Morgan Stanley Keeps a Hold Rating on Zscaler Inc (ZS)
Morgan Stanley analyst Melissa Franchi maintained a Hold rating on Zscaler Inc (ZS) today and set a price target of $41. The company’s shares closed on Tuesday at $37.21.
According to TipRanks.com, Franchi is a 1-star analyst with an average return of -7.4% and a 39.3% success rate. Franchi covers the Technology sector, focusing on stocks such as Forescout Technologies Inc, Tenable Holdings Inc, and Proofpoint Inc.
Currently, the analyst consensus on Zscaler Inc is a Moderate Buy with an average price target of $44.67.
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Based on Zscaler Inc’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $7.59 million. In comparison, last year the company had a GAAP net loss of $11.4 million.
Based on the recent corporate insider activity of 34 insiders, corporate insider sentiment is negative on the stock.
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Zscaler, Inc. provides cloud-based internet security platform. It specializes in Zscaler internet access, threat prevention, data protection, and Zscaler private access. Its services also include enterprise network security which offers integration point positioned in the data path providing secure access to the internet, cloud, and internal applications.