Zscaler (ZS:US) offered a solid full-year forecast after the cybersecurity services provider posted FQ4 results that topped the average analyst estimates. 

Zscaler expects adjusted FY EPS to be in the range of $2.20 to $2.25, ahead of the estimate of $2.09. Revenue for the year is projected to range from $2.05 billion to $2.07 billion, slightly ahead of the estimate of $2.05 billion.

Calculated billings are anticipated to be between $2.52 billion to $2.56 billion, again exceeding the estimate of $2.48 billion.

For its fourth fiscal quarter, Zscaler reported adjusted EPS of $0.64, a substantial increase from $0.25 in the same period the previous year and ahead of the Street at $0.49. The company's revenue for the quarter amounted to $455.0 million, marking a 43% year-over-year growth and surpassing the estimate of $430.6 million.

"We concluded our fiscal year with strong top-line growth and record operating profits. In less than two years, we doubled our annual recurring revenue, surpassing the $2 billion milestone. With cyber security as a high priority, IT executives are modernizing their legacy network security with our zero-trust architecture," said Jay Chaudhry, Chairman and CEO of Zscaler.

Deferred revenue reached $1.44 billion, reflecting a 41% year-over-year increase and exceeding the estimate of $1.41 billion. Calculated billings for the quarter were $719.3 million, representing a 38% YoY growth and exceeding the estimate of $661.2 million.

Earlier this year, Congressman Daniel Goldman reported the $15,000 - $50,000 sale of ZS shares when the stock was trading just above $100 apiece. In the meantime, Zscaler shares rose strongly to trade above $155 a share.