Earnings Recap of technology stock: Zscaler, Inc. (NASDAQ: ZS)

On Friday, Zscaler, Inc. (NASDAQ: ZS) Stock Shifted red -2.53% in trading session and finally closed at $42.79. The firm after opening the first trading session at $43.40 Over the one year trading period, the stock has an above price of $48.24 and it’s below is recorded at $24.76. The company has a market cap of $5.118B . The company most recent volume stood at 1,277,293 shares as compared to its average volume of 1,530,926 shares.

Zscaler, Inc. (NASDAQ: ZS), a leader in cloud security, recently reported financial results for its third fiscal quarter ended April 30, 2018.

Third Quarter Fiscal 2018 Financial Highlights

Total revenue was $49.2M, a raise of 49% year-over-year.

GAAP loss from operations was $9.0M, or 18% of total revenue, contrast to $7.6M in the third quarter of fiscal 2017, or 23% of total revenue. Non-GAAP loss from operations was $2.9M, or 6% of total revenue, contrast to $5.0M of the third quarter of fiscal 2017, or 15% of total revenue.

GAAP net loss was $8.8M, contrast to $7.6M in the third quarter of fiscal 2017. Non-GAAP net loss was $2.6M, contrast to $5.0M in the third quarter of fiscal 2017.

GAAP net loss per share was $0.14, contrast to $0.34 for the third quarter of fiscal 2017. Pro forma non-GAAP net loss per share was $0.02, contrast to $0.05 for the third quarter of fiscal 2017.

Net cash flow from operations was $8.1M, contrast to $0.2M for the third quarter of fiscal 2017. Free cash flow was $3.7M, or 7% of total revenue, contrast to negative $1.8M, or 5% of total revenue, in the third quarter of fiscal 2017.

Cash and cash equivalents were $287.4M as of April 30, 2018.

Zscaler, Inc.’s (NASDAQ: ZS) price volatility for a month noted as 5.41% however its price volatility for a week documented as 5.85%. The corporation holds 114.55 million outstanding shares and its 55.16 million shares were floated in the market. The stock established a negative trend of -3.69% in last week and indicated rise of 15.55% in previous month.

 

Mitchell Howe- Technology

I am Mitchell Howe and I have worked with words mostly, in both my education and my career level. I have graduated in English and I have a Master’s Degree in Communication. I taught business and creative writing at the university for five years and now I work as a corporate teacher and a Technology writer. I adored writing as soon as I discovered it and started to write Tech articles. I am more of an extrovert and like to travel around the world.

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