Zscaler Inc Gets a Hold Rating from Morgan Stanley
In a report released today, Melissa Franchi from Morgan Stanley maintained a Hold rating on Zscaler Inc (NASDAQ: ZS), with a price target of $31. The company’s shares closed yesterday at $37.79.
According to TipRanks.com, Franchi is ranked #4428 out of 4826 analysts.
Currently, the analyst consensus on Zscaler Inc is Moderate Buy and the average price target is $33.10, representing a -12.4% downside.
In a report released yesterday, Deutsche Bank also maintained a Hold rating on the stock with a $35 price target.
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Based on Zscaler Inc’s latest earnings release for the quarter ending April 30, the company reported a quarterly GAAP net loss of $8.77 million. In comparison, last year the company had a GAAP net loss of $7.56 million.
Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ZS in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Zscaler, Inc. provides cloud-based Internet security platform. It offers security products such as web security, Cloud Sandboxing and firewall, and Zcaler private access. The company also offers Security Cloud, a comprehensive, carrier-grade internet security, and compliance platform.