Zscaler (NASDAQ:ZS) issued an update on its first quarter earnings guidance on Wednesday morning. The company provided earnings per share guidance of $0.05-0.06 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. The company issued revenue guidance of $131-133 million, compared to the consensus revenue estimate of $126.58 million.Zscaler also updated its FY 2021
After-Hours guidance to 0.28-0.30 EPS.
Several research firms have commented on ZS. BMO Capital Markets increased their price objective on shares of Zscaler from $105.00 to $137.00 in a research report on Wednesday, August 19th. Royal Bank of Canada increased their price target on shares of Zscaler from $130.00 to $141.00 and gave the company an outperform rating in a report on Tuesday. OTR Global upgraded Zscaler to a positive rating in a research report on Friday, August 14th. Loop Capital began coverage on Zscaler in a research report on Thursday, August 20th. They set a buy rating and a $160.00 price objective on the stock. Finally, Citigroup lifted their target price on Zscaler from $152.00 to $198.00 and gave the stock a buy rating in a report on Thursday, September 3rd. Twelve analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. Zscaler presently has a consensus rating of Buy and a consensus target price of $115.00.
Shares of Zscaler stock traded up $1.02 on Wednesday, hitting $134.19. 4,482,262 shares of the company traded hands, compared to its average volume of 3,087,561. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.08. The company has a market cap of $17.38 billion, a PE ratio of -238.27 and a beta of 0.76. The stock’s 50 day moving average price is $131.10 and its 200-day moving average price is $91.94. Zscaler has a 52 week low of $35.00 and a 52 week high of $163.80.
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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