Zscaler, Inc. operates as a cloud security company worldwide. The company’s main services include Zscaler’s Internet access solutions, which connect users to applications that are managed externally, including software applications such as services and Internet destinations. and Zscaler’s Private Access solution, which allows access to applications that are managed internally or hosted internally in private or public data centers and clouds.
It serves customers in a variety of industries including aviation and transportation, conglomerates, consumer and retail goods, financial services, health care, manufacturing, media and communications, the public sector and education, technology, and telecommunications services. This company was formerly known as SafeChannel, Inc. and in August 2008 the name was changed to Zscaler, Inc. zs stock at https://www.webull.com/quote/nasdaq-zs registered in 2007 and headquartered in San Jose, California.
Zscaler’s shares were trading at $ 42.88 on March 11, 2020, when the coronavirus reached a pandemic status, according to the World Health Organization. Since then, ZS shares have increased by 78.5% and now trades at $ 76.52. Zscaler Inc. (NASDAQ: ZS) released its winning numbers on Tuesday 3rd December. The company reported earnings of $ 0.03 per share for the quarter, exceeding a consensus estimate of $ 0.08 by Thomson Reuters of $ 0.11. The company had sales of $ 93.59 million in the quarter, compared with a consensus estimate of $ 89.81 million. Zscaler has a negative return on equity of 13.55% and a negative net margin of 17.70%. Zscaler’s revenue increased by 47.9% year on year in the quarter. In the same period last year, the company posted a profit of $ 0.01 per share.
The main shareholder of zs shares
According to InfoTrie Sentiment, news about zs stock was rather negative this week. InfoTrie evaluates the atmosphere of media coverage by analyzing more than six thousand blogs and news sources in real-time. The company negatively assessed the range of companies listed on a scale of five to five, with the lowest yield being five. Zscaler won several hits -1.0 on the InfoTrie scale. (ZS) raised $ 110 million on Friday, March 16, 2018, as part of an initial public offering. The company issued 10,000,000 shares for $ 10.00 to $ 12.00 per share. Morgan Stanley and Goldman Sachs acted as signatories of the IPO and BofA Merrill Lynch, Barclays, Deutsche, Credit Suisse, UBS Securities, Baird, BTIG, and Needham, Stephens was the co-manager.
Zscaler shares belong to many institutional and private investors. Leading institutional investors to include BlackRock Inc. (3.88%), JP Morgan Chase & Co. (3.06%), Franklin Resources Inc. (1.45%), Champlain Investment Partners LLC (1.32%), First Trust Advisors LP (0.90%) and State Street Corp (0.72%). Insiders with shares in Zscaler include Amit Singh, Andrew William Fraser Brown, Karen Blasing, ManoiApte, Remo Canessa, and Robert Schlossman. Zscaler has a market capitalization of $ 9.90 billion and has annual sales of $ 302.84 million. The company generates $ 28,660,000.00 in net income (earnings) or ($ 0.12) per year based on earnings per share. Zscaler employs 1,480 people worldwide. You can also check vti stock at https://www.webull.com/quote/nysearca-vti .