Morgan Stanley Keeps a Sell Rating on Zscaler (ZS)
In a report released today, Melissa Franchi from Morgan Stanley maintained a Sell rating on Zscaler (ZS), with a price target of $37.00. The company’s shares closed last Monday at $66.18.
According to TipRanks.com, Franchi is a 1-star analyst with an average return of -6.9% and a 41.8% success rate. Franchi covers the Technology sector, focusing on stocks such as Forescout Technologies, CyberArk Software, and Tenable Holdings.
Zscaler has an analyst consensus of Moderate Buy, with a price target consensus of $64.38.
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The company has a one-year high of $89.54 and a one-year low of $35.00. Currently, Zscaler has an average volume of 2.59M.
Based on the recent corporate insider activity of 80 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZS in relation to earlier this year.
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Zscaler, Inc. engages in the provision of cloud-based internet security platform. It operates through the United States and Rest of the World geographical segments. It offers Zcaler internet access, private access, and platform. The company was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA.
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