Zscaler Breaks Through Market Challenges With Impressive FQ4, Earns Analyst Applause
Portfolio Pulse from Priya Nigam
Zscaler Inc (NASDAQ:ZS) reported impressive FQ4 results, surpassing the $2B+ ARR milestone and achieving record operating margins of 18.9%. Analysts from Canaccord Genuity, Needham, Oppenheimer, Truist Securities, and JMP Securities have maintained or reiterated positive ratings, with price targets ranging from $175 to $225. Despite the positive news, Zscaler's shares declined by 0.31% to $162.23.
September 06, 2023 | 4:00 pm
News sentiment analysis
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NEUTRAL IMPACT
Zscaler's strong FQ4 results and positive analyst ratings indicate potential for growth. However, the stock price declined slightly despite the positive news.
Zscaler's strong FQ4 results and positive analyst ratings suggest a positive outlook for the company. However, the slight decline in stock price indicates that other market factors may be influencing investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100