At the time of writing, Zscaler Inc [ZS] stock is trading at $184.78, up 0.45%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The ZS shares have gain 1.52% over the last week, with a monthly amount drifted -8.18%, and not seem to be holding up well over a long-time horizon.
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On 11, April 2024, Zscaler Extends Zero Trust SASE Leadership and Eliminates the Need for Firewall-Based Segmentation. In a post published today on Yahoo Finance, Acquisition of Airgap Networks will extend Zscaler’s Zero Trust Exchange to protect east-west traffic in branches, campuses, and critical OT infrastructure.
From an analyst’s perspective:
Zscaler Inc [NASDAQ: ZS] stock has seen the most recent analyst activity on January 18, 2024, when Bernstein initiated its Outperform rating and assigned the stock a price target of $311. On January 03, 2024, Oppenheimer reiterated its Outperform rating and revised its price target to $290 on the stock. Susquehanna started tracking the stock assigning a Positive rating and suggested a price target of $275 on December 15, 2023. Macquarie upgraded its rating to a Outperform and raised its price target to $231 on December 12, 2023. Needham reiterated a Strong Buy rating for this stock on November 28, 2023, and upped its price target to $225. In a note dated October 19, 2023, Jefferies upgraded an Buy rating on this stock and boosted its target price from $170 to $225.
For the past year, the stock price of Zscaler Inc fluctuated between $84.93 and $259.61. Currently, Wall Street analysts expect the stock to reach $231.87 within the next 12 months. Zscaler Inc [NASDAQ: ZS] shares were valued at $184.78 at the most recent close of the market. An investor can expect a potential return of 25.48% based on the average ZS price forecast.
Analyzing the ZS fundamentals
According to Zscaler Inc [NASDAQ:ZS], the company’s sales were 1.90B for trailing twelve months, which represents an 35.45% jump. Gross Profit Margin for this corporation currently stands at 0.77% with Operating Profit Margin at -0.1%, Pretax Profit Margin comes in at -0.06%, and Net Profit Margin reading is -0.07%. To continue investigating profitability, this company’s Return on Assets is posted at -0.04, Equity is -0.18 and Total Capital is -0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.24.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 183.20 points at the first support level, and at 181.62 for the second support level. However, for the 1st resistance point, the stock is sitting at 186.04, and for the 2nd resistance point, it is at 187.30.
Zscaler Inc [ZS] reported earnings per share of $0.76 for its fiscal quarter that ended on 1/30/2024. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.58/share, meaning a difference of $0.18 and a surprise factor of 31.00%. By comparison, the stated earnings for the previous quarter ended on 10/30/2023 were $0.67 per share as compared to estimates of $0.49 per share, a difference of $0.18 representing a surprise of 36.70%.
Ratios To Look Out For
It is important to note that Zscaler Inc [NASDAQ:ZS] has a current ratio of 1.90. As well, the Quick Ratio is 1.90, while the Cash Ratio is 0.91. Considering the valuation of this stock, the price to sales ratio is 14.61, the price to book ratio is 28.86.
Transactions by insiders
Recent insider trading involved Schlossman Robert, Chief Legal Officer, that happened on Mar 19 ’24 when 5484.0 shares were sold. Chief Financial Officer, CANESSA REMO completed a deal on Mar 18 ’24 to sell 7707.0 shares. Meanwhile, Chief Legal Officer Schlossman Robert sold 4227.0 shares on Mar 18 ’24.
