ZS - Zscaler Stock Is Moving Lower: What's Going On? | Benzinga
Zscaler Inc (NASDAQ: ZS) shares are trading lower Tuesday on the heels of the company's quarterly financial results. Here's a rundown of the print.
- Q1 Revenue: $496.7 million beat estimates of $474.74 million
- Q1 EPS: 67 cents beat estimates of 49 cents
Revenues were up 40% year-over-year. Deferred revenue increased 39% year-over-year to $1.4 billion. Calculated billings grew 34% year-over-year to $456.6 million.
Cash flow from operations totaled $260.8 million in the quarter and the company generated $224.7 million of free cash flow. Zscaler ended the quarter with $2.32 billion in cash, equivalents and short-term investments.
"We had a ...