Zscaler Stock Leads Nasdaq Gainers Thursday | Global News Avenue

ZScaler(ZS) is a rare highlight Nasdaq Stocks surged nearly 6% per day on Thursday after cybersecurity companies reported better than expected results and offered strong outlook.

The San Jose, California-based company, led shares of Nasdaq stocks to fall more than 2% in a day. Earnings per share (EPS) Of 78 cents revenue, it rose 23% year-on-year to $647.9 million. Both measures exceed analyst estimates, which shows α.

Zscaler said it expects adjusted earnings per share of 75 cents to 76 cents and revenues of $665 million to $667 million in the third quarter. Over the entire year, adjusted earnings per share were $3.04 to $3.09, with revenues of $2.64 billion to $2.654 billion. Each number exceeds consensus predictions.

CEO believes government efficiency drives “major sales opportunities”

ZScaler CEO Jay Chaudhry said on Wednesday’s company earnings call that he believes the company will benefit from the efficiency of the Trump administration.

“Almost all federal agencies at the cabinet level have landed on the remaining large amount of sales opportunities, and we are good for the government’s efficiency measures,” Choudhury said on the phone.

With today’s progress, Zscaler stock has entered a positive territory over the past 12 months. They have grown by about 15% since the beginning of the year.