Shares of Zscaler (ZS) are down 6% or $12.66 at $195.85 after the company reported Q1 results, issued Q2 guidance and also updated its FY25 projections. The management also reiterated that “effective August 1, 2024, the beginning of the company’s fiscal year ending July 31, 2025, we are using a long-term projected non-GAAP tax rate of 23% for the purpose of determining our non-GAAP net income and non-GAAP net income per share to provide better consistency across interim reporting periods in fiscal 2025 and beyond.”
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Read More on ZS:
- ZS Earnings: Zscaler Sinks despite Topping Q1 and Outlook Estimates
- Zscaler raises FY25 EPS view to $2.94-$2.99 from $2.81-$2.87
- Zscaler reports Q1 EPS 77c, consensus 63c
- Zscaler sees Q2 EPS 68c-69c, consensus 68c
- Zscaler options imply 9.0% move in share price post-earnings
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
