Zscaler Gets New CFO, Boosts Forecast as Cybersecurity Heats Up

Get this: Zscaler, you know, the cloud security company, just got a new boss in the money department. They named Kevin Rubin their chief financial officer, and get this, they even made their yearly money guess higher! Their shares even went up almost 5% after all that news. Pretty cool, right?

Apparently, businesses are spending more on keeping their online stuff safe these days. There are some pretty fancy online threats out there, and with all the cool new AI stuff everyone's using, it's even more important to protect your data. So companies like Zscaler, who do data protection and even have AI-powered security, are doing really well.

Kevin Rubin used to work at a company called BetterUp, which helps people with their mental health, before he came over to Zscaler. He's taking over from Remo Canessa, who retired last December. And yeah, Zscaler is doing so good they think they'll make between $2.659 billion and $2.661 billion this year. That's more than what they thought before, which was $2.640 billion to $2.654 billion. Most analysts thought it would be around $2.649 billion, so they're beating expectations!

They also think they'll make between $3.18 and $3.19 per share this year. Their old guess was $3.04 to $3.09 per share, so that's a nice little jump too.

And for the three months leading up to April 30th, they made $678 million. People who watch these things thought they'd make about $666.4 million, so they did way better! They also made 84 cents per share for that time, when analysts only thought they'd make 75 cents. So yeah, seems like things are going pretty well for Zscaler. Maybe it's a good time to think about how you're protecting your own data?