The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.
Zscaler is poised to benefit dramatically from the increasing adoption of zero-trust security architecture for protecting cloud and AI workloads. Adobe is capitalizing on advanced AI technologies to expand its addressable market and improve monetization of its large user base.
The latest trading day saw Zscaler (ZS) settling at $191.07, representing a +1.41% change from its previous close.
Zscaler's revenue and earnings outpaced Wall Street forecasts so far this year. The stock tumbled as investors digested confirmation of slowing growth and increasing competition.
Zscaler (ZS) reachead $203.12 at the closing of the latest trading day, reflecting a -0.66% change compared to its last close.
Zscaler Inc. shares have taken investors on a ride this year, as they're up 31% from their late-May lows but still off about 4% over the course of 2024.
Shares of Zscaler and Paycom Software have tumbled 45% and 73%, respectively, from their record highs, but Wall Street analysts see upside in both stocks. Zscaler is a recognized leader in zero trust network security, but adjacent products for cloud workload and data protection are gaining traction with clients.
From a technical perspective, Zscaler (ZS) is looking like an interesting pick, as it just reached a key level of support. ZS recently overtook the 200-day moving average, and this suggests a long-term bullish trend.
Does Zscaler (ZS) have what it takes to be a top stock pick for momentum investors? Let's find out.
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?
In the closing of the recent trading day, Zscaler (ZS) stood at $197.37, denoting a +0.01% change from the preceding trading day.
Considering Zscaler's (ZS) recent financial performance, industry trends and future prospects, we believe that the stock would carry its recent upward momentum further.