Zscaler jumps after upbeat annual revenue forecast

Cloud security company Zscaler's ZS.O shares up 5% at $206.50 in early trade

Company on Wednesday raised its fiscal 2025 revenue forecast, signaling increasing demand for its cloud-based cybersecurity services

Zscaler now expects annual revenue for fiscal 2025 to be between $2.64 billion and $2.65 billion, compared with its prior forecast of $2.62 billion to $2.64 billion

It also raised its forecast for annual adjusted earnings per share between $3.04 and $3.09, compared with earlier expectations of $2.94 to $2.99

Company posted second-quarter revenue of $647.9 million, above analysts' average estimate of $635.6 million - LSEG

Brokerages including J.P. Morgan, Citigroup, Wells Fargo and Scotiabank raise PTs on ZS' stock

Including sessions move, ZS up nearly 14% YTD