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Fly News Breaks for August 1, 2019
ZS
Aug 1, 2019 | 18:27 EDT
BMO Capital analyst Keith Bachman initiated Zscaler with a Market Perform rating and a price target of $100. The analyst believes that the company can grow its revenue by an average of 32% over his 7-year discount-cash-flow model forecast thanks to the share gains in the SWG business, but he prefers to await a "better entry point" to get constructive on the stock.
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