Zscaler Inc (NASDAQ:ZS) shares are trading lower Wednesday on the heels of the cybersecurity company’s fiscal fourth-quarter financial results. Multiple analysts also lowered price targets following the report.
Q4 Revenue: $592.9 million, versus the consensus estimate of $567.933 million
Q4 EPS: 88 cents, versus estimates of 69 cents
Total fourth-quarter revenue was up 30% on a year-over-year basis, while deferred revenue increased 32% year-over-year to $1.895 billion. Zscaler said calculated billings grew 27% year-over-year to $910.8 million.
Cash flow from operations totaled $203.6 million in the quarter. The company generated $136.3 million of free cash flow in the fourth quarter, up from $101.3 million in the prior ...
