Zscaler +13.3% on Q3 beats, upside guidance, price target boosts

|About: Zscaler (ZS)|By:, SA News Editor

Zscaler (NASDAQ:ZS) gains premarket after yesterday’s Q3 results beat EPS and revenue estimates with a 49% Y/Y revenue growth. Upside Q4 guidance has revenue from $50M to $51M (consensus: $48.38M) and EPS of -$0.06 to -$0.05 (consensus: -$0.09).

Press release

Analysts raise price targets: Needham, $35 to $40; Morgan Stanley, $26 to $31; Credit Suisse, $33 to $38.  (Source: Briefing.com). 

Zscaler shares are up 13.3% premarket to $34.71.  

Previously: Zscaler beats by $0.06, beats on revenue (June 6)