Zscaler (ZS) PT Lowered to $245 at Evercore ISI, 'Tough To Bet Against These Guys'

TD Cowen Reiterates Buy Rating on Zscaler (ZS)

TD Cowen analyst Shaul Eyal reiterated a Buy rating and $270.00 price target on Zscaler (NASDAQ: ZS).

The analyst commented, "ZS posted a solid 3Q FY24, headlined by 32% rev growth, 29% cRPO growth, and a slightly increased FY24 guide. While the sales momentum was... More

Zscaler (ZS) PT Lowered to $210 at Susquehanna

Susquehanna lowered its price target on Zscaler (NASDAQ: ZS) to $210.00 (from $275.00) while maintaining a Positive rating.... More

Midday movers: Dell, MongoDB fall; Gap, Zscaler rise

(Updated - May 31, 2024 11:39 AM EDT)

Investing.com -- U.S. stock futures declined Friday despite in-line inflation data for April, as disappointing earnings from major tech companies weighed on sentiment.

Here are some of the biggest U.S. stock movers today:

Dell Technologies (NYSE: DELL) stock slumped 21% after the technology group unveiled a lower-than-anticipated current-quarter earnings outlook and indicated that higher spending on building out servers to meet artificial intelligence workloads would weigh on full-year... More

Zscaler (ZS) PT Raised to $208 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Zscaler (NASDAQ: ZS) to $208.00 (from $192.00) while maintaining a Outperform rating.

The analyst commented, "In our preview, we had lowered our target price based on concerns about ZS ability to meet July quarter billings... More

Piper Sandler Reiterates Overweight Rating on Zscaler (ZS)

Piper Sandler analyst Ron Owens reiterated an Overweight rating and $255.00 price target on Zscaler (NASDAQ: ZS).

The analyst commented, "Amidst a difficult macro for software companies and more broadly a slow start to the year for most, ZS delivered... More

Zscaler (ZS) PT Lowered to $260 at Oppenheimer

(Updated - May 31, 2024 7:40 AM EDT)

Oppenheimer analyst Ittai Kidron lowered the price target on Zscaler (NASDAQ: ZS) to $260.00 (from $290.00) while maintaining a Outperform rating.

The analyst commented: "Zscaler reported solid 3QFY24 results, beating estimates behind broad-based demand, solid execution, and... More

Zscaler (ZS) PT Lowered to $180 at Loop Capital

(Updated - May 31, 2024 7:29 AM EDT)

Loop Capital analyst Yun Kim lowered the price target on Zscaler (NASDAQ: ZS) to $180.00 (from $225.00) while maintaining a Hold rating.

The analyst commented: "While facing the same macro headwinds as its peers and making changes to its sales motion, the company executed well and posted re-accelerating y/y billings growth in the quarter. However,... More

Zscaler (ZS) PT Lowered to $210 at Scotiabank

(Updated - May 31, 2024 7:23 AM EDT)

Scotiabank analyst Patrick Colville lowered the price target on Zscaler (NASDAQ: ZS) to $210.00 (from $250.00) while maintaining a Sector Outperform rating.

The analyst commented: "We reiterate our Sector Outperform rating on Zscaler which... More

Zscaler (ZS) PT Raised to $205 at JPMorgan

JPMorgan analyst Brian Essex raised the price target on Zscaler (NASDAQ: ZS) to $205.00 (from $200.00) while maintaining a Neutral rating.... More

Zscaler (ZS) PT Lowered to $220 at Mizuho

(Updated - May 31, 2024 6:51 AM EDT)

Mizuho analyst Gregg Moskowitz lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $240.00) while maintaining a Buy rating.

The analyst commented: "Amid a great deal of malaise in the software sector, ZS reported a stunningly good... More

Zscaler (ZS) PT Lowered to $200 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Zscaler (NASDAQ: ZS) to $200.00 (from $230.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating and moderate our price target to $200 from $230 in line with the peer-group average trading multiple following a... More

Zscaler (ZS) PT Raised to $230 at RBC Capital

RBC Capital analyst Matthew Hedberg raised the price target on Zscaler (NASDAQ: ZS) to $230.00 (from $215.00) while maintaining a Outperform rating.

The analyst comments "Against negative investor sentiment, the quarter was one of the better ones we've seen in what is a choppy software... More

Zscaler (ZS) PT Lowered to $189 at Goldman Sachs

Goldman Sachs analyst Gabriela Borges lowered the price target on Zscaler (NASDAQ: ZS) to $189.00 (from $215.00) while maintaining a Neutral rating.... More

BofA Securities Reiterates Buy Rating on Zscaler (ZS)

BofA Securities analyst Tal Liani reiterated a Buy rating and $265.00 price target on Zscaler (NASDAQ: ZS)

The analyst comments "We continue to carefully monitor the companys trends, especially given the strong billings performance. We highlight that about 50% of the quarters YoY... More

Zscaler (ZS) PT Lowered to $220 at BTIG

BTIG analyst Gray Powerll lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $258.00) while maintaining a Buy rating.

The analyst comments "ZS delivered exceptional FQ3/April results and increased its outlook for FY24. Most notably, ZS posted billings of $628MM / +30% y/y in FQ324 vs our and Street estimates of $584MM / 21.0%. In addition, operating income and FCF were substantially above street estimates. And the updated... More

Zscaler (ZS) PT Raised to $210 at Barclays

Barclays analyst Saket Kalia raised the price target on Zscaler (NASDAQ: ZS) to $210.00 (from $205.00) while maintaining a Overweight rating.... More

Zscaler (ZS) PT Lowered to $270 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed lowered the price target on Zscaler (NASDAQ: ZS) to $270.00 (from $280.00) while maintaining a Outperform rating.... More

Zscaler shares soar as strong cybersecurity demand powers upbeat Q4 forecast

(Reuters) - Zscaler forecast fourth-quarter revenue and profit above estimates on Thursday, as businesses spend more on cybersecurity and networking solutions to combat complex online threats, sending its shares up 14% after the bell.

Cybersecurity has become more crucial in the recent years amid rising online threats and a rapid rise in artificial intelligence that enable hackers execute advanced cyberattacks.

The... More

After-hours movers: Dell Technologies, Gap, MongoDB, Zscaler and more

After-Hours Stock Movers:

Dell Technologies (NYSE: DELL) fell 8% after the company's first quarter results failed to impress investors. Management said AI-optimized server orders increasing sequentially to $2.6 billion, but backlog only grew to $3.8 billion.

MongoDB... More

Zscaler (ZS) Tops Q3 EPS by 23c; offers outlook

Zscaler (NASDAQ: ZS) reported Q3 EPS of $0.88, $0.23 better than the analyst estimate of $0.65. Revenue for the quarter came in at $553.2 million versus the consensus estimate of $535.93 million.

GUIDANCE:

Zscaler sees FY2024 EPS of $2.99-$3.01, versus the consensus of $2.76. Zscaler sees FY2024... More

Zscaler (ZS) call put ratio 1 call to 1.4 puts into quarter results

Zscaler (NASDAQ: ZS) May weekly call option implied volatility is at 243, June is at 71; compared to its 52-week range of 33 to 70 into the expected release of quarter results today after the bell.