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Tag: ZS

  • Zscaler Inc (ZS) stock lost 14.91% in the after-market. Here’s why

    Zscaler Inc (ZS) stock lost 14.91% in the after-market. Here’s why

    On 24 February 2022, Zscaler Inc (ZS) announced the fiscal performance for its Q2 of FY22. As a result, the stock plunged in the after-market, losing 14.91% to $224.11.

    The stock of ZS closed the regular trading session at $263.38, 10.02% more than the previous trading session. Zscaler Inc (ZS) filed for the Form 8-K with SEC to reveal the financial outcome, on February 24, 2022.

    Zscaler is a cloud security organization and a forerunner in zero trust. The company’s engineering is intended to permit clients and gadgets to securely get to approved applications and services in the cloud involving the Internet as a network medium. Moreover, ZS has a market capitalization of $36.89 billion with 140.8 million stocks pending. Zscaler has its headquarter in San Jose, California, United States of America (USA).

    ZS Q2 2022

    The key features of the financial outcome for Q2 are

    • ZS posted the sales of $255.5 million in Q2 of FY22 versus $157.04 million in Q2 of FY21. Sales posted a growth of 62.7%.
    • Moreover, the company had a net loss of $100.4 million in Q2 of FY22 against $67.5 million in Q2 of FY21. The net loss marks an increase of 48.6%.
    • Diluted loss per stock in Q2 of FY22 was $0.71 while in Q2 of FY21 loss per stock was $0.50.
    • Besides, the operational loss for the company grew by 55.7% from $83.9 million in Q2 of FY22 versus $53.8 in the year-ago quarter.
    • Further, Zscaler’s total profit expanded by 60.9%. ZS earned a total profit of $197.7 million in Q2 of FY22 versus $122.9 in Q2 of FY21.

    ZS fiscal direction for Q3 2022

    The company anticipates the total revenue in Q3 of FY22 to be in the range of $270 million and $272 million. Moreover, ZS estimates an income of $0.10 – $0.11 per stock.

    CEO Remarks

    The CEO of Zscaler, Jay Chaudhry, stated that they delivered a solid outcome for the second quarter. He further added that the YoY revenue growth reached the highest level in three years.

  • Zscaler, Inc. (NASDAQ: ZS), hired veteran Chris Kozup as a Chief Marketing Officer

    Zscaler, Inc. (NASDAQ: ZS), hired veteran Chris Kozup as a Chief Marketing Officer

    The pioneer in cloud security, Zscaler, Inc. (NASDAQ: ZS), announced today that Chris Kozup has been appointed as a Chief Marketing Officer. Kozup will be accountable for the strategy and implementation of global marketing.

    After spending almost 2 decades in the sector, Kozup brings comprehensive marketing capabilities in enterprise technology to help Zscaler achieve its next growth step.

    With an industry-leading, cloud-native approach to securing customers, software, and data, Zscaler is at the pinnacle of helping clients achieve their digitalization goals. The successful track record of Chris as a marketing executive and his customer-centric mentality makes him the perfect leader to help drive the growth of Zscaler further.

    The successful track record of Chris as a marketing executive and his customer-centric mentality makes him the perfect leader to help drive the growth of Zscaler further.

    I am pleased to welcome Chris to the team and to work with him to expand the scope and interaction of our customers.”

    Kozup’s last job was Chief Marketing Officer at Aruba, a Hewlett Packard Enterprise Corporation, where he was looking after the global marketing strategy and execution, implementation of scalable and sustainable awareness marketing campaigns, development of digital demand, and distribution enablement. At industry-leading high-tech companies such as Nutanix and Cisco, he also leads marketing teams.

    After witnessing Zscaler supporting thousands of businesses ensure their workforce’s safety and efficiency while driving their digital transformation efforts recently has been heartening, Kozup said. “The mission of Zscaler was to create the most flexible cloud security platform in the world to protect a mobile and distributed workforce, and I am excited to join the team that has aided so many firms to achieve these ideas.”

    Kozup will directly answerable to Jay Chaudhry, the Chairman and Chief Executive Officer of Zscaler.