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Cantor Fitzgerald Reaffirms Their Buy Rating on Zscaler (ZS)

Tipranks - Tipranks - Thu Jun 11, 8:12AM CDT

Cantor Fitzgerald analyst Jonathan Ruykhaver reiterated a Buy rating on Zscaler today and set a price target of $225.00.

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According to TipRanks, Ruykhaver is a 5-star analyst with an average return of 23.0% and a 61.68% success rate. Ruykhaver covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, SailPoint, Inc., and Fortinet.

In addition to Cantor Fitzgerald, Zscaler also received a Buy from B. Riley Securities’s Erik Suppiger 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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