Wedbush analyst Daniel Ives lowered his price target for Zscaler to $80 from $90 to reflect a more conservative 2020 outlook. The analyst reiterates an Outperform rating on the shares as the company delivered a "strong" end to 2019 results, with Zscaler handily beat Street expectations across the board with 53% revenue growth and a billings performance which beat expectations by 8%.

Zscaler announced innovations - ZDX Copilot, Hosted Monitoring, and Data Explorer - to its Zscaler Digital Experience service. The new ZDX Copilot, an AI assistant, instantly analyzes and harnesses knowledge from over 500 trillion data points daily across users, devices, networks, and applications, to provide IT operations, service desk, and security teams insights they need related to digital experience and performance. Teams can ask sequences of questions to effectively converse with Copilot, which uses Generative AI, to review high-level trends and progressively narrow results down to specific actionable insights.