On September 3, Zscaler Inc. rose 12.07% in after-hours trading, reaching $200.14 per share, with turnover of approximately $45.7 million. The sharp move followed the company's fiscal Q4 earnings release after the close.

Heading into the report, Wall Street consensus had called for quarterly revenue of $877 million, representing 24.12% year-over-year growth, and adjusted earnings per share of $1.09, up 35.94% year-over-year. Oppenheimer had anticipated a slight upside to the quarter and flagged a favorable setup for fiscal 2027, with initial guidance expected at 16%-17% annual recurring revenue and revenue growth. Multiple institutions had recently raised their price targets ahead of the print: Barclays lifted its target to $192 from $170, BofA Securities raised its target to $210 from $175, and Guggenheim initiated a buy rating with a $214 target.

The earnings catalyst also comes amid broader positive momentum for Zscaler, including a strategic partnership with CrowdStrike to develop a native Falcon Foundry application integrated with Zscaler OneAPI, expanded collaboration with Carahsoft targeting SMB and mid-market customers, and new product innovations securing agentic AI deployments.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)