was up 41%. Its 4Q adjusted EPS came in at $0.64 versus an estimated $0.49 and its revenue came in at $455.01M versus an estimated $430.42M. George Tsilis discusses this as Oppenheimer raised ZS’s price target to $190 from $180 and Baird Capital raised its price target to $180 from $175.He then demonstrates an example trade using ZS. The trade type is an iron condor and the direction is neutral. Tune in to find out more about the stock market today.

Trading 360

06 Sep 2023

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