Zscaler Postponed Its Long-Term Profitability Goal: Should Shareholders Worry?
When Zscaler (NASDAQ: ZS) last week released its strong results for its fiscal 2020 fourth quarter (which ended on July 31), it also revealed a potentially troubling shift in its plans.
CFO Remo Canessa announced that the company was postponing its long-term profitability goal to improve its non-GAAP (adjusted) operating margin to the 20% to 22% range when annual revenue reaches the $800 million to $1 billion range. Should shareholders worry about that decision?
Remote workers need the types of solutions Zscaler proposes. The cloud-native cybersecurity specialist's platform allows users to access internet services and private applications in a secure way from anywhere.
Source Fool.com
