1 Green Flag and 1 Red Flag for Zscaler
Investors were generally pleased with the fiscal third-quarter update from (NASDAQ: ZS), which covered the period ended April 30. The cybersecurity specialist is on a stronger growth path right now, despite pressure on IT budgets around the world. This success confirms the mission-critical nature of its market niche while implying good returns ahead for patient shareholders. But a Zscaler investment also comes with some big risks for investors.
Let's take a closer look at Zscaler's latest operating update, both the good and the bad.
Less than two years ago, Zscaler counted roughly 200 customers who had committed to over $1 million of annual contract spending. That figure passed 400 in early 2023 after this growth segment expanded by 39% on top of the prior year's 77% spike.
Source Fool.com
Zscaler Inc Stock
The stock is one of the favorites of our community with 67 Buy predictions and 1 Sell predictions.
With a target price of 205 € there is a positive potential of 23.58% for Zscaler Inc compared to the current price of 165.88 €.
