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Fly News Breaks for March 1, 2019
ZS
Mar 1, 2019 | 09:53 EDT
Needham analyst Alex Henderson raised his price target on Zscaler to $65 and kept his Strong Buy rating after its Q2 earnings beat, saying its 74% increase in calculated billings also supported its priced-for-perfection valuation. The analyst adds that the company offered a "myriad" of positive data points along with a 57bps beat in gross margins and a "solid" operating leverage.
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