Zscaler, Inc. (ZS) operates as a cloud security company worldwide.
The company provides Zscaler Internet Access solution that provides users, servers, operational technology, internet of things, and device secure access to externally managed applications, including software-as-a-service (SaaS) 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 also offers Zscaler Digital Experience that measures end-to-end user experience across key business applications, providing an easy to understand digital experience score for each user, application, and location within an enterprise.
In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as to prevent application compromise and reduce the risk of data breaches.
Its platform includes Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Nanolog Server modules. Zscaler, Inc. 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 "flag formation" following it's latest quarterly report. On December 2nd, the company reported 1st Quarter October 2020 earnings of $0.12 per share on revenue of $142.6 million. The consensus earnings estimate was $0.06 per share on revenue of $132.4 million. Revenue grew 52.3% on a year-over-year basis. Higher share prices are expected for this stock.
Last Trade: $183.50
Trading Range: $35.00 - $189.65
Stop Loss: $175.00
Target Price: $201.85
ZS closed at $205.00