Zscaler Gets New CFO, Boosts Outlook
Okay, so check this out. Zscaler, you know, the cloud security guys, just made a big move. They've got a new chief financial officer, Kevin Rubin. He used to work at BetterUp, which is a mental health startup. He's taking over from Remo Canessa, who retired back in December. Pretty interesting career move, right?
And guess what? Zscaler is feeling pretty good about things. They actually raised their forecast for how much money they expect to make this year. They think they'll bring in somewhere between $2.659 billion and $2.661 billion. That's more than they thought before, and even more than what the analysts were expecting.
Why the bump? Well, companies are spending more cash on cybersecurity stuff. With all the crazy online threats out there and everyone using AI more and more, protecting data is super important. Zscaler's shares even went up almost 5% after they announced this, which is pretty cool.
They're doing well because businesses are really needing those digital protection services. Zscaler offers protection for data and they even have security products powered by AI. It seems to be paying off for them.
They also shared their results for the last quarter, ending in April. They made $678 million in revenue. That's more than the $666.4 million that analysts predicted. And for earnings, they made 84 cents per share, beating the 75 cents analysts were guessing. So yeah, things are looking good for Zscaler right now.
