Zscaler shares are trading higher after the company reported better-than-expected Q3 financial results. Multiple firms raised their price targets following the report.
Portfolio Pulse from Benzinga Newsdesk
Zscaler reported better-than-expected Q3 financial results, leading to multiple firms raising their price targets for the company. As a result, Zscaler shares are trading higher.
June 02, 2023 | 3:17 pm
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POSITIVE IMPACT
Zscaler's Q3 financial results exceeded expectations, causing multiple firms to raise their price targets and shares to trade higher.
Zscaler's better-than-expected Q3 financial results have led to increased confidence in the company's performance. This has resulted in multiple firms raising their price targets, which in turn has caused the stock price to trade higher. Given the direct correlation between the news and the stock price, the short-term impact is positive.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100