Shares of Zscaler Inc (NASDAQ:ZS) have been assigned a consensus recommendation of “Hold” from the eighteen ratings firms that are presently covering the stock, Marketbeat reports. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $65.60.
A number of research firms have recently issued reports on ZS. Bank of America set a $77.00 price objective on Zscaler and gave the stock a “neutral” rating in a report on Friday, May 31st. Deutsche Bank upped their price objective on Zscaler from $57.00 to $76.00 and gave the stock a “hold” rating in a report on Wednesday, May 29th. Piper Jaffray Companies cut their price objective on Zscaler from $82.00 to $70.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Cowen cut their price objective on Zscaler from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, September 11th. Finally, UBS Group cut their price objective on Zscaler from $70.00 to $53.00 and set a “neutral” rating for the company in a report on Thursday, September 12th.
In other news, Director Karen Blasing sold 1,000 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $47.02, for a total value of $47,020.00. Also, EVP Amit Sinha sold 44,982 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $84.96, for a total value of $3,821,670.72. The disclosure for this sale can be found here. Insiders have sold a total of 170,561 shares of company stock valued at $14,152,448 in the last ninety days. 27.40% of the stock is currently owned by corporate insiders.
Shares of NASDAQ ZS opened at $50.35 on Tuesday. The firm has a market capitalization of $6.36 billion, a P/E ratio of -419.58 and a beta of 1.29. The stock’s 50-day simple moving average is $70.77 and its two-hundred day simple moving average is $72.04. Zscaler has a twelve month low of $30.72 and a twelve month high of $89.54.
Zscaler (NASDAQ:ZS) last announced its earnings results on Tuesday, September 10th. The company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.06. The business had revenue of $86.11 million for the quarter, compared to analyst estimates of $82.15 million. Zscaler had a negative return on equity of 9.78% and a negative net margin of 9.46%. On average, sell-side analysts expect that Zscaler will post -0.22 EPS for the current fiscal year.
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.
Recommended Story: Buy-Side Analysts
Receive News & Ratings for Zscaler Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Zscaler and related companies with MarketBeat.com's FREE daily email newsletter.