Is BlackBerry Limited price going up? Cumulative Growth of a $10,000 Investment in Stock AdvisorZscaler Stock Might Be in Trouble, and Competition Is the Culprit @themotleyfool #stocks $ZS $FTNT $PANW Zscaler last closed at a record of $109.98 on June 1. (TMFBargainBin) Why Zscaler Stock Is Heading Lower Today The expensive stock is facing some volatility. Have Watchlists? Shares were up 1.4% premarket and have gained 136% in the year to date, outperforming the S&P 500 , which has fallen 3.5%. Zscaler shares touched an intraday high of $115.17 and were last up 7.7% at $114.38, while the S&P 500 index was up 0.1% and the ETFMG Prime Cyber Security ETF was up 0.5%. In a Thursday note, Morgan Stanley analyst Keith Weiss upgraded Zscaler to equal-weight from underweight and raised his price target to $104. Looking at the stock we see that its previous close was $121.72 and the beta (5Y monthly) reads 0.72 with the day’s price range being $122.31 – 125.58. Copyright © 2020 MarketWatch, Inc. All rights reserved. Cumulative Growth of a $10,000 Investment in Stock AdvisorWhy Shares of Zscaler Crashed Today @themotleyfool #stocks $ZS Zscaler Inc (NASDAQ: ZS) stock rose 9.98% on 7 th September, 2018 after the company’s stock price target raised by Credit Suisse Group from $38.00 to $46.00. Deferred revenue grew 70% year-over-year to $164.0 million. Zscaler closes above $100 for first time on coronavirus work-from-home … Is BlackBerry Limited a profitable investment? Analysts expect a loss of 6 cents a share on revenue of $53.3 million for the first quarter of 2019, and a loss of 14 cents a share on revenue of $245.9 million for the FY 19.We use cookies to ensure that we give you the best experience on our website. Q4 2019 sales notched a 53% rate, and Zscaler's guidance upgrade for 2020 (35% growth at the midpoint) still implies a sharp drop-off at some point this year. Zscaler Inc. shares [: ZS] are up more than 25% in Friday trading and on track for their largest single-day percentage gain on record after the cloud security company posted better-than-expected earnings that showed the company is "a clear stay-at-home beneficiary," according to FBN Securities analyst Shebly Seyrafi. Of the 24 analysts who cover Zscaler, 11 have overweight or buy ratings, 12 have hold ratings, and one has a sell rating, along with an average target price of $95.19, according to FactSet data. Fourth quarter calculated billings grows 72% year-over-year to $95.4 million.ZS expects an adjusted loss of 6 cents to 5 cents a share on revenue of $58 million to $59 million for the first quarter of 2019, and an adjusted loss of 13 cents to 12 cents a share on revenue of $250 million to $260 million for the FY 19. The real bane for high-flying technology stocks right now is revenue slowdown. U.S. futures are mixed and overseas markets are moving less than they have in recent trading sessions. Non-GAAP loss from operations was $2.4 million, or 4% of total revenue, compared to $7.2 million in the fourth quarter of fiscal 2017, or 20% of total revenue. "In our opinion, Zscaler is the best pure play in the cloud security arena, which we believe is still in the very early innings of taking off with overall hybrid cloud workloads poised to meaningfully accelerate over the coming years," he wrote.
Free cash flow was $11.9 million, or 21% of total revenue, compared to negative free cash flow of $5.4 million, or 15% of total revenue, in the fourth quarter of fiscal 2017. Zscaler Stock Might Be in Trouble, and Competition Is the Culprit The war for cybersecurity market share appears to be taking its toll, with valuations for the tech upstart becoming too high.
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