Zscaler's Resilience: Navigating Success Beyond COO's Departure
Zscaler(ZS) Seeking Alpha·2024-02-08 07:18
SmileStudioAP Investment Thesis Zscaler's (NASDAQ:ZS) Chief Operating Officer has resigned, effective immediately. Given that Zscaler has succeeded in once again reigniting its traction and revenue growth rates, I declare that investors should look beyond this resignation as a material detraction from the bull case and instead focus on the company's underlying prospects. According to my estimates, Zscaler is priced at 68x forward non-GAAP operating income. I believe this multiple is justified for a company ...