Zscaler, Inc. (NASDAQ:ZS) is a leading cloud security company that provides internet security services to businesses worldwide. The company is known for its innovative approach to cybersecurity, offering solutions that protect users and data from cyber threats. Zscaler competes with other cybersecurity firms like Palo Alto Networks and Fortinet.
On March 5, 2025, Mike Cikos from Needham set a price target of $240 for ZS, suggesting a potential increase of approximately 24.81% from the current price of $192.29. This optimistic outlook comes as Zscaler prepares to release its second-quarter financial results. Analysts expect earnings of 69 cents per share, a decrease from 76 cents per share in the same period last year. However, the company is projected to see a rise in quarterly revenue to $635 million, up from $525 million a year ago.
Ahead of the earnings release, Zscaler's stock saw a 2.7% increase, closing at $193.82. Barclays analyst Saket Kalia, with a 77% accuracy rate, maintained an Overweight rating on the stock and increased the price target from $220 to $250 on February 21, 2025. This reflects confidence in Zscaler's growth potential despite the anticipated drop in earnings per share.
The current stock price of ZS is $192.15, reflecting a decrease of 0.86% or $1.67. Today, the stock has traded between a low of $189.58 and a high of $193.60. Over the past year, ZS has reached a high of $217.84 and a low of $153.45. The company's market capitalization stands at approximately $29.48 billion, with a trading volume of 892,406 shares on the NASDAQ.
