Goldman Sachs Reiterates Neutral Rating on Zscaler (ZS)

Zscaler (ZS) PT Lowered to $238 at Bernstein SocGen Group

Bernstein SocGen Group analyst Peter Weed lowered the price target on Zscaler (NASDAQ: ZS) to $238.00 (from $270.00) while maintaining a Outperform rating.

The analyst comments "Zscalers FQ424 delivered an expanding beat, with revenue coming in >4% above consensus (larger than the 3%+ beats the prior two... More

Zscaler (ZS) PT Lowered to $215 at Piper Sandler

Piper Sandler analyst Ron Owens lowered the price target on Zscaler (NASDAQ: ZS) to $215.00 (from $255.00) while maintaining a Overweight rating.

The analyst commented, "Despite F'4Q upside across all metrics, a back-end weighted billings mix (due to numerous factors) sent shares sliding... More

Zscaler (ZS) PT Lowered to $230 at Oppenheimer

(Updated - September 4, 2024 7:23 AM EDT)

Oppenheimer analyst Ittai Kidron lowered the price target on Zscaler (NASDAQ: ZS) to $230.00 (from $260.00) while maintaining a Outperform rating.

The analyst commented: "Zscaler reported strong 4QFY24 results, beating estimates behind solid execution and better than... More

Zscaler (ZS) PT Lowered to $165 at Loop Capital

(Updated - September 4, 2024 7:17 AM EDT)

Loop Capital analyst Yun Kim lowered the price target on Zscaler (NASDAQ: ZS) to $165.00 (from $180.00) while maintaining a Hold rating.

The analyst commented: "While facing the same macro headwinds as its peers and making significant changes to its sales motion, the company continues to execute well. However, it finished the year at its lowest y/y billings growth rate at 27% and guided to a very conservative FY25 billings outlook, especially regarding 1H. While the company has a history of... More

Zscaler (ZS) PT Lowered to $235 at Needham

(Updated - September 4, 2024 7:11 AM EDT)

Needham analyst Alex Henderson lowered the price target on Zscaler (NASDAQ: ZS) to $235.00 (from $290.00) while maintaining a Strong Buy rating.

The analyst commented: "ZS reported a strong FY4Q with initial FY25 Billings guidance in line but more... More

Cybersecurity firm Zscaler's shares fall on dour annual forecasts

(Reuters) -Zscaler shares tumbled about 16% on Wednesday following the cybersecurity firm's downbeat annual forecast, as macroeconomic challenges slowed spending by its customers.

Zscaler's management said that the challenges impacted the billings from three-year contracts, resulting in a lower growth expectation for the first half of fiscal 2025.

The bleak forecasts prompted at least 10 brokerages to cut their price targets on the stock, with Needham making the biggest revision by cutting it to $235 from $290.

Enterprises are slashing down... More

Zscaler (ZS) PT Lowered to $195 at Scotiabank

(Updated - September 4, 2024 6:58 AM EDT)

Scotiabank analyst Patrick Colville lowered the price target on Zscaler (NASDAQ: ZS) to $195.00 (from $210.00) while maintaining a Sector Outperform rating.

The analyst commented: "We reiterate our Sector Outperform rating after Zscaler beat on key metrics in... More

Zscaler (ZS) PT Lowered to $220 at Wedbush

Wedbush analyst Daniel Ives lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $260.00) while maintaining a Outperform rating.... More

Rosenblatt Reiterates Neutral Rating on Zscaler (ZS)

Rosenblatt analyst Catherine Trebnick reiterated a Neutral rating and $190.00 price target on Zscaler (NASDAQ: ZS).

The analyst comments "Zscaler delivered an impressive quarter, exceeding guidance and Street expectations across multiple fronts. Revenue grew 30% Y/Y, the FCF margin of 27% was a record... More

Zscaler (ZS) PT Lowered to $195 at Mizuho

(Updated - September 4, 2024 6:36 AM EDT)

Mizuho analyst Gregg Moskowitz lowered the price target on Zscaler (NASDAQ: ZS) to $195.00 (from $210.00) while maintaining a Neutral rating.

The analyst commented: "As expected, total billings growth of 27% handily exceeded guidance that called for 24% growth.... More

Zscaler (ZS) PT Lowered to $170 at Cantor Fitzgerald

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Zscaler (NASDAQ: ZS) to $170.00 (from $200.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating and reduce our price target to $170 from $200 following F4Q24 results. Zscaler delivered a strong finish to FY24,... More

Zscaler (ZS) PT Lowered to $225 at Baird

(Updated - September 4, 2024 6:49 AM EDT)

Baird analyst Shrenik Kothari lowered the price target on Zscaler (NASDAQ: ZS) to $225.00 (from $260.00) while maintaining a Outperform rating.

