The Zscaler, Inc. (NASDAQ:ZS) is going down by -1.55% in today’s trading session, a fall equivalent to -1.13% of the stock’s price from yesterday’s market close. A news came out on 08/06/19 stating that Zscaler to Host Fourth Quarter and Fiscal Year 2019 Earnings Conference Call by WSJ. The lowest point that the shares touched during the trading session was $71.34, while the peak of the day was recorded at a share price of $74.5101. ZS finished the previous session at $72.99 according to the data provided by Barchart, while the trading volume was observed to be $938,191.
In the 100 days of trading, ZS managed to top a 75.24% Moving average. Additionally, Zscaler, Inc. shares have achieved a 52-week range between 30.72 and 89.54 alongside 100 days raw stochastic set at 39.74%.
The number of shares outstanding, according to the fundamentals of the company, is set at 122.97M, equal to the value of $8.98B in market capitalization. Financial analysts indicate that ZS shares should be still ranked as a “Outperform”. In the last 30 days, Zscaler, Inc. shares went down by -19.87%, adding 89.54 to growth in value, on top of a +2.69% boost since 07/22/19.
Zscaler, Inc. (NASDAQ:ZS) Analyst’s Estimates
Zscaler, Inc. (ZS) could record at least $0.02 per share in quarterly earnings in the upcoming report on 09/10/2019, a number that would actually represent an increase of 10.23% YOY.
According to the average analyst rating, Zscaler, Inc. would be rated as 2.39. Out of 18 different analysts monitoring ZS stock, 3 analysts rate the stock as a BUY, 8 suggest to give the rating of HOLD, 6 indicate that ZS is an OUTPERFORM, 0 rated the stock as a SELL, and 1 analyst believes that the stock should be rated as UNDERPERFORM.
On Aug-02-19, the stock earned a Initiated rating due to a new analyst call from BMO Capital Markets, while analysts from Needham believe that the stock is set at Strong Buy, as concluded on May-31-19. Berenberg, is still rather wary about the stock, deciding to keep the rating at Hold as confirmed through a call on May-31-19.
Regardless of the rating, Cowen did increase their price to $85 as they are considering target share price analysis. Credit Suisse, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-09-19, giving the stock a Outperform rating.
ZS Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +80.08% has been attained, while the operating margin has been recorded at -13.98%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at -10.50%. Additionally, Zscaler, Inc. is recording price volatility of 5.69% for the period of the last seven days and 4.42% in the last 30 days.
Zscaler, Inc. (NASDAQ:ZS) Technical Outlook
For the period of the last 50 days, Zscaler, Inc. had its Raw Stochastic average set at 9.57% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 9.57%. Stochastic %K for Zscaler, Inc., with the last 20 days included, was set at 10.05%, having Stochastic %D topping 10.89%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be encouraging for Zscaler, Inc. stocks with recording 83.30% in metrics.
Zscaler, Inc. Insider Watch:
As far as the position of shares issued by Zscaler, Inc. (NASDAQ:ZS) for the period concluded at the market close of 08/21/19, 179 institutional investors increased their positions in ZS shares by 10,327,160, 100 decreased positions by 11,036,738 and 16 institutional investors decided to hold positions at 22,538,709. These numbers put the complete list of institutional holdings set at 43,902,607 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 98 institutional investments with 3,922,217 new shares in addition to having 27 institutional investors selling their positions in 1,061,153 shares.