While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable. Price, Consensus and EPS Surprise They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of fir ...

Zacks Premium also includes the Zacks Style Scores. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. Value Score Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected ...

This cybersecurity specialist seems set for better times following its latest quarterly report. 2024 has been a bad year so far for Zscaler (ZS 1.75%) investors as share prices of the cybersecurity specialist are down 17%. However, its fiscal 2024 third-quarter results (for the quarter ended April 30) were released on May 30 and they suggest the rest of 2024 may be better. Let's look at the reasons this cybersecurity stock could sustain its new-found momentum. Zscaler's fiscal Q3 revenue increased 32% year ...

The rapid advancement of AI is becoming a primary game-changer to accelerate cybersecurity innovations. To effectively manage IT operations and combat threats at scale, enterprises must fully harness their massive volumes of data to equip an offensive and proactive security posture. The new Zscaler ZDX Copilot, a first-ofits-kind digital experience monitoring copilot, with NVIDIA NeMo Guardrails, offers network, device, and application performance insights to enable simplified IT support and operations at s ...

Zscaler™ and the other trademarks listed at https://www.zscaler.com/legal/trademarks are either (i) registered trademarks or service marks or (ii) trademarks or service marks of Zscaler, Inc. in the United States and/or other countries. Any other trademarks are the properties of their respective owners. The rapid advancement of AI is becoming a primary game-changer to accelerate cybersecurity innovations. To effectively manage IT operations and combat threats at scale, enterprises must fully harness their m ...

Core Insights - Zscaler and Google partnership aims to enhance enterprise security by providing secure access to applications without relying on traditional VPNs, addressing the vulnerabilities associated with legacy security approaches [1][6][8] Group 1: Cybersecurity Challenges - 56% of organizations faced VPN-related cyberattacks in the past year, with 91% expressing concerns about VPNs compromising their IT security [1] - Traditional security measures like endpoint security agents and VDI are costly and complex, leading to poor user experiences [12] Group 2: Zscaler and Google Integration - Zscaler's integration with Google Workspace enhances data protection by preventing the exfiltration of sensitive data from applications like Gmail and Google Drive [2][6] - The collaboration allows organizations to apply Data Loss Prevention (DLP) capabilities and manage user access effectively [2][8] Group 3: Zero Trust Security Model - Google has pioneered zero trust access, enabling secure corporate resource access without VPNs, aligning with Zscaler's vision for a zero trust model [3][6] - The integration with Chrome Enterprise will provide advanced threat and data protection for hundreds of millions of enterprise users [6][7] Group 4: Security Operations Enhancement - Zscaler's security telemetry shared with Google Security Operations improves threat detection and response capabilities for organizations [13] - The integration allows for actionable data within Google Security Operations, streamlining investigations and enhancing security posture [13]

Core Viewpoint - Zscaler, a cloud-based security company, is experiencing a slowdown in growth and faces challenges in the current macroeconomic environment, leading to a potential stabilization or decline in its stock price over the next 12 months [2][8]. Company Performance - Zscaler's calculated billings grew at a compound annual growth rate (CAGR) of 51% from fiscal 2018 to fiscal 2023, while revenue rose at a CAGR of 53% [3]. - For the full year, Zscaler expects calculated billings to rise by 28% and revenue by 32%, with analysts projecting a 23% revenue growth for fiscal 2025 [4]. - Adjusted earnings per share (EPS) are expected to grow by 67%-68% for the full year, surpassing analysts' expectations of 64% growth, but only 13% growth is anticipated for fiscal 2025 [5]. Market Position and Challenges - Zscaler remains unprofitable on a GAAP basis since its IPO, with expectations of profitability not occurring until fiscal 2026 [6]. - The company has seen a stock decline of over 20% year-to-date, with insiders selling nearly 10 times as many shares as they bought in the past 12 months [7]. Growth Metrics - Zscaler's calculated billings growth year-over-year is projected to decrease from 40% in Q3 2023 to 30% in Q3 2024, while revenue growth is expected to decline from 46% to 32% in the same period [11]. - Despite the cooling growth, adjusted gross margin remained steady at 81%, and adjusted operating margin expanded by 7 percentage points to 20% due to tighter cost controls [11]. Valuation Concerns - Zscaler's stock is currently valued at 52 times its forward adjusted earnings and 10 times next year's sales, indicating limited upside potential at these levels [12].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _to_ Commission File Number: 001-38413 ZSCALER, INC. (Exact Name of Registrant as Specified in its Charter) Delaware (State or other jurisdiction of incorporation or organization) 26-1173892 (I.R.S. Employe ...

Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both. Zacks Premium includes access to the Zacks Style Scores as well. The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days. The Styl ...

Zscaler Investor Innovations Briefing - Zenith Live 2024 Wednesday, June 12, 2024 10:15 a.m. PT (1:15 p.m. ET) A live webcast and replay will be available on the Investor Relations section of the Zscaler website at https://ir.zscaler.com. Zscaler (NASDAQ:ZS) accelerates digital transformation so customers can be more agile, efficient, resilient, and secure. The Zscaler Zero Trust Exchange™ platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and app ...