Morgan Stanley Sees Data Security Outperforming on Ukraine Fears, Zscaler (ZS) Likely to Grow the Fastest in Federal-

Morgan Stanley analyst Hamza Fodderwala reiterated an Overweight rating on Zscaler (NASDAQ: ZS) noting the rising threats and more reasonable valuation noting that Geopolitical tensions are likely to increase the sectors overall budget priority. ZS was singled out not because of the greatest exposure to government spending but because of the greatest incremental change in exposure.

The analyst stated "We think ZS is likely to grow fastest within Federal in '22 after receiving multiple FedRAMP certifications last year and a platform that's well aligned with recent Zero Trust mandates".

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 $221.85 yesterday.

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