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Zscaler (ZS) Receives a Buy from Guggenheim

Tipranks - Tipranks - Thu Jun 11, 6:52AM CDT

In a report released today, John Difucci from Guggenheim maintained a Buy rating on Zscaler, with a price target of $214.00.

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Difucci covers the Technology sector, focusing on stocks such as Rubrik, Inc. Class A, ServiceNow, and Zscaler. According to TipRanks, Difucci has an average return of 17.4% and a 61.39% success rate on recommended stocks.

In addition to Guggenheim, Zscaler also received a Buy from Needham’s Mike Cikos in a report issued today. However, on the same day, Morgan Stanley maintained a Hold rating on Zscaler (NASDAQ: ZS).

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Based on Zscaler’s latest earnings release for the quarter ending April 30, the company reported a quarterly revenue of $850.48 million and a GAAP net loss of $13.88 million. In comparison, last year the company earned a revenue of $678.03 million and had a GAAP net loss of $4.13 million

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