Zscaler Shares Jump on Strong Outlook and New CFO

Hey, so get this! Zscaler, you know, the cloud security company, just shared some pretty cool news. They've got a new money guy, Kevin Rubin. He used to work at a mental health company called BetterUp before coming over. Kevin's stepping in for Remo Canessa, who retired at the end of last year. Pretty big change!

And guess what? Zscaler thinks they're gonna make more money this year than they thought before. They're now saying they'll bring in somewhere between $2.659 billion and $2.661 billion for the year. That's higher than their old guess of $2.640 billion to $2.654 billion. People who keep track of these things thought it would be around $2.649 billion, so Zscaler's feeling pretty good about things.

Why all the good vibes? Well, businesses are spending more on keeping their computers and online stuff safe. Like, with all the new smart tech and AI out there, it's easier for bad guys to try and steal data. So, companies really need strong protection, and that's exactly what places like Zscaler offer. They have products that help protect your data and even use AI to fight off online threats. Their shares went up almost 5% after they announced this, which is awesome!

For the last few months, like up until April 30th, Zscaler did even better than expected. They made $678 million in revenue, when the experts were only guessing $666.4 million. And for every share, they earned 84 cents, which was also more than the 75 cents people thought they would.

It seems like Zscaler is doing pretty well right now. With more and more businesses needing top-notch security, do you think we'll see even bigger numbers from them down the road?