Shares of cloud security provider Zscaler (ZS) ꩲsurged Friday, a day after it released third-quarter results that easily beat estimates.

Zscaler posted a surprise profit for the quarter of $19.1 million, or 12 cents per share, up from a loss of $46.05 million, or 32 cents per share, in the third quarter last year. Analysts expected Zscaler to lose $37 million, or 24 cents per share, according to consensus estimates compiled by Visible Alpha.

Revenue of $553.2 million was up 32% from last year and topped analysts' expectations of $535.2 million.

Q4💖 Revenue Guidance Mostly in Li𝓰ne With Estimates

Zscaler's fourth-quarter revenue guidance of $565 million to $567 million, which would be up nearly 25% from the prior-year's reported figure, is mostly in line with estimates of $567.6 million.

Zscaler projects current-quarter adjusted net income to range between $107 million and $109 million, slightly below the $115.1 million analysts estimate. In last year's fourth quarter, the company reported adjusted profit of $100.9 million after accounting for one-time expenses like stock-based compensation.

The cybersecurity industry has been in a 澳洲幸运5官方开奖结果体彩网:tough spot in recent months, with profit and sales projections from other cloud and cybersecurity providers 澳洲幸运5官方开奖结果体彩网:like Palo Alto Networks (PANW) and 澳洲幸运5官方开奖结果体彩网:Cloudflare (NET) 澳洲幸运5官方开奖结果体彩网:dragging down ꦚstocks around the industry.

Zscaler shares were up more th🌠an 7% to $167.97 as of 11:03 a.m. ET Friday, 🅺but are still down about 24% for the year.