Why You Should Not Give Up on Zscaler Despite Microsoft's Cybersecurity Push
Zscaler (NASDAQ: ZS) stock plunged in Wednesday trading on news that Microsoft (NASDAQ: MSFT) has added a suite of cybersecurity products to Microsoft Entra. This directly affects Zscaler, as Microsoft Entra Private Access includes a zero-trust solution.
However, in selling Zscaler stock, investors seemed to have ignored the state of the cybersecurity industry, specifically zero-trust products. Such an oversight could lead to a unique buying opportunity in Zscaler stock.
Zscaler's stock fell by about 12% following the announcement from Microsoft. Indeed, the stock is still up by almost 64% from its May low, so it may have been due for a correction. It also notably began regaining momentum the next day.
Source Fool.com
Zscaler Inc Stock
€175.02
0.740%
With 67 Buy predictions and 1 Sell predictions Zscaler Inc is one of the favorites of our community.
As a result the target price of 205 € shows a slightly positive potential of 17.13% compared to the current price of 175.02 € for Zscaler Inc.
