Zscaler (NASDAQ:ZS) Shares Gap Up - What's Next?
Revenue rose 25% to about $719 million and annual recurring revenue reached $3.77 billion, while management said AI security bookings topped $100 million.
- On Friday, Zscaler hosted its Investor Day in New York City, where the company reaffirmed its full-year revenue guidance and emphasized strategic focus on Agentic AI security.
- Management projected first-quarter revenue between $935 million and $939 million, surpassing Wall Street estimates, while annual recurring revenue climbed 25% to $3.77 billion, exceeding StreetAccount expectations.
- CEO Jay Chaudhry characterized the AI security opportunity as the company's most significant, with bookings totaling $100 million over the past year and expanding more than 50% recently.
- Zscaler stock rose 3% in morning trading, though the stock has lagged competitors this year, falling 20% while CrowdStrike Holdings and Palo Alto Networks reached new highs.
- The First Trust NASDAQ Cybersecurity ETF gained 2%, reflecting broader sector momentum as The Invesco QQQ Trust rose 0.5%, positioning cybersecurity well ahead of large-cap tech.
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Zscaler CEO: AI Models Are Raising Demand for Security
Zscaler shares rose about 4% as the company reaffirmed its first-quarter and full-year guidance at investor day. CEO Jay Chaudhry said businesses see AI as a way to boost revenue and efficiency, but worry that AI agents could create cybersecurity risks, driving stronger demand for zero-trust security. He speaks with Romaine Bostick & Sally Bakewell on "The Close." (Source: Bloomberg)
Zscaler Climbs 3% as Investor Day Reaffirms Guidance in Agentic AI Pitch; CrowdStrike and Palo Alto Tick Up
Agentic AI took center stage as Zscaler (NASDAQ:ZS) hosted its Investor Day in New York City and reaffirmed its guidance for the current quarter and the full fiscal year. Zscaler stock is at $207.10, up 3% in morning trading. A reaffirmation is a quieter event than a guidance raise, and the bounce suggests the market […]
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