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Zscaler (ZS) Receives a Buy from Stifel Nicolaus

Tipranks - Tipranks - Fri Jun 12, 7:40AM CDT

Stifel Nicolaus analyst Adam Borg maintained a Buy rating on Zscaler today and set a price target of $175.00.

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Borg covers the Technology sector, focusing on stocks such as Autodesk, CrowdStrike Holdings, and PTC. According to TipRanks, Borg has an average return of 12.0% and a 61.47% success rate on recommended stocks.

In addition to Stifel Nicolaus, Zscaler also received a Buy from Truist Financial’s Junaid Siddiqui in a report issued today. However, yesterday, 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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