Spotlight on Zscaler: Analyzing the Surge in Options Activity
Portfolio Pulse from Benzinga Insights
Financial analysts observed a surge in options activity for Zscaler (NASDAQ:ZS), with a bullish sentiment prevailing among 52% of traders. The analysis highlighted significant trades within a price window of $175.0 to $360.0 for Zscaler. The company, known for its cloud-native cybersecurity solutions, is currently trading at $244.44, with an anticipated earnings release in 2 days. Professional analysts have set an average price target of $229.8 for ZS, with ratings ranging from Neutral to Buy.
February 27, 2024 | 3:30 pm
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Zscaler observed a bullish trend in options trading, with a current stock price of $244.44 and an upcoming earnings release. Analysts have set varied price targets, indicating mixed expectations.
The bullish sentiment in options trading, combined with the upcoming earnings release and the current trading price close to analysts' average target, suggests a positive short-term impact. However, the mixed analyst ratings and the anticipation of the earnings report introduce some uncertainty, moderating the confidence level.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100