Zscaler (ZS) IR Call Highlights The Company's Secret Sauce to Recurring Revenue, BofA Securities Reiterates Buy

BofA Securities analyst Tal Liani reiterated a Buy rating and $260.00 price target on Zscaler (NASDAQ: ZS) after hosting a Zscaler-101 call with Bill Choi, SVP of Investor Relations where the conversation revolved around Zscaler’s portfolio of products and how the company benefits from a remote work environment. The secret sauce that enables ZS to generate recurring revenue in this new remote world. In a hybrid world where corporate users are using on-premises and public cloud applications, lateral movement risk becomes a genuine issue. Zscaler combats this by acting as the front end of the application and separating the user and the application’s resources. As remote work expands and more apps are being moved to the public cloud, zero trust makes Zscaler an attractive solution.

The analyst stated "Zscaler offers a unique proposition where it can unify all its products in a single platform." "By offering tiered bundles and a la carte add-ons, Zscaler is able to maximize revenue on a yearly per user seat basis depending on the security requirements of the client."

For an analyst ratings summary and ratings history on Zscaler click here. For more ratings news on Zscaler click here.

Shares of Zscaler closed at $175.19 yesterday.

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