Zscaler Gets New CFO, Raises Forecast

So, hey, Zscaler, you know, the cloud security company, just made a pretty cool announcement the other day. They've got a new money guy, a CFO, named Kevin Rubin. He used to be the finance chief over at this mental health startup called BetterUp. He's taking over for Remo Canessa, who decided to retire back in December.

This news came out on Thursday, and get this, Zscaler also bumped up their money forecast for the whole year! It looks like companies are spending more on keeping their onlinestuff safe because of all the tricky threats out there. Their shares even went up almost 5% after the market closed, which is pretty awesome.

With everyone using things like generative AI these days, there's a bigger chance of losing important data. This really shows why having strong data protection is a super big deal right now. Companies are still shelling out for digital protection, and that's good news for places like Zscaler. They've got these products that help keep data safe, and they even use AI to make security smarter.

For the year that ends in 2025, Zscaler is now thinking they'll make between $2.659 billion and $2.661 billion. Before, they were saying maybe $2.640 billion to $2.654 billion. Most experts who keep track of this kind of stuff were expecting around $2.649 billion. So, Zscaler's new guess is a bit higher!

And on the earnings side, they're expecting to make between $3.18 and $3.19 per share, which is also better than their old guess of $3.04 to $3.09 per share.

For the three months that ended on April 30, Zscaler brought in $678 million. That's more than the $666.4 million that most experts thought they'd make. They also made 84 cents per share during that time, which is better than the 75 cents per share the experts were guessing.

Doesn't that sound like good news for Zscaler?