Zscaler (NASDAQ:ZS) Rating Reiterated by Mizuho

Zscaler (NASDAQ:ZSGet Rating)‘s stock had its “buy” rating reiterated by investment analysts at Mizuho in a research note issued on Friday, TipRanks reports. They presently have a $210.00 target price on the stock. Mizuho’s price target would indicate a potential upside of 31.25% from the stock’s current price.

Other research analysts have also issued reports about the stock. Barclays raised their price target on shares of Zscaler from $147.00 to $168.00 and gave the company an “equal weight” rating in a research note on Friday. Morgan Stanley decreased their target price on shares of Zscaler from $325.00 to $225.00 and set an “overweight” rating on the stock in a research note on Thursday, May 19th. JMP Securities initiated coverage on shares of Zscaler in a research note on Tuesday, February 22nd. They issued a “market perform” rating and a $350.00 target price on the stock. Stifel Nicolaus decreased their target price on shares of Zscaler from $310.00 to $300.00 and set a “buy” rating on the stock in a research note on Monday, March 21st. Finally, Credit Suisse Group decreased their target price on shares of Zscaler from $410.00 to $310.00 and set an “outperform” rating on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and twenty-five have assigned a buy rating to the company. According to MarketBeat, Zscaler presently has a consensus rating of “Buy” and a consensus price target of $248.26.

Shares of ZS stock traded up $17.87 during mid-day trading on Friday, hitting $160.00. 6,762,148 shares of the stock were exchanged, compared to its average volume of 2,752,404. The company has a market cap of $22.57 billion, a PE ratio of -67.23 and a beta of 1.09. Zscaler has a 52-week low of $125.12 and a 52-week high of $376.11. The firm has a fifty day moving average of $198.42 and a 200 day moving average of $251.18. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 1.74.

Zscaler (NASDAQ:ZSGet Rating) last issued its quarterly earnings results on Thursday, May 26th. The company reported $0.17 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $286.81 million for the quarter, compared to analyst estimates of $271.47 million. Zscaler had a negative net margin of 38.47% and a negative return on equity of 51.11%. Zscaler’s quarterly revenue was up 62.6% compared to the same quarter last year. During the same period last year, the company posted ($0.30) EPS. Equities analysts predict that Zscaler will post -2.34 EPS for the current year.

In other Zscaler news, CFO Remo Canessa sold 4,696 shares of Zscaler stock in a transaction dated Wednesday, March 16th. The stock was sold at an average price of $203.09, for a total transaction of $953,710.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Amit Sinha sold 7,358 shares of the stock in a transaction dated Wednesday, March 16th. The shares were sold at an average price of $203.09, for a total value of $1,494,336.22. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 36,779 shares of company stock worth $7,896,977. 20.30% of the stock is owned by company insiders.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Zscaler by 0.9% during the first quarter. Vanguard Group Inc. now owns 7,611,843 shares of the company’s stock worth $1,836,586,000 after purchasing an additional 68,301 shares during the last quarter. Capital Research Global Investors grew its stake in Zscaler by 40.4% during the 1st quarter. Capital Research Global Investors now owns 4,377,330 shares of the company’s stock worth $1,056,162,000 after buying an additional 1,259,876 shares during the last quarter. First Trust Advisors LP increased its position in Zscaler by 75.2% during the first quarter. First Trust Advisors LP now owns 2,265,816 shares of the company’s stock worth $546,696,000 after buying an additional 972,637 shares during the period. Nuveen Asset Management LLC lifted its stake in Zscaler by 3.3% in the fourth quarter. Nuveen Asset Management LLC now owns 1,220,097 shares of the company’s stock valued at $392,054,000 after buying an additional 38,586 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Zscaler by 6.1% in the fourth quarter. Geode Capital Management LLC now owns 1,074,070 shares of the company’s stock valued at $344,632,000 after acquiring an additional 61,346 shares during the period. 43.41% of the stock is owned by hedge funds and other institutional investors.

Zscaler Company Profile (Get Rating)

Zscaler, Inc operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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