The analyst commented: "Zscaler delivered a solid beat, but the stock is down AH on 1H billings guidance... More

Zscaler (ZS) PT Lowered to $250 at UBS

UBS analyst Fatima Boolani lowered the price target on Zscaler (NASDAQ: ZS) to $250.00 (from $270.00) while maintaining a Buy rating.

The analyst comments "F4Q results were strong, with 27% billing growth and upside to both OpM and FCF, but it's clear investors are viewing... More

Zscaler (ZS) PT Lowered to $180 at Wells Fargo

Wells Fargo analyst Andrew Nowinski lowered the price target on Zscaler (NASDAQ: ZS) to $180.00 (from $182.00) while maintaining a Equal Weight rating.

The analyst comments "ZS fell 15% AMC following fairly strong 4Q24 results, though billings guidance for FY25 was slightly below expectations and very... More

Zscaler (ZS) PT Lowered to $225 at Jefferies

Jefferies analyst Joseph Gallo lowered the price target on Zscaler (NASDAQ: ZS) to $225.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "F4Q billings growth of 27% vs cons 24% was overshadowed by 1H25 guide of 13% yoy. While GTM changes & prev weaker F1H... More

Zscaler (ZS) PT Lowered to $220 at JPMorgan

JPMorgan analyst Brian Essex lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $230.00) while maintaining a Overweight rating.

The analyst comments "A Heads Up Before Is Better Than An Explanation After. ZS delivered solid 4Q24 results but guidance pointing to weaker than expected 1H25 billings required some explanation. Softer billings for the first half of FY25 had been telegraphed by the company last quarter, but the magnitude of implied deceleration was a bit of a surprise. Billings growth of 27% y/y for 4Q24 was better than consensus estimates while revenue, operating... More

Zscaler (ZS) PT Lowered to $205 at BTIG

BTIG analyst Gray Powerll lowered the price target on Zscaler (NASDAQ: ZS) to $205.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "ZS delivered strong FQ4/July results and provided an initial outlook for FY25 that bracketed street estimates across all metrics. While trends were positive, the big sticking point for investors from the call was commentary around linearity for the year, which implies a material deceleration in first half billings growth before reaccelerating in... More

Zscaler (ZS) PT Lowered to $200 at Barclays

Barclays analyst Saket Kalia lowered the price target on Zscaler (NASDAQ: ZS) to $200.00 (from $230.00) while maintaining a Overweight rating.... More

Zscaler stock sinks 13% in afterhours trade on cautious profit outlook

Investing.com -- Zscaler (NASDAQ: ZS) reported better-than-expected fourth-quarter results but saw its stock plummet 13% after hours due to disappointing profit guidance for the upcoming fiscal year.

The cloud security company posted adjusted earnings per share of $0.88, surpassing analyst estimates of $0.70. Revenue for the quarter... More

Zscaler forecasts annual results below estimates on weak cybersecurity spending

(Reuters) - Zscaler forecast fiscal 2025 revenue and profit below Wall Street estimates on Tuesday, as it grapples with weak spending on its cybersecurity products, sending its shares down more than 12% in extended trading. 

Enterprise clients have been cutting back on critical security expenditures, as high interest rates and signs of an uncertain macroeconomic environment pressure their overall technology budgets. 

Zscaler's... More

After-hours movers: NVIDIA, GitLab, Zscaler, PagerDuty

After-Hours Stock Movers:

NVIDIA (NASDAQ: NVDA) fell 2.1%, extending an intraday slump of 9.5% that erased $279 billion in market value. The afterhours decline was tied in part to a report from Bloomberg that the DOJ sent subpoenas to the... More

Zscaler (ZS) Tops Q4 EPS by 18c, Offers Guidance

Zscaler (NASDAQ: ZS) reported Q4 EPS of $0.88, $0.18 better than the analyst estimate of $0.70. Revenue for the quarter came in at $592.9 million versus the consensus estimate of $567.46 million.

GUIDANCE:

Zscaler sees FY2025 EPS of $2.81-$2.87, versus the consensus of $3.01. Zscaler sees... More

Zscaler (ZS) option implied volatility elevated into quarter results

Zscaler (NASDAQ: ZS) September weekly call option implied volatility is at 126, September is at 64; compared to its 52-week range of 32 to 70 into the expected release of quarter results today after the bell.

Zscaler (ZS) September 6 weekly 200 straddle priced into quarter results

Zscaler (NASDAQ: ZS) September 6 weekly 200 straddle priced for a move of 11% into the expected release of quarter results today after the bell.