Zscaler Gets New CFO, Boosts Revenue Forecast

So, guess what? Zscaler, that cloud security company everyone's talking about, just got a new money guy, a chief financial officer. His name is Kevin Rubin. And get this, right after he joined, they actually bumped up how much money they think they'll make this year. That's pretty cool, right?

Apparently, businesses are spending more cash on keeping their online stuff safe because there are some really tricky threats out there. This is helping companies like Zscaler sell more of their cybersecurity tools. Their stock even went up a little bit after the news. Kevin used to work for a company that helps people with their mental health, which is interesting. He's taking over from Remo Canessa, who retired back in December.

With all this new AI stuff popping up, companies are worried about losing important information. So, protecting data is a huge deal right now. Zscaler offers products that help with this, even using AI to make things safer. They're now saying they expect to make somewhere between $2.659 billion and $2.661 billion this fiscal year. That's more than they thought before, and even more than what the experts were guessing.

They also think they'll make more money per share, figuring on $3.18 to $3.19, which is another jump from their old numbers. And in the last few months, they totally beat expectations, bringing in $678 million in revenue when people thought they'd make less. Their earnings per share were also higher than predicted, hitting 84 cents instead of 75 cents. Sounds like things are looking up for them, huh?