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Zscaler (ZS): New Buy Recommendation for This Technology Giant

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

In a report released yesterday, Catharine Trebnick from Rosenblatt Securities maintained a Buy rating on Zscaler, with a price target of $200.00. The company’s shares closed yesterday at $125.84.

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Trebnick covers the Technology sector, focusing on stocks such as Zscaler, Zoom Video Communications, and SentinelOne. According to TipRanks, Trebnick has an average return of -3.0% and a 43.54% success rate on recommended stocks.

In addition to Rosenblatt Securities, 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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