ZS Stock Recent News

While Zscaler's (ZS) long-term growth story remains compelling, the stock's current valuation and key technical indicators suggest that now may not be the ideal time to buy aggressively.

Earnings Results to be Released on Tuesday, September 3, After the Close of the Market Earnings Results to be Released on Tuesday, September 3, After the Close of the Market

Zscaler reported its Q3 FY24 earnings in late May where revenue and earnings grew 32% and 90% YoY, respectively, as it continued to penetrate the Enterprise segment and the Federal market. The company hosted its Investor Day, where they have expanded their TAM to $96B as they drive robust internal product innovation while acquiring Avalor and Airgap to strengthen its positioning. With customers generating $100K+ and $1M+ ARR steadily growing, it is also benefiting from vendor consolidation as well as an account-centric approach to acquisition and upsell.

Zscaler (ZS) closed at $165.75 in the latest trading session, marking a +0.31% move from the prior day.

Zscaler proved to be one of the few software companies that didn't disappoint this earnings season. The company delivered 32% YoY revenue growth and its first quarter with positive GAAP net income. Despite a projected sequential slowdown in growth blamed on salesforce attrition, the stock continues to look attractive given the valuation and strong financial metrics.

Recently, Zacks.com users have been paying close attention to Zscaler (ZS). This makes it worthwhile to examine what the stock has in store.

Zscaler (ZS) reachead $179.35 at the closing of the latest trading day, reflecting a +1.47% change compared to its last close.

Key Findings: ThreatLabz tracked an 18% increase in ransomware attacks year-over-year Manufacturing, healthcare, and technology sectors were the top targets of ransomware attacks The United States remains the top target of ransomware, experiencing nearly 50% of overall attacks, followed by the United Kingdom, Germany, Canada, and France ThreatLabz identified 19 new ransomware families during the analysis period, bringing the total number to 391 since tracking started SAN JOSE, Calif., July 30, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Ransomware Report , which analyzed the ransomware threat landscape from April 2023 through April 2024.

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

The latest trading day saw Zscaler (ZS) settling at $191.07, representing a +1.41% change from its previous close.