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This stock was featured in January
Zscaler, Inc. (ZS) operates as a cloud security company worldwide.
The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.
It serves customers in various industries, such as airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services.
Shares have formed a bullish "wedge" and are expected to move higher out of this formation. On February 28th, Zscaler (ZS) reported 2nd Quarter January 2019 earnings of $0.04 per share on revenue of $74.3 million. The consensus estimate was a loss of $0.01 per share on revenue of $66.2 million.
The company said it expects third quarter non-GAAP earnings of approximately $0.01 per share on revenue of $74.0 million to $75.0 million. The current consensus estimate is a loss of $0.02 per share on revenue of $67.3 million for the quarter ending April 30, 2019. The company also said it expects fiscal 2019 earnings of $0.11 to $0.13 per share on revenue of $289.0 million to $291.0 million.
Entry Point: $68.00
Stop Loss: $64.60
Trading Range: $24.76 to $72.94
Target Price: $74.80
ZS closed at $75.30
