Zscaler (ZS) reachead $177.04 at the closing of the latest trading day, reflecting a -1.67% change compared to its last close.
Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zscaler (ZS) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
ZS' strong financial performance on the back of AI-driven innovation and leading Zero Trust security solutions makes the stock worth holding.
I reiterate a buy rating for ZS, as the share price has reached my target, and I see further upside potential. The new GTM model has proven effective, with improved sales productivity and significant growth in billings and large deal activity. ZS's platform is resonating well with customers, driving platform consolidation and higher attach rates, especially in the upmarket segment.
I continue to remain bullish on Zscaler, Inc. as it sees ongoing enterprise momentum in its $100K+ and $1M+ ARR cohort driven by its AI-powered product roadmap and increasing sales productivity. Zscaler set a new standard called Zero Trust Everywhere and they are looking to triple the number of enterprise customers under the standard in 18 months. Plus their AI-powered products are seeing growing adoption with revenue from their emerging products expected to reach the mid-twenties percent of all business in FY25.
Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he thinks Zscaler is about to break out.
Zscaler has outperformed most growth stocks in 2024, rising nearly 20% year to date, driven in part by a recent "beat and raise" in Q2. The company benefits from a shift towards cloud-based security tools, essential for modern data storage and AI applications, unlike traditional firewalls. Zscaler's net retention rates improved to 115% in Q2, indicating robust customer spending despite a challenging economic environment.
Zscaler is a leading cybersecurity firm riding long-term tailwinds. The company delivered 23% YoY revenue growth and expanded non-GAAP operating margins to 21.7%. Management has suggested optimism, but I am skeptical and expect revenue growth to decelerate to 16-18% in the upcoming fiscal year.
The benchmark S&P 500 index is off to a rocky start in 2025, with a year-to-date loss of over 5% already. However, some stocks are bucking the recent market turbulence.
Cybersecurity specialist Zscaler (ZS) delivered respectable gains of 20% in the past six months, easily outperforming the S&P 500 index, which is roughly flat for the period. It looks like shares of this company could continue climbing higher following the release of its latest quarterly results.
Zscaler NASDAQ: ZS can set a fresh multiyear high in 2025, and the move could come before mid-year and happen quickly. It could happen soon because the company's results and guidance are better than expected, and the analysts are re-engaging with the market.