Zscaler, Inc. (ZS), a prominent player in the cybersecurity sector, is gearing up to unveil its fourth-quarter financial results after the market closes on Tuesday, September 3rd. Analysts are expecting robust performance from the San Jose, California-based company, projecting earnings of 69 cents per share, an increase from the 64 cents per share earned in the corresponding period last year. Zscaler itself has indicated that it anticipates quarterly revenue of $567.93 million, a significant jump from the $455.01 million recorded in the same quarter of the previous year, according to data compiled by Benzinga Pro.
Zscaler’s growth trajectory has been further bolstered by its strategic partnership with NVIDIA Corporation (NVDA), announced on June 11th. This alliance aims to enhance AI-driven security solutions, solidifying Zscaler’s position within the rapidly evolving cybersecurity landscape. The positive outlook for the company is reflected in its stock performance, with shares closing at $199.98 on Friday, registering a 1.4% gain.
To shed light on market sentiment and provide investors with a comprehensive view of Zscaler’s prospects, Benzinga has compiled a summary of recent analyst ratings. These ratings offer insights into analysts’ price targets and their historical accuracy rates, helping investors make informed decisions.
Analyst Ratings Breakdown
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Barclays analyst Saket Kalia
maintained an Overweight rating on August 26th, raising the price target from $210 to $230. This analyst boasts an accuracy rate of 75%.*
Morgan Stanley analyst Hamza Fodderwala
maintained an Equal-Weight rating on August 26th, boosting the price target from $202 to $215. This analyst has an accuracy rate of 74%.*
JMP Securities analyst Trevor Walsh
reiterated a Market Outperform rating with a price target of $270 on June 17th. This analyst demonstrates an accuracy rate of 86%.*
BMO Capital analyst Keith Bachman
reiterated an Outperform rating with a price target of $208 on June 14th. This analyst has an accuracy rate of 80%.*
