Zscaler Names Kevin Rubin CFO, Raises Forecast as Cybersecurity Spending Increases

So, big news from Zscaler! They just named Kevin Rubin as their new money guy, you know, the chief financial officer. And guess what? They also bumped up their money outlook for the year. This all happened because more and more companies are shelling out cash for cybersecurity stuff. It makes sense, right? With all the tricky online threats out there, businesses gotta protect themselves.

Shares for Zscaler even went up almost 5% after hours, which is pretty cool. Kevin Rubin used to be the finance head honcho at this mental health company called BetterUp before coming over to Zscaler. He's taking over from Remo Canessa, who retired back in December.

With everyone using this AI stuff now, like generative AI, companies are kinda worried about losing important data. That's why having really strong ways to protect data is super important. And that's where companies like Zscaler come in. They sell digital protection services, and they even have products powered by AI. So, their sales are going up!

Now, about those numbers. Zscaler thinks they'll make between $2.659 billion and $2.661 billion for the year, which is more than the $2.640 billion to $2.654 billion they thought before. Some analysts were expecting around $2.649 billion, so Zscaler is looking good there. They also expect to make more per share, somewhere between $3.18 and $3.19. Their old guess was $3.04 to $3.09 per share.

For the few months ending April 30th, Zscaler did even better than expected! They made $678 million in revenue, and analysts thought it'd be closer to $666.4 million. And for how much they made per share in that quarter, they hit 84 cents, when analysts were only guessing 75 cents. Pretty sweet, huh?