Zscaler Gets New CFO, Boosts Financial Outlook

So, get THIS, Zscaler, you know, the cloud security guys, just dropped some pretty cool news. They've got a new money man, Kevin Rubin is his name, and he's the new chief financial officer. He was actually working at a mental health startup called BetterUp before this gig. Pretty neat, right? He's stepping in for Remo Canessa, who retired back in December. Big shoes to fill, I guess!

And guess what else? Zscaler actually raised their forecast for the whole year! Like, they think they're gonna bring in more cash than they thought before. They were saying maybe something between 2.640 and 2.654 BILLION dollars, and now they're bumping that up to between 2.659 and 2.661 billion. That's a nice jump! Analysts were kinda thinking it would be around 2.649 billion, so Zscaler is feeling pretty good, it seems. And their stock even went up a bit after they said all this.

Why are they doing so well, you ask? Well, think about all the crazy online threats out there these days. Businesses are spending more and more on cybersecurity stuff, like networking solutions, to protect themselves. With things like fancy new AI showing up, it feels like data could get lost or stolen more easily. So, companies really need good protection, and that means good business for places like Zscaler, who offer data protection and even AI-powered security products.

They even crushed it in the last few months, the third quarter ending April 30th. They brought in $678 million, which is more than the $666.4 million analysts were expecting. And they made more per share too, 84 cents when people thought it would be closer to 75 cents. Pretty impressive! So yeah, things seem to lookin' up for Zscaler right now.