News stories about Zscaler (NASDAQ:ZS) have been trending somewhat positive on Sunday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by monitoring more than 6,000 news and blog sources in real time. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Zscaler earned a media sentiment score of 1.60 on their scale. InfoTrie also assigned press coverage about the company an news buzz score of 10 out of 10, indicating that recent media coverage is extremely likely to have an impact on the company’s share price in the immediate future.
These are some of the news stories that may have impacted Zscaler’s analysis:
- $99.01 Million in Sales Expected for Zscaler Inc (NASDAQ:ZS) This Quarter (americanbankingnews.com)
- IMPORTANT INVESTOR NOTICE: The Schall Law Firm Announces it is Investigating Claims Against Zscaler Inc. and Encourages Investors with Losses In Excess of $100,000 to Contact the Firm – Yahoo Finance (finance.yahoo.com)
- Primed To Move Up :: Zscaler, Inc., (NASDAQ: ZS) – Times Of New York (timesofnewyork.net)
- Somewhat Positive Media Coverage Extremely Likely to Affect Zscaler (NASDAQ:ZS) Share Price (americanbankingnews.com)
ZS stock opened at $46.70 on Friday. The stock’s fifty day simple moving average is $45.76 and its two-hundred day simple moving average is $64.31. Zscaler has a 1-year low of $34.21 and a 1-year high of $89.54. The stock has a market cap of $5.97 billion, a P/E ratio of -389.17 and a beta of 1.22.
Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, December 3rd. The company reported $0.03 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.11. The firm had revenue of $93.59 million during the quarter, compared to analyst estimates of $89.81 million. Zscaler had a negative return on equity of 9.46% and a negative net margin of 9.46%. The business’s revenue was up 47.9% compared to the same quarter last year. During the same period last year, the firm posted $0.01 EPS. As a group, equities research analysts forecast that Zscaler will post -0.24 earnings per share for the current year.
A number of research analysts have recently weighed in on the company. Morgan Stanley restated a “sell” rating and issued a $40.00 target price on shares of Zscaler in a report on Thursday. BMO Capital Markets decreased their price target on Zscaler from $60.00 to $58.00 and set a “market perform” rating for the company in a report on Wednesday. Citigroup assumed coverage on Zscaler in a research report on Monday, October 14th. They issued a “neutral” rating and a $50.00 price target for the company. DA Davidson restated an “outperform” rating and set a $58.00 price objective on shares of Zscaler in a research note on Wednesday. Finally, Credit Suisse Group restated an “outperform” rating and set a $70.00 price objective (down from $78.00) on shares of Zscaler in a research note on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and ten have issued a buy rating to the company. Zscaler presently has an average rating of “Hold” and a consensus price target of $62.70.
In related news, insider Robert Schlossman sold 2,000 shares of Zscaler stock in a transaction that occurred on Monday, November 25th. The shares were sold at an average price of $50.00, for a total value of $100,000.00. Following the sale, the insider now owns 94,966 shares of the company’s stock, valued at approximately $4,748,300. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Karen Blasing sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $50.46, for a total value of $50,460.00. Following the completion of the transaction, the director now owns 2,595 shares in the company, valued at approximately $130,943.70. The disclosure for this sale can be found here. Insiders have sold 7,000 shares of company stock valued at $345,300 in the last 90 days. 23.80% of the stock is currently owned by corporate insiders.
Zscaler Company Profile
Zscaler, Inc operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
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