Zscaler (ZS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The cloud-based cybersecurity leader is set to report its fiscal fourth-quarter earnings on Sept. 8. New artificial intelligence-powered applications support a strong growth outlook.
Zscaler (ZS) reachead $197.82 at the closing of the latest trading day, reflecting a -0.81% change compared to its last close.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Zscaler (ZS) closed the most recent trading day at $195.50, moving +1.35% from the previous trading session.
Zscaler (ZS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
While Zscaler's (ZS) long-term growth story remains compelling, the stock's current valuation and key technical indicators suggest that now may not be the ideal time to buy aggressively.
Zscaler reported its Q3 FY24 earnings in late May where revenue and earnings grew 32% and 90% YoY, respectively, as it continued to penetrate the Enterprise segment and the Federal market. The company hosted its Investor Day, where they have expanded their TAM to $96B as they drive robust internal product innovation while acquiring Avalor and Airgap to strengthen its positioning. With customers generating $100K+ and $1M+ ARR steadily growing, it is also benefiting from vendor consolidation as well as an account-centric approach to acquisition and upsell.
Zscaler (ZS) closed at $165.75 in the latest trading session, marking a +0.31% move from the prior day.
Zscaler proved to be one of the few software companies that didn't disappoint this earnings season. The company delivered 32% YoY revenue growth and its first quarter with positive GAAP net income. Despite a projected sequential slowdown in growth blamed on salesforce attrition, the stock continues to look attractive given the valuation and strong financial metrics.
Recently, Zacks.com users have been paying close attention to Zscaler (ZS). This makes it worthwhile to examine what the stock has in store.
Zscaler (ZS) reachead $179.35 at the closing of the latest trading day, reflecting a +1.47% change compared to its last close.