Zscaler collapses after annual forecasts below expectations – 03/12/2024 at 11:21

((Automated translation by Reuters, please see disclaimer https://bit.ly/rtrsauto))

December 3 – **Shares of cybersecurity company Zscaler ZS.O fall 7.5% to $192.90 in pre-market trading

**The company on Monday raised its fiscal 2025 guidance to $2.62 billion to $2.64 billion, up from $2.60 billion to $2.62 billion previously; analysts had estimated $2.63 billion – LSEG

**ZS forecasts second-quarter revenue of $633 million to $635 million, compared with analysts’ estimates of $633.8 million

**Q2 guidance falls short for investors with high expectations – Michael Schulman, Chief Investment Officer at Running Point Capital

**Revenue for the quarter ended October 31 was $627.96 million, beating estimates of $606.2 million

** Remo Canessa, CFO, retires

**Thirty of 45 brokerages rate the stock at “buy” or higher, 15 at “hold”; their median forecast is $221.56

** ZS down ~5.8% since the start of the year