ZScaler (ZS) Beats Earnings & Gives Positive Guidance

ZScaler (ZS) posted an earnings beat and gave positive guidance. Its revenue grew 43%, calculated billings were up 38%, and deferred revenue was up 41%. Its 4Q adjusted EPS came in at $0.64 versus an estimated $0.49 and its revenue came in at $455.01M versus an estimated $430.42M. George Tsilis discusses this as Oppenheimer raised ZS’s price target to $190 from $180 and Baird Capital raised its price target to $180 from $175.He then demonstrates an example trade using ZS. The trade type is an iron condor and the direction is neutral. Tune in to find out more about the stock market today.