ZS' Q4 performance is likely to have benefited from the growing demand for security and networking products.
I am downgrading Zscaler to "Hold" due to potential near-term headwinds and cooling sentiment around growth stocks, despite strong long-term fundamentals. Zscaler's recent earnings showed impressive revenue growth, improved operating margins, and strong free cash flow, but seasonality and market sentiment pose risks. Upcoming earnings on September 3 are expected to show continued growth, but investor focus will also be on management's forward-looking comments and partnerships.
US stocks remained in the spotlight this week as some of the most popular companies like Nvidia, Nutanix, Li Auto, and Affirm published their earnings. Nvidia stock price retreated after its results while Affirm, a leading buy now pay later (BNPL) company, published strong numbers.
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.