The bad is both the market and
Ideas, not investing / trading advice. Comments always welcome. Thanks for looking.
From earningswhispers.com :
Zscaler Beat Expectations
Tuesday, September 5, 2023 at 4:05 PM ET
Zscaler (ZS) reported earnings of $0.64 per share on revenue of $455.01 million for the fiscal fourth quarter ended July 2023. The consensus earnings estimate was $0.49 per share on revenue of $430.38 million. The Earnings Whisper number was $0.52 per share. The company beat expectations by 23.08% while revenue grew 43.06% on a year-over-year basis.
The company said it expects first-quarter non-GAAP earnings of $0.48 to $0.49 per share on revenue of $472.0 million to $474.0 million. The consensus earnings estimate is $0.46 per share on revenue of $464.60 million for the October 31, 2023 quarter. The company also said it expects fiscal 2024 non-GAAP earnings of $2.20 to $2.25 per share on revenue of $2.050 billion to $2.065 billion. The consensus earnings estimate is $2.10 per share on revenue of $2.05 billion for the year ending July 31, 2024.
Comentarios:
"The bad is both the market and ZS did put in a lower low most recently." Should read: The bad is the market is not good now and ZS put in a recent lower low.
Operación activa:
ZS
is showing lots of RS today. I started a 1/4 size position @161.65. With a hard stop @ 159.00. Let's see what happens.
Ideas I publish are my own. They are not meant to be investment / trading advice. You are encouraged to do your own due diligence.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.
I may or may not take any trade published and I am under no obligation to post any action or update to any idea.