Zscaler Gets New CFO, Boosts Forecast

Okay, so get this! Zscaler, you know, the cloud security folks, just made a big move. They announced on Thursday that Kevin Rubin is their new chief financial officer. That's pretty cool!

They also bumped up their yearly money forecast. It seems like businesses are spending more on cybersecurity because there are some tricky online bad guys out there. This is good news for Zscaler, and their stock even went up a bit after the news.

Kevin Rubin used to be the money guy at a company called BetterUp, which is about mental health. He's taking over from Remo Canessa, who retired back in December. With all the new AI stuff popping up, like those clever chatbots, companies are actually kinda worried about losing important data. This totally means that having strong data protection is a really, really big deal.

Companies are still spending on stuff to keep their digital info safe, which is why Zscaler's sales are doing well. They offer ways to protect your data and even have security products that use AI. Zscaler now thinks they'll make between $2.659 billion and $2.661 billion for the year, which is more than they thought before. People who keep track of these things, like analysts, were expecting a bit less, around $2.649 billion.

They also think they'll earn more money per share than they first said. They're now looking at somewhere between $3.18 and $3.19 per share. For the last few months, from February to April, Zscaler actually did better than expected. They made $678 million, but analysts thought it would be around $666.4 million. And for how much they earned per share, they got 84 cents, which is more than the 75 cents analysts predicted. Pretty neat, huh?