Zscaler shares surged on quarterly results and guidance that beat expectations.

CNBC reported on Sept. 3 that Zscaler exceeded Wall Street estimates for fiscal fourth-quarter revenue and annual recurring revenue, and also topped forecasts for next-quarter and full-year outlook.

Fourth-quarter revenue rose 25 percent from about $719 million a year earlier. Net loss came to $3.4 million, or a loss of 2 cents per share. That compared with a net loss of $17.6 million, or a loss of 11 cents per share, a year earlier, narrowing the deficit.

Annual recurring revenue rose 25 percent from a year earlier to $3.77 billion. That also topped the analyst estimate of $3.75 billion.

Zscaler forecast first-quarter revenue of $935 million to $939 million and adjusted earnings per share of $1.15 to $1.16. Market expectations were revenue of $927 million and adjusted earnings per share of $1.08. It forecast full-year revenue of $3.91 billion to $3.94 billion and adjusted earnings per share of $4.86 to $4.90. Market expectations were $3.90 billion and $4.60, respectively.

Zscaler CEO Jay Chaudhry (제이 차우드리) said the zero-trust product for AI agents launched recently is getting a good early response and is expected to grow faster going forward.