The most recent trading session ended with Zscaler (ZS) standing at $210.42, reflecting a -0.26% shift from the previouse trading day's closing. This change lagged the S&P 500's daily gain of 0.3%. Meanwhile, the Dow gained 0.99%, and the Nasdaq, a tech-heavy index, added 0.27%.Coming into today, shares of the cloud-based information security provider had gained 14.06% in the past month. In that same time, the Computer and Technology sector gained 0.27%, while the S&P 500 gained 2.1%.Market participants wil ...

Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%. Nevertheless, Zscaler’s shares have been bouncing back.  They’ve consolidated in recent months and are now breaking out of their range, logging an impressive 30% gain since September. With earnings just a ...

When a company management clearly mentions in its financials that they continue to expect net losses for the company in the foreseeable future, the investors are left with two questions. 1) Whether the business has enough competitive offering or economic moatAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am ...

I'm an investment analyst with several years of clinical experience and a Master of Business Administration, now expanding my focus beyond biotech and healthcare into a range of sectors. I've had the privilege of sharing my insights on Seeking Alpha since 2017. Outside of spending time with my family, it is my favorite thing to do. My work emphasizes financial modeling techniques, such as Discounted Cash Flow (DCF) analysis, to uncover hidden assumptions within stock valuations across multiple industries. B ...

SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the industry’s first Zero Trust Segmentation solution to provide a more secure, agile and cost-effective means to connect users, devices, and workloads across and within globally distributed branches, factories, campuses, data centers, and public clouds. While traditional networks, including SD-WAN and site-to-site VPN, have extended enterprise connectivity to branches and clouds, th ...

In the latest trading session, Zscaler (ZS) closed at $186.91, marking a +1.09% move from the previous day. The stock lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.43%.Heading into today, shares of the cloud-based information security provider had gained 7.42% over the past month, outpacing the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% in that time.Market participants will be closely following the f ...

The most recent trading session ended with Zscaler (ZS) standing at $183.93, reflecting a +1.61% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.Coming into today, shares of the cloud-based information security provider had gained 5.39% in the past month. In that same time, the Computer and Technology sector gained 2.29%, while the S&P 500 gained 1.47%.The investment community will be ...

Zscaler (ZS) closed the latest trading day at $188.76, indicating a -1.46% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%. Prior to today's trading, shares of the cloud-based information security provider had gained 13.67% over the past month. This has outpaced the Computer and Technology sector's gain of 4.44% and the S&P 500's gain of 3.77% in that time. Investors will be e ...

Core Insights - The average brokerage recommendation (ABR) for Zscaler (ZS) is 1.64, indicating a consensus between Strong Buy and Buy based on 39 brokerage firms' recommendations [2] - Despite the positive ABR, there are concerns regarding the reliability of brokerage recommendations due to potential biases stemming from the vested interests of brokerage firms [4][5] - The Zacks Rank, which is based on earnings estimate revisions, provides a more reliable indicator of near-term stock performance compared to the ABR [6][9] Brokerage Recommendations - Zscaler's ABR consists of 26 Strong Buy and 1 Buy recommendations, accounting for 66.7% and 2.6% of total recommendations respectively [2] - The ABR is calculated based on brokerage recommendations and is typically displayed with decimals, while the Zacks Rank is a quantitative model displayed in whole numbers [7] Analyst Optimism and Earnings Estimates - Analysts from brokerage firms tend to be overly optimistic, often issuing more favorable ratings than their research supports, which can mislead investors [8] - The Zacks Consensus Estimate for Zscaler has declined by 2.9% over the past month, indicating growing pessimism among analysts regarding the company's earnings prospects [11] Zacks Rank vs. ABR - The Zacks Rank is driven by earnings estimate revisions and is more timely in reflecting future price movements compared to the ABR, which may not always be up-to-date [10] - Zscaler currently holds a Zacks Rank of 4 (Sell), suggesting that the positive ABR should be approached with caution [12]

Key Findings: Mobile remains a top threat vector, with 111% growth in spyware and 29% growth in banking malware Technology, education, and manufacturing sectors continue to be most susceptible to attacks The United States remains the top target for IoT, OT, and mobile cybersecurity attacks SAN JOSE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report, which offers an overview of the ...