On May 26, 2023, Zscaler, a company, is experiencing some unusual options activity. An investor with a significant amount of money has taken a bearish stance on Zscaler, which is quite noticeable. Upon examining the options history for Zscaler, it becomes evident that 30% of investors opened trades with bullish expectations, while 70% opened trades with bearish expectations. From the overall trades observed, it is noteworthy that there are 5 puts with a total amount of $171,700 and 5 calls with a total amount of $306,995. Over the last three months, it appears that whales have been targeting a price range from $90.0 to $145.0 for Zscaler.
Today, the mean open interest for Zscaler options trades is 302.88, with a total volume of 805.00, indicating liquidity and interest. The current price of Zscaler is $133.7, up by 5.53%, with a volume of 1,631,569. However, RSI indicators suggest that the underlying stock may be overbought. The next earnings for Zscaler are expected to be released in six days.
ZS Stock Shows Strong Performance with Impressive Earnings and Revenue Growth Rates in Cloud-Based Security Solutions Industry
ZS stock had a strong performance on May 26, 2023, with an opening price of 126.99, slightly higher than the previous day’s closing price of 126.65. Throughout the day, the stock’s price fluctuated between a low of 126.09 and a high of 134.81, with a volume of 135,658 shares traded. The market capitalization of ZS is $18.2 billion.
ZS, or Zscaler, is a technology services company that provides cloud-based security solutions to businesses. The company has seen impressive earnings and revenue growth rates this year, with a growth rate of 125.25% and 62.08%, respectively. ZS operates in the technology services sector and the data processing services industry, and is headquartered in San Jose, California.
Other stocks in the technology services industry also had positive performances on May 26, 2023. ZS’s next reporting date is on June 2, 2023, where the company is expected to report an earnings per share of $0.42. The company’s annual revenue for the previous year was $1.1 billion, with an annual profit of -$390.3 million. The net profit margin for the company is -35.77%, indicating that the company is operating at a loss. However, with the impressive earnings and revenue growth rates, ZS is poised for a strong future in the cloud-based security solutions industry.
Zscaler Inc: Strong Growth Outlook and Impressive Financial Performance
On May 26, 2023, Zscaler Inc had a median target price of $145.00, according to the 35 analysts offering 12-month price forecasts. This represents a +9.96% increase from the last price of $131.87. The high estimate was $225.00, while the low estimate was $120.00. The current consensus among 39 polled investment analysts is to buy stock in Zscaler Inc, and this rating has held steady since May.
Zscaler Inc is a cloud security company that provides internet security services to businesses. It operates in the cloud security market, which is growing rapidly due to the increasing adoption of cloud computing and the rise in cyber threats.
Zscaler Inc reported its current quarter earnings per share of $0.42 and sales of $411.7 million on June 02, 2023. The earnings per share beat analysts’ estimates, while sales were in line with expectations. The company’s revenue growth rate was 28% year-over-year, which is an impressive figure for a company of its size.
Zscaler’s stock performance has been strong over the past year, with the stock price increasing by over 70%. The company’s strong financial performance and growth prospects have attracted the attention of investors, which has driven up the stock price.
In conclusion, Zscaler Inc has a strong growth outlook, driven by the increasing demand for cloud security services. The company’s financial performance has been impressive, with strong revenue growth and earnings per share beating expectations. The stock has a buy rating from investment analysts, with a median target price of $145.00, representing a +9.96% increase from the last price. Overall, Zscaler Inc is a company that investors should keep an eye on, as it has the potential for strong growth in the coming years.
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