Zscaler Gets New CFO, Boosts Forecast Amid Cybersecurity Demand

Hey, so get this! Zscaler, you know, the cybersecurity folks, just made some big moves. They brought in Kevin Rubin as their new money guy, like Chief Financial Officer. This happened on Thursday. They also said they think they'll make more money this year than they thought before. It makes sense 'cause businesses are spending more on keeping their online stuff safe from all the tricky online threats out there.

After this news, Zscaler's stock went up almost 5% after hours. Kevin Rubin used to be the finance boss over at BetterUp, which is a mental health company. He's taking over for Remo Canessa, who retired back in December. With everyone using stuff like generative AI these days, companies are kinda worried about losing their important info. So, it's super important to have strong ways to protect data.

Businesses are totally still paying for digital protection services. This is boosting sales for companies like Zscaler, 'cause they offer ways to protect data and have these cool security products powered by AI. Zscaler is now saying they expect to make between $2.659 billion and $2.661 billion in revenue for fiscal year 2025. That's more than they said before, which was $2.640 billion to $2.654 billion. Analysts were guessing around $2.649 billion, by the way.

They also think they'll make more money per share too. On an adjusted basis, they're now expecting between $3.18 and $3.19 per share annually, up from their earlier guess of $3.04 to $3.09 each. For the three months ending April 30th, Zscaler actually made more money than expected, pulling in $678 million. Analysts thought they'd make about $666.4 million. And get this, they reported adjusted earnings of 84 cents per share for that quarter, beating what analysts figured would be 75 cents per share. Pretty neat, huh?