Top 5 Trending Stocks on Friday

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In this article, we discuss the top 5 trending stocks on Friday. If you want to check out some more companies trending today, go directly to Top 10 Trending Stocks on Friday

5. Zscaler, Inc. (NASDAQ:ZS)

Number of Hedge Fund Holders: 40

Shares of Zscaler, Inc. (NASDAQ:ZS) jumped nearly 15 percent in pre-market trading Friday after delivering impressive financial results for its fiscal fourth quarter. The cloud security company earned 25 cents per share on an adjusted basis, well above 14 cents per share in the year-ago period.

Revenue for the quarter skyrocketed 61 percent versus last year to $318.1 million. Analysts expected Zscaler, Inc. (NASDAQ:ZS) to earn 20 cents per share on revenue of $305.41 million.

Looking forward, Zscaler, Inc. (NASDAQ:ZS) expects revenue in the range of $339 – $341 million for its fiscal first quarter and between $1.49 – $1.5 billion for its fiscal year 2023. The outlook was better than the consensus of $324.84 million for the current quarter and $1.47 billion for the full year.

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