Zscaler Gets New CFO, Boosts Forecast on Cybersecurity Spending

Hey, so check this out. Zscaler, that cloud security company everyone's talking about, just got a new boss for their money stuff. They named Kevin Rubin as their chief financial officer. Pretty big deal, right?

And get this, they also think they're gonna make even more money this year than they thought before! That's because companies are spending more cash on keeping their online stuff safe. Like, there are so many tricky online dangers these days that businesses really need good cybersecurity.

Kevin Rubin was actually working at this mental health company called BetterUp before he joined Zscaler, which is kinda interesting, tbqh. He's taking over from Remo Canessa, who retired back in December. It just goes to show you how important protecting data is, especially with all that AI floating around now. Companies are really worried about losing important info, so they're buying more security services from companies like Zscaler.

So, Zscaler is now saying they expect to bring in between 2.659 billion and 2.661 billion dollars for their fiscal year 2025. Before, they thought it would be a bit less, like between 2.640 billion and 2.654 billion dollars. Most experts thought it would be around 2.649 billion dollars, according to LSEG data. They also think they'll make more in profit per share too. Their old guess was between 3.04 and 3.09 dollars, but now they think it will be between 3.18 and 3.19 dollars. Pretty neat!

And for the last three months, ending on April 30th, Zscaler actually made 678 million dollars. People who follow these things thought they'd make about 666.4 million dollars, so they did even better than expected! Their profit per share for that time was 84 cents, and folks were only expecting about 75 cents. So yeah, things seem to be going pretty well for Zscaler right now. Makes you wonder, what's driving all this extra spending on cybersecurity?