In a report released today, Saket Kalia from Barclays maintained a Buy rating on Zscaler (ZS – Research Report), with a price target of $240.00. The company’s shares closed yesterday at $241.97.
According to TipRanks, Kalia is a 5-star analyst with an average return of 16.3% and a 62.24% success rate. Kalia covers the Technology sector, focusing on stocks such as Autodesk, Zscaler, and Palo Alto Networks.
In addition to Barclays, Zscaler also received a Buy from Bernstein’s Peter Weed in a report issued today. However, on February 26, J.P. Morgan maintained a Hold rating on Zscaler (NASDAQ: ZS).
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Based on Zscaler’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $496.7 million and a GAAP net loss of $33.48 million. In comparison, last year the company earned a revenue of $355.55 million and had a GAAP net loss of $68.16 million
Based on the recent corporate insider activity of 63 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZS in relation to earlier this year. Most recently, in January 2024, Brown Andrew William Fraser, a Director at ZS sold 5,000.00 shares for a total of $1,102,250.00.
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Zscaler (ZS) Company Description:
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.
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