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Zscaler (ZS) PT Raised to Street High $40 at Needham & Company

June 7, 2018 6:09 AM EDT

Needham & Company raised its price target on Zscaler (NASDAQ: ZS) to $40.00 (from $35.00) while maintaining a Strong Buy rating.

Analyst Alex Henderson comments "We are increasing our Revenue, Billings, Margin and EPS estimates for the forward quarter and full year FY18 and FY19.... More