Zscaler Inc (NASDAQ:ZS) has earned an average recommendation of “Hold” from the fifteen analysts that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, eight have given a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $38.13.
Several equities analysts recently issued reports on ZS shares. Robert W. Baird reaffirmed an “outperform” rating on shares of Zscaler in a research report on Thursday, October 18th. Wedbush started coverage on Zscaler in a research report on Thursday, October 18th. They issued an “outperform” rating and a $48.00 price objective on the stock. Morgan Stanley upped their price objective on Zscaler from $40.00 to $41.00 and gave the company an “equal weight” rating in a research report on Thursday, December 6th. Guggenheim started coverage on Zscaler in a report on Monday, December 10th. They set a “neutral” rating and a $40.00 price target on the stock. Finally, Piper Jaffray Companies started coverage on Zscaler in a report on Friday, January 11th. They set an “overweight” rating and a $50.00 price target on the stock.
In other news, EVP Amit Sinha sold 4,807 shares of the company’s stock in a transaction on Thursday, February 7th. The stock was sold at an average price of $47.26, for a total value of $227,178.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Robert Schlossman sold 1,562 shares of the company’s stock in a transaction on Tuesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $61,167.92. The disclosure for this sale can be found here. Insiders have sold a total of 244,597 shares of company stock worth $11,019,171 over the last three months. Insiders own 27.40% of the company’s stock.
Shares of ZS traded up $0.13 during mid-day trading on Monday, reaching $48.59. The company had a trading volume of 1,122,756 shares, compared to its average volume of 1,440,408. The stock has a market cap of $5.94 billion and a P/E ratio of -156.74. Zscaler has a 52 week low of $24.76 and a 52 week high of $49.95.
Zscaler (NASDAQ:ZS) last released its quarterly earnings data on Tuesday, December 4th. The company reported ($0.06) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.05) by ($0.01). The company had revenue of $63.30 million during the quarter, compared to analyst estimates of $58.66 million. The company’s revenue was up 58.6% compared to the same quarter last year. As a group, sell-side analysts forecast that Zscaler will post -0.27 EPS for the current fiscal year.
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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