Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com. Shares of the cloud-based information security provider have appreciated by 5.17% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.46% and outperforming the S&P 500's gain of 4.44%. The investment community will be closely monitoring the performance of Zscaler in its forthcoming earnings report. The company is predicted to post an EPS of $0.69, indicating a 7.81% growth compared ...

However, the stock pulled back since then and had been trading downward till May 30. But following the last excellent third-quarter fiscal 2024 earnings release on May 30, ZS stock has reversed its course and is on an upward trajectory. Let's find out the factors that can help Zscaler carry its recent upward momentum further. Impressive Performance & Strong Prospects Moreover, the long-term expected earnings growth rate currently stands at 26.5%, which is higher than the industry's average growth of 23.7%. ...

The cybersecurity stock's quarterly results helped build optimism about the industry's health. Shares of Zscaler (ZS -0.01%) rose 13.1% last month, according to data provided by S&P Global Market Intelligence. The company posted an impressive quarterly earnings report to start the month. Then the stock continued to move higher, thanks to momentum among cybersecurity stocks driven by additional promising data from members of the company's peer group. Bullish quarterly earnings report kicked off the month Zsc ...

The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages. move even higher. Once investors consider ZS's positive earnings estimate revisions, the bullish case only solidifies. No eamings estimate has been lowered in the past two months, compared to 13 raised estimates, for the current fis ...

The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008. 12 Month EPS The Zacks Consensus Estimate for Zscaler has increased 40.58% over the last 30 days, as 11 estimates have gone higher compared to no negative revisions. The revisions trend for the current year also appears quite promising for Zsca ...

While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable. Price, Consensus and EPS Surprise They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of fir ...

Zacks Premium also includes the Zacks Style Scores. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Value Score Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected ...

This cybersecurity specialist seems set for better times following its latest quarterly report. 2024 has been a bad year so far for Zscaler (ZS 1.75%) investors as share prices of the cybersecurity specialist are down 17%. However, its fiscal 2024 third-quarter results (for the quarter ended April 30) were released on May 30 and they suggest the rest of 2024 may be better. Let's look at the reasons this cybersecurity stock could sustain its new-found momentum. Zscaler's fiscal Q3 revenue increased 32% year ...

Summary of Zscaler (ZS) 2024 Investor Day Company Overview - **Company**: Zscaler (ZS) - **Event**: 2024 Investor Day held on June 12, 2024 Key Industry and Company Insights Expanding Platform and Market Opportunities - Zscaler is expanding its platform, focusing on secure communication, data protection, and Zero Trust networking as core areas of growth [8][10][11] - The company identifies a significant opportunity in the Internet of Things (IoT) and Operational Technology (OT) sectors, with a serviceable market of approximately 1.5 billion devices [13][83] - The Total Addressable Market (TAM) has increased from $72 billion to $96 billion, reflecting growth in data protection and Zero Trust solutions [16][18] Data Protection and Security Innovations - Data protection is highlighted as a rapidly expanding area, with Zscaler investing in technologies to secure applications and data across various environments [10][54] - The company has developed a comprehensive data protection solution that integrates multiple data loss prevention (DLP) engines, reducing complexity for organizations [54][59] - Zscaler's data protection market has grown from $10 billion to $20 billion, driven by the consolidation of fragmented data security solutions [61] Zero Trust Networking - Zscaler emphasizes the importance of Zero Trust networking, which eliminates the need for traditional VPNs and enhances security by verifying every connection [70][76] - The company has scaled its Zero Trust Private Access (ZPA) to over 25 million end users, positioning itself as a leader in this space [70][75] AI and Platform Integration - Zscaler is leveraging AI to enhance its platform capabilities, focusing on proactive threat detection and actionable insights [24][25] - The acquisition of Avalor is expected to enhance Zscaler's data fabric, allowing for better integration and contextualization of security data [25][27] Customer Engagement and Market Strategy Customer Wins and Adoption - Zscaler has secured notable contracts, including a global bank with 150,000 seats and a Fortune 500 financial services company with a 74,000 seat deployment [62][64] - The company is seeing increased adoption of its data protection solutions, with a focus on simplifying security for complex environments [58][61] Go-to-Market Strategy - Zscaler is refining its sales approach by creating specialized teams for emerging products, ensuring that new offerings receive adequate attention [19][20] - The company is focused on educating potential customers about the benefits of its Zero Trust solutions to overcome market inertia [15][16] Additional Insights Challenges and Competitive Landscape - Zscaler faces challenges in educating the market about Zero Trust solutions and overcoming the inertia of legacy systems [15][16] - The company is positioned to disrupt traditional networking and security vendors by offering a comprehensive, integrated approach to security [76][80] Future Outlook - Zscaler anticipates continued growth in its serviceable market, particularly in the areas of IoT and OT security, as organizations modernize their networks [85][86] - The company is committed to expanding its product offerings and enhancing its platform through ongoing innovation and strategic acquisitions [59][61] This summary encapsulates the key points discussed during the Zscaler 2024 Investor Day, highlighting the company's strategic focus on expanding its platform, enhancing data protection, and leading in Zero Trust networking.

Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners. The rapid advancement of AI is becoming a primary game-changer to accelerate cybersecurity innovations. To effectively manage IT operations and combat threats at scale, enterprises must fully harness their m ...