What the Options Market Tells Us About Zscaler - Zscaler (NASDAQ:ZS)

Core Insights - Financial giants are showing a bullish sentiment towards Zscaler, with 65% of traders being bullish and 25% bearish in recent options activity [1] - The predicted price range for Zscaler over the last three months is between $200.0 and $360.0 [2] - Zscaler is a SaaS company specializing in cloud-native cybersecurity solutions for enterprise customers [8] Options Activity - Significant options trades detected include both bullish and bearish sentiments, with notable trades such as a bearish put option with a strike price of $360.00 and a bullish call option with a strike price of $250.00 [7] - The volume and open interest trends for Zscaler's options indicate strong liquidity and interest, particularly within the $200.0 to $360.0 strike price range [3][4] Analyst Insights - Analysts have set an average target price of $327.0 for Zscaler, with individual targets ranging from $320.0 to $335.0 from various firms [10][11] - Analysts from Morgan Stanley, Stifel, Mizuho, Scotiabank, and B of A Securities maintain positive ratings on Zscaler, indicating confidence in the company's future performance [11] Current Market Status - Zscaler's current trading volume is 383,181, with a slight price increase of 0.22%, bringing the stock price to $252.53 [13] - The anticipated earnings release is scheduled in 96 days, which may impact future trading activity [13]