What Are The Chances Of Zscaler Inc (NASDAQ: ZS) Becoming A Clear Buy?

After Hours

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. The stock was recently discussed on Yahoo Finance as it revealed that Zscaler Introduces Industry’s first Zero Trust SASE, Built on Zero Trust AI.

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Stocks Info

As a NASDAQ listed company, ZS falls under the Technology sector while operating within the Software – Infrastructure industry segment. At the end of the last regular session, the stock closed at $238.06 and fluctuated between $240.36 as its day high and $235.44 as its day low. The current market capitalization of Zscaler Inc is $35.31B. A total of 1.03 million shares were traded on the day, compared to an average of 2.04M shares.

Insider Activity

Aside from predicting where a stock will go, investors also consider insider trades as an indicator of the stock’s future direction. During the recent three months, ZS has seen 3 BUY and 8 SELL insider trades, representing the acquisition of 40,249 and the disposition of 14,360 shares. Over the last 12 months, there were 10 BUYs and 66 SELLs from insiders. Insiders purchased 200,539 shares during that period but sold 239,890.

In the most recent transaction, BLASING KAREN sold 7,000 shares of ZS for 236.24 per share on Jan 31. After the transaction, the Director now owns 39,539 company shares. In a previous transaction on Jan 17, BLASING KAREN sold 7,000 shares at 224.47 per share. ZS shares that Director owns now total 35,706.

Among the insiders who sold shares, BLASING KAREN disposed of 7,000 shares on Jan 03 at a per-share price of $210.31. This resulted in the Director holding 31,873 shares of ZS after the transaction. In another insider transaction, Sinha Amit sold 3,680 shares at $224.28 per share on Dec 28. Company shares held by the Director now total 31,280.

In spite of price targets being rarely accurate, it tends to exert some kind influence from time to time, and was often accepted by the market as having some value. In terms of 52-week highs and lows, ZS has a high of $246.38 and a low of $84.93.

As of this writing, ZS has an earnings estimate of $0.58 per share for the current quarter. EPS was calculated based on a consensus of 35 estimates, with a high estimate of $0.69 per share and a lower estimate of $0.57. The company reported an EPS of $0.64 in the last quarter, which was 30.60% higher than expectations of $0.49.

Balance Sheet Annually/Quarterly

The balance sheet of a company shows what assets and liabilities a company has, as well as the amount, equity investors have invested. With the help of this information, a company’s financial ratios can be calculated to give investors an overview of the company’s prospects. ZS’s latest balance sheet shows that the firm has $1.50B in Cash & Short Term Investments as of fiscal 2021. There were $964.61M in debt and $720.21M in liabilities at the time. Its Book Value Per Share was $5.44, while its Total Shareholder’s Equity was $528.89M.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for ZS is Buy with a score of 4.54.

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