In yesterday’s Wall Street session, Zscaler Inc. (NASDAQ:ZS) shares traded at $161.04, up 4.02% from the previous session.
As of this writing, 41 analysts cover Zscaler Inc. (NASDAQ:ZS). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $225.00 and a low of $120.00, we find $170.00. Given the previous closing price of $154.81, this indicates a potential upside of 9.81 percent. ZS stock price is now 16.82% away from the 50-day moving average and 26.24% away from the 200-day moving average. The market capitalization of the company currently stands at $23.45B.
There are 13 analysts who have given it a hold rating, whereas 26 have given it a buy rating. Brokers who have rated the stock have averaged $168.74 as their price target over the next twelve months.
With the price target of $180, Oppenheimer recently initiated with Outperform rating for Zscaler Inc. (NASDAQ: ZS).
In other news, CANESSA REMO, Chief Financial Officer sold 12,500 shares of the company’s stock on Jul 10. The stock was sold for $1,819,096 at an average price of $145.53. Upon completion of the transaction, the Chief Financial Officer now directly owns 297,565 shares in the company, valued at $47.92 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jul 06, Chief Operating Officer Rajic Dali sold 22,000 shares of the business’s stock. A total of $3,113,062 was realized by selling the stock at an average price of $141.50. This leaves the insider owning 306,406 shares of the company worth $49.34 million. Insiders disposed of 317,818 shares of company stock worth roughly $51.18 million over the past 1 year. A total of 1.00% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in ZS stock. A new stake in Zscaler Inc. shares was purchased by WESTBRIDGE CAPITAL MANAGEMENT, LLC during the first quarter worth $321,504,000. WHALE ROCK CAPITAL MANAGEMENT LLC invested $72,992,000 in shares of ZS during the first quarter. In the first quarter, WOODLINE PARTNERS LP acquired a new stake in Zscaler Inc. valued at approximately $47,338,000. CAPITAL FUND MANAGEMENT S.A. acquired a new stake in ZS for approximately $28,424,000. CAISSE DE DEPOT ET PLACEMENT DU QUEBEC purchased a new stake in ZS valued at around $11,885,000 in the second quarter. In total, there are 894 active investors with 49.60% ownership of the company’s stock.
Wednesday morning saw Zscaler Inc. (NASDAQ: ZS) opened at $156.44. During the past 12 months, Zscaler Inc. has had a low of $84.93 and a high of $194.21. As of last week, the company has a debt-to-equity ratio of 1.90, a current ratio of 2.00, and a quick ratio of 2.00. The fifty day moving average price for ZS is $139.29 and a two-hundred day moving average price translates $127.54 for the stock.
The latest earnings results from Zscaler Inc. (NASDAQ: ZS) was released for Apr, 2023. According to the Software – Infrastructure Company, earnings per share came in at $0.48, beating analysts’ expectations of $0.42 by 0.06. This compares to -$0.72 EPS in the same period last year. The net profit margin was -18.20% and return on equity was -50.50% for ZS. The company reported revenue of $418.8 million for the quarter, compared to $286.81 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 46.02 percent. For the current quarter, analysts expect ZS to generate $430.38M in revenue.
Zscaler Inc.(ZS) Company Profile
Zscaler, Inc. operates as a cloud security company worldwide. It offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. The company also provides Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, it offers Posture Control solutions comprising Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and PaaS to reduce risk and ensure compliance with industry and organizational benchmarks; Cloud Infrastructure Entitlement Management that detects and remediates excessive or unused cloud permissions and enforces least privileged access without disrupting productivity; Infrastructure as Code (IaC), which analyzes IaC templates to identify misconfigurations and other security issues prior to deployment to cloud infrastructure; and Vulnerability Scanning and Data Loss Prevention solutions. The company’s platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
