Zscaler shares were rocketing in premarket trading Monday after the company said that it expects to report better-than-expected results for its April quarter.
Shares of Zscaler Inc. were rocketing 22% in premarket trading Monday after the cybersecurity company said that it expects to report better-than-expected results for its just-completed quarter.
The... Shares of Zscaler Inc. were rocketing 22% in premarket trading Monday after the cybersecurity company said that it expects to report better-than-expected results for its just-completed quarter. The company expects calculated billings of $478 million to $482, while analysts had been looking for $449 million. The company defines calculated billings as revenue plus the change in deferred revenue and says that the metric “aims to reflect amounts invoiced for subscriptions to access our cloud platform, together with related support services for our new and existing customers.”
Zscaler anticipates a $55 million to $59 million GAAP loss from operations for the April quarter, whereas it didn’t give a forecast on that metric initially.
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