Free Post Earnings Research Report: Zscaler’s Revenues Zoomed 49.1%; Adjusted Net Loss Beat Estimates

LONDON, UK / ACCESSWIRE / July 5, 2018 / If you want access to our free earnings report on Zscaler, Inc. (NASDAQ: ZS), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=ZS. The Company reported its financial results on June 06, 2018, for the third quarter of the fiscal year 2018. The global cloud-based information security Company surpassed analysts’ estimates for revenues and adjusted net loss for Q3 FY18. In addition, the Company provided its outlook for the fourth quarter of the fiscal year 2018 and for full fiscal year 2018. Register today and get access to over 1,000 Free Research Reports by joining our site below:

www.active-investors.com/registration-sg

Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Zscaler most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

www.active-investors.com/registration-sg/?symbol=ZS

Earnings Highlights and Summary

For the third quarter ended April 30, 2018, Zscaler’s revenues advanced 49.1% to $49.2 million compared to $33.0 million in the third quarter of the fiscal year 2017. The Company’s revenue numbers exceeded analysts’ expectations of $46 million.

During Q3 FY18, Zscaler incurred cost of revenues of $9.4 million compared to $7.0 million in Q3 FY17, increasing 34.7% on a y-o-y basis. The Company’s gross profit zoomed 53.0% to $39.7 million in the reported compared to $26.0 million in the year ago same period. The Company’s gross margin increased to 80.8% in Q3 FY18 compared to 78.8% in Q3 FY17.

Zscaler’s operating expenses rose 45.4% to $48.8 million in Q3 FY18 compared to $33.5 million in Q3 FY17. The Company posted a loss from operations of $9.0 million in the reported quarter versus $7.6 million in the year ago comparable period. The Company’s adjusted loss from operations was $2.9 million in Q3 FY18 compared to $5.0 million in Q3 FY17.

For the reported quarter, Zscaler’s net loss was $10.0 million compared to $9.9 million in the corresponding quarter of last year. The Company’s adjusted net loss was $2.6 million in Q3 FY18 compared to $5.0 million in Q3 FY17.

Zscaler’s net loss per share was $0.14 in the reported quarter compared to a loss of $0.34 in the prior year’s same period. The Company’s posted an adjusted net loss per share of $0.02 in Q3 FY18 compared to loss of $0.05 per share in Q3 FY17, beating analysts’ estimates for a loss of $0.08 per share.

Cash Matters

As of April 30, 2018, Zscaler’s cash and cash equivalents stood at $287.4 million compared to $88.0 million as of July 31, 2017. For the nine months ended April 30, 2018, the Company generated a net cash inflow from operating activities of $2.7 million compared to a cash usage of $2.3 million in the nine months ended April 30, 2017. For the reported quarter, the Company had a free cash flow of $3.7 million compared to negative $1.8 million in the same period of the prior fiscal year.

Outlook

For Q4 FY18, Zscaler expects revenues to be in the range of $50.0 million to $51.0 million, and adjusted loss from operations to be between $6.0 million to $7.0 million. The Company anticipates adjusted net loss per share to be in the band of $0.05 to $0.06, using shares outstanding of approximately 120.0 million for Q4 FY18.

For FY18, Zscaler anticipates revenues to be in the range of $184.0 million to $185.0 million, and adjusted loss from operations to be in the band of $19.0 million to $20.0 million. The Company expects adjusted net loss per share to be in the range of $0.17 to $0.18, using shares outstanding of approximately 110.0 million for FY18.

Stock Performance Snapshot

July 02, 2018 – At Monday’s closing bell, Zscaler’s stock dropped 1.75%, ending the trading session at $36.43.

Volume traded for the day: 761.21 thousand shares.

Stock performance in the last month – up 24.72%; previous three-month period – up 30.25%; and year-to-date – up 10.39%

After last Monday’s close, Zscaler’s market cap was at $4.22 billion.

The stock is part of the Technology sector, categorized under the Security Software & Services industry.

—

Active-Investors:

Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.

A-I has not been compensated; directly or indirectly; for producing or publishing this document.

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the “Author”) and is fact checked and reviewed by a third-party research service company (the “Reviewer”) represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the “Sponsor”), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.

NO WARRANTY

A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.

NOT AN OFFERING

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.

CONTACT

For any questions, inquiries, or comments reach out to us directly. If you’re a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:

Email: info@active-investors.com

Phone number: 73 29 92 6381

Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active-Investors

ReleaseID: 504451