UPDATE: DA Davidson Starts Zscaler (ZS) at Buy

(update PT, comment)

DA Davidson analyst Andrew Nowinski initiates coverage on Zscaler (NASDAQ: ZS) with a Buy rating, PT $55.00.

The analyst comments "While we have near-term concerns related to the global macro and potential disruption from the recent head of sales change, we believe the move to the cloud, tailwinds from the Microsoft partnership, SD-WAN adoption, and the growing opportunity within the Public Sector vertical more than offset these concerns."

For an analyst ratings summary and ratings history on Zscaler click here. For more ratings news on Zscaler click here.

Shares of Zscaler closed at $45.83 yesterday.

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