Zscaler (ZS) option implied volatility elevated into quarter results

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Zscaler (ZS) PT Lowered to $238 at Bernstein SocGen Group

September 5, 2024 5:28 AM UTC

Bernstein SocGen Group analyst Peter Weed lowered the price target on Zscaler (NASDAQ: ZS) to $238.00 (from $270.00) while maintaining a Outperform rating.

The analyst comments "Zscalers FQ424 delivered an expanding beat, with revenue coming in >4% above consensus (larger than the 3%+ beats the prior two... More

Goldman Sachs Reiterates Neutral Rating on Zscaler (ZS)

September 4, 2024 7:44 AM UTC

Goldman Sachs analyst Gabriela Borges reiterated a Neutral rating and $177.00 price target on Zscaler (NASDAQ: ZS).

The analyst comments "Zscaler is indicated -12% AH post 4QFY EPS. Management guided for FY25 billings growth of 19-20% yoy, 1% above the Street; guidance for revenue... More

Rosenblatt Reiterates Neutral Rating on Zscaler (ZS)

September 4, 2024 6:40 AM UTC

Rosenblatt analyst Catherine Trebnick reiterated a Neutral rating and $190.00 price target on Zscaler (NASDAQ: ZS).

The analyst comments "Zscaler delivered an impressive quarter, exceeding guidance and Street expectations across multiple fronts. Revenue grew 30% Y/Y, the FCF margin of 27% was a record... More

Zscaler (ZS) PT Lowered to $170 at Cantor Fitzgerald

September 4, 2024 6:34 AM UTC

Cantor Fitzgerald analyst Jonathan Ruykhaver lowered the price target on Zscaler (NASDAQ: ZS) to $170.00 (from $200.00) while maintaining a Neutral rating.

The analyst comments "We reiterate our Neutral rating and reduce our price target to $170 from $200 following F4Q24 results. Zscaler delivered a strong finish to FY24,... More

Zscaler (ZS) PT Lowered to $250 at UBS

September 4, 2024 5:44 AM UTC

UBS analyst Fatima Boolani lowered the price target on Zscaler (NASDAQ: ZS) to $250.00 (from $270.00) while maintaining a Buy rating.

The analyst comments "F4Q results were strong, with 27% billing growth and upside to both OpM and FCF, but it's clear investors are viewing... More

Zscaler (ZS) PT Lowered to $180 at Wells Fargo

September 4, 2024 5:32 AM UTC

Wells Fargo analyst Andrew Nowinski lowered the price target on Zscaler (NASDAQ: ZS) to $180.00 (from $182.00) while maintaining a Equal Weight rating.

The analyst comments "ZS fell 15% AMC following fairly strong 4Q24 results, though billings guidance for FY25 was slightly below expectations and very... More

Zscaler (ZS) PT Lowered to $225 at Jefferies

September 4, 2024 5:18 AM UTC

Jefferies analyst Joseph Gallo lowered the price target on Zscaler (NASDAQ: ZS) to $225.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "F4Q billings growth of 27% vs cons 24% was overshadowed by 1H25 guide of 13% yoy. While GTM changes & prev weaker F1H... More

Zscaler (ZS) PT Lowered to $220 at JPMorgan

September 4, 2024 5:14 AM UTC

JPMorgan analyst Brian Essex lowered the price target on Zscaler (NASDAQ: ZS) to $220.00 (from $230.00) while maintaining a Overweight rating.

The analyst comments "A Heads Up Before Is Better Than An Explanation After. ZS delivered solid 4Q24 results but guidance pointing to weaker than expected 1H25 billings required some explanation. Softer billings for the first half of FY25 had been telegraphed by the company last quarter, but the magnitude of implied deceleration was a bit of a surprise. Billings growth of 27% y/y for 4Q24 was better than consensus estimates while revenue, operating... More

Zscaler (ZS) PT Lowered to $205 at BTIG

September 4, 2024 5:11 AM UTC

BTIG analyst Gray Powerll lowered the price target on Zscaler (NASDAQ: ZS) to $205.00 (from $220.00) while maintaining a Buy rating.

The analyst comments "ZS delivered strong FQ4/July results and provided an initial outlook for FY25 that bracketed street estimates across all metrics. While trends were positive, the big sticking point for investors from the call was commentary around linearity for the year, which implies a material deceleration in first half billings growth before reaccelerating in... More