Zscaler Shares Dropped 9% Despite Q2 Beat
<p><a href='https://financialmodelingprep.com/financial-summary/ZS'>Zscaler, Inc. (NASDAQ:ZS) </a>shares were trading around 9% lower Wednesday afternoon, despite the company’s reported Q2 beat, with revenues growing 62% to $230.5 million, compared to the consensus estimate of  $212 million. Quarterly billings grew 71% to $247.7 million, beating the consensus estimate of $203.6 million. </p>
<p>The company raised its 2022 revenue/billings guidance to +49%/+39% from +41%/+34% as the land and expand motion shows no signs of slowing. 
Analysts at RBC Capital increased their price target to $408 from $380 on the company's shares following the earnings results. </p>

NASDAQ:ZS