On September 19, 2023, Citigroup analyst Fatima Boolani expressed her positive outlook on Zscaler (NASDAQ:ZS) by maintaining a Buy rating and increasing the price target to $190. This update comes after the average one-year price target for Zscaler on April 24, 2023, stood at $164.20, with a wide range of forecasts varying from $121.20 to $266.70. The consensus among the 99 analysts providing price forecasts for Zscaler as of March 28, 2023, was a median target of $173.84, with a high estimate of $235.00 and a low estimate of $120.00.
Zscaler, Inc.
ZS
Buy
Updated on: 29/11/2023
Financial Health
Healthy
Debt to equity ratio: Strong Buy
Price to earnings ratio: Strong Sell
Price to book ratio: Strong Buy
DCF: Strong Buy
ROE: Sell
ZS Stock Performance and Analysis: Mixed Results on September 19, 2023
On September 19, 2023, ZS stock had a mixed performance as it opened at $153.66, slightly lower than the previous day’s closing price of $154.73. Throughout the day, the stock fluctuated within a range of $151.90 to $154.67. The trading volume for the day was 13,015 shares, which is significantly lower than the average volume of 2,469,734 shares over the past three months.
ZS, with a market cap of $23.0 billion, operates in the Technology Services sector and the Data Processing Services industry. The company has shown impressive earnings growth over the past year, with a growth rate of 49.60%. This positive trend is expected to continue, as the company’s earnings growth forecast for the next five years stands at 39.00%.
Similarly, ZS has experienced substantial revenue growth, with a growth rate of 48.22% in the last year. These strong financial indicators reflect the company’s ability to generate revenue and improve its profitability. However, it is worth noting that ZS reported a net loss of -$202.3 million in the previous year, resulting in a net profit margin of -12.51%.
In terms of valuation, ZS has a price-to-sales ratio of 14.38 and a price-to-book ratio of 31.68. These ratios suggest that the stock may be trading at a premium compared to its industry peers. However, it is important to consider other factors such as the company’s growth potential and market position before making any investment decisions.
Looking at the stock’s performance on September 19, 2023, ZS experienced a decline of -1.23, representing a -1.74% change from the previous day’s closing price. This decline may have been influenced by various factors such as market conditions, investor sentiment, or company-specific news.
It is also worth mentioning that ZS is part of a broader market, and its performance may be influenced by the overall market conditions. Therefore, investors should consider the overall market trends and the company’s specific fundamentals before making any investment decisions.
ZS is headquartered in San Jose, California, and does not have any executives listed. The next reporting date for the company is December 5, 2023, and analysts are forecasting earnings per share of $0.46 for the current quarter. With an annual revenue of $1.6 billion, ZS operates in a dynamic industry and faces competition from other players in the data processing services sector.
In conclusion, ZS stock had a mixed performance on September 19, 2023, with a decline of -1.74%. Despite this decline, the company has shown strong earnings and revenue growth over the past year, indicating its potential for future success. However, investors should carefully analyze the company’s financials, market conditions, and industry trends before making any investment decisions.
Zscaler Inc: Analysts Expecting 20.95% Increase in Stock Price, Positive Earnings and Strong Sales
Zscaler Inc, a leading cloud security company, has been receiving positive attention from analysts and investors. On September 19, 2023, the stock was trading at a price of $152.95. However, based on the forecasts provided by 37 analysts, the median target price for Zscaler Inc is projected to be $185.00, with a high estimate of $225.00 and a low estimate of $135.00. This indicates a potential increase of 20.95% from the current price.
The consensus among 41 polled investment analysts is to buy stock in Zscaler Inc. This rating has remained unchanged since September, indicating a consistent positive sentiment towards the company’s prospects.
Zscaler Inc reported earnings per share of $0.46 for the current quarter. This indicates that the company is generating positive earnings and is on track to meet or exceed market expectations. Additionally, Zscaler Inc reported sales of $464.6 million for the same period, highlighting its strong revenue generation capabilities.
Investors and analysts will be eagerly awaiting the upcoming reporting date of December 5, when Zscaler Inc will release its financial results for the quarter. This will provide further insights into the company’s performance and may impact its stock price.
Overall, Zscaler Inc has been receiving positive attention from analysts and investors, with a consensus to buy the stock. The median target price suggests a potential increase of 20.95% from the current price. With positive earnings per share and strong sales figures, Zscaler Inc is positioned for continued success in the cloud security industry. Investors should keep an eye on the upcoming reporting date for further updates on the company’s financial performance.
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