Zscaler Gets New CFO, Boosts Forecast

So, get this: Zscaler just got a new money guy in charge, Kevin Rubin. He used to work at this mental health startup called BetterUp before coming over. He's taking over from Remo Canessa, who retired back in December. This news came out on Thursday.

And because of this, and maybe other stuff too, Zscaler actually thinks they're going to make more money this year than they thought before! Their shares even went up quite a bit after the market closed, like almost 5%. That's pretty cool, right?

People are spending more on cybersecurity stuff these days, probably because there are a lot of tricky online threats out there. Also, with everyone using things like that AI stuff that helps you write and create, there's a bigger chance of losing important data. So, protecting yourself online is a really big deal now.

This means companies like Zscaler are doing well cause they sell data protection and security things that even use AI. They're predicting their total money for the year ending in 2025 will be somewhere between $2.659 billion and $2.661 billion. That's more than the $2.640 billion to $2.654 billion they thought before. Experts were guessing around $2.649 billion, so Zscaler's looking better than expected.

And for how much money they make per share this year, they're expecting between $3.18 and $3.19. Before, they thought it would be between $3.04 and $3.09. So, that's looking up too.

For the three months leading up to April 30th, they actually made $678 million. That's more than the $666.4 million that analysts figured they would. And for how much they made per share in that time, it was 84 cents. Experts on average thought it would be 75 cents. So yeah, they totally beat expectations for that quarter!