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Let’s Talk About How Zscaler Inc. (NASDAQ: ZS) Stock Is Doing.

In today’s recent session, 1.1 million shares of the Zscaler Inc. (NASDAQ:ZS) have been traded, and its beta is 0.81. Most recently the company’s share price was $126.66, and it changed around $2.19 or 1.76% from the last close, which brings the market valuation of the company to $17.87B. ZS at last check was trading at a discount to its 52-week high of $194.21, offering almost -53.33% off that amount. The share price’s 52-week low was $84.93, which indicates that the recent value has risen by an impressive 32.95% since then. We note from Zscaler Inc.’s average daily trading volume that its 10-day average is 3.11 million shares, with the 3-month average coming to 3.16 million.

Zscaler Inc. stock received a consensus recommendation rating of an Overweight, based on a mean score of 2.00. If we narrow it down even further, the data shows that 0 out of 39 analysts rate the stock as a Sell; another 2 rate it as Overweight. Among the rest, 12 recommended ZS as a Hold, whereas 25 deemed it a Buy, and 0 rated it as Underweight. Zscaler Inc. is expected to report earnings per share of $0.42 for the current quarter.

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Zscaler Inc. (NASDAQ:ZS) trade information

Instantly ZS has been showing a green trend so far today with a performance of 1.76% on intraday trading today. The performance over the last five days has remained in the green territory. The rise to weekly highs of 130.87 on Tuesday, 05/23/23 increased the stock’s daily price by 3.22%. The company’s shares are currently up 13.19% year-to-date, but still up 6.64% over the last five days. On the other hand, Zscaler Inc. (NASDAQ:ZS) is 37.20% up in the 30-day period. We can see from the shorts that 8.36 million shares have been sold at a short interest cover period of 3.42 day(s).

The consensus price target as assigned by Wall Street analysts is $150.87, which translates to bulls needing to increase their stock price by 16.05% from its current value. Analyst projections state that ZS is forecast to be at a low of $120.00 and a high of $225.00. In order for the stock price to hit the forecast high, the stock would need to plunge -77.64% from its current level, while the stock would need to crash 5.26% from its current level to reach the projected low.

Zscaler Inc. (ZS) estimates and forecasts

Zscaler Inc. share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -6.81 percent over the past six months and at a 123.19% annual growth rate that is well above the industry average of 12.20%. Moreover, analysts have decided to roll up on their fiscal year 2023 revenue estimates. The rating firms predict that it will gain 147.10% in revenue this quarter, and will report an increase of 88.00% in the next quarter. The year-over-year growth rate is expected to be 45.70%, up from the previous year.

Consensus estimates provided by 24 financial analysts predict the company will bring in an average of $417.16 million in revenue for the current quarter. 24 analysts expect Zscaler Inc. to make $429.02 million in revenue for the quarter ending Jul 2023. The company’s sales for the same quarters a year ago were $286.81 million and $318.06 million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 45.40%. Forecasts for the next quarter put sales growth at 34.90%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -48.50%. Zscaler Inc. earnings are expected to increase by -43.40% in 2023, but the outlook is positive 61.04% per year for the next five years.

ZS Dividends

Zscaler Inc.’s next quarterly earnings report is expected to be released around May 24 and May 29.

Zscaler Inc. (NASDAQ:ZS)’s Major holders

Upon looking at major shareholders, it appears that insiders hold 39.80% of Zscaler Inc. shares, and 49.35% of them are in the hands of institutional investors. The stock currently has a share float of 81.97%. Zscaler Inc. stock is held by 894 institutions, with Vanguard Group, Inc. (The) being the largest institutional investor. By Mar 30, 2023, it held 5.72% of the shares, which is about 8.3 million shares worth $969.19 million.

Blackrock Inc., with 4.08% or 5.93 million shares worth $692.27 million as of Mar 30, 2023, holds the second largest percentage of outstanding shares.

Vanguard Total Stock Market Index Fund and Vanguard Mid-Cap Index Fund were the top two Mutual Funds as of Dec 30, 2022. The former held 2.63 million shares worth $293.95 million, making up 1.81% of all outstanding shares. On the other hand, Vanguard Mid-Cap Index Fund held roughly 2.01 million shares worth around $225.14 million, which represents about 1.39% of the total shares outstanding.

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