Barclays Stick to Their Hold Rating for Zscaler
Investing.com
Published Dec 04, 2021 04:17AM ET
Barclays (LON:BARC) analyst Saket Kalia maintained a Hold rating on Zscaler (NASDAQ:ZS) on Tuesday, setting a price target of $350, which is approximately 11.70% above the present share price of $313.35.
Kalia expects Zscaler to post earnings per share (EPS) of -$0.65 for the fourth quarter of 2021.
The current consensus among 27 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $391.3.
The analysts price targets range from a high of $440 to a low of $266.
In its latest earnings report, released on 10/31/2021, the company reported a quarterly revenue of $230.52 million and a net profit of -$74.37 million. The company's market cap is $43.89 billion.
According to TipRanks.com, Barclays analyst Saket Kalia is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 17.3% and a 58.24% success rate.
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.
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Written By: Investing.com
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