ZS' Q1 results are expected to reflect the robust demand for its security and networking solutions, given the continuous growth in the global security space.
Zscaler (ZS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Get a deeper insight into the potential performance of Zscaler (ZS) for the quarter ended October 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
The latest trading day saw Zscaler (ZS) settling at $210.42, representing a -0.26% change from its previous close.
In the most recent trading session, Zscaler (ZS) closed at $202.85, indicating a +0.68% shift from the previous trading day.
Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%.
Zscaler's robust cash reserves and competitive moat ensure resilience despite expected net losses, reflecting strong platform reliance and substantial revenue growth. Smart cost management through employee stock options shifts the economic burden to equity investors, impacting book value but preserving cash flow. The cybersecurity market's competitive landscape emphasizes platform switching costs, with Zscaler's 48% 5-year revenue CAGR indicating strong customer retention.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
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, a leading cloud security company, exhibits strong financial health with high recurring revenue, robust customer retention, and impressive free cash flow margins. Despite slowing YoY revenue growth, Zscaler's valuation remains justified due to its high FCF margins and stable, recurring revenue from a growing customer base. The company's strategic shift to an account-centric sales approach and focus on upselling opportunities position it well for future growth.
In the latest trading session, Zscaler (ZS) closed at $199.54, marking a +1.95% move from the previous day.
In the most recent trading session, Zscaler (ZS) closed at $186.91, indicating a +1.09% shift from the previous trading day.