Zscaler's Big News: New CFO & Higher Forecast!

Hey, so Zscaler, you know, the cloud security guys? They just got a new money person, Kevin Rubin, as their chief financial officer. And get this, they actually raised how much money they think they'll make this year! That's pretty cool, right? It seems like businesses are spending more on keeping their stuff safe online because there are all these tricky threats out there.

Their shares popped up almost 5% after the news, which is a nice bump. Kevin used to be the money chief at a company called BetterUp, which is about mental health. He's taking over from Remo Canessa, who retired back in December. It makes sense that companies are spending more on security these days, especially with all the AI stuff floating around. It feels like data can get lost easier, so good data protection is super important now.

Companies like Zscaler are doing well because they offer data protection and even use AI to help improve security. They're now saying they expect to make between $2.659 billion and $2.661 billion for the fiscal year 2025. That's up from what they thought before, which was $2.640 billion to $2.654 billion. Analysts were expecting a bit less, around $2.649 billion, so Zscaler is looking pretty good.

They also expect to make between $3.18 and $3.19 per share in earnings, which is also higher than their earlier guess of $3.04 to $3.09. For the last few months, ending in April, they totally crushed it! They brought in $678 million in revenue, way more than the $666.4 million analysts thought they would. And their earnings per share were 84 cents, beating the 75 cents everybody was guessing. Seems like Zscaler is on a roll!