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ZS

Zscaler

$49.30

-12.69 (-20.47%)

, PANW

Palo Alto Networks

$206.50

-4.68 (-2.22%)

07:07
09/11/19
09/11
07:07
09/11/19
07:07

Zscaler price target lowered to $60 from $100 at BMO Capital

BMO Capital analyst Keith Bachman lowered his price target on Zscaler (ZS) to $60 and kept his Market Perform rating, saying that while the 53% revenue growth reported in Q4 would be "exceptional" in "normal circumstances", it marked a deceleration from the prior quarter. The analyst also points to the competitive dynamics between Zscaler and Palo Alto (PANW) firewall vendors, noting that the valuation of the former heading into the results "left little room" for the slowdown. Bachman still points to the positives in Zscaler's Q4 results, which included high net retention rates and steady gross margins.

ZS

Zscaler

$49.30

-12.69 (-20.47%)

PANW

Palo Alto Networks

$206.50

-4.68 (-2.22%)

  • 11

    Sep

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    Sep

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    Oct

  • 15

    Oct

ZS Zscaler
$49.30

-12.69 (-20.47%)

08/19/19
OTRG
08/19/19
NO CHANGE
OTRG
Zscaler slides after OTR says checks point to weaker partner trends
Shares of Zscaler are lower after analysts at boutique firm OTR Global said in a note to investors prior to the open that their checks with the company's partners indicated that a greater proportion fell below their sales goals this quarter than last and more of them saw growth in the current quarter trailing the broader security market. OTR stated this morning that four of the 14 Zscaler partners it polled fell below their sales expectation in the fiscal fourth quarter, which is up from two of 13 polled last quarter, and seven of 11 partners said they saw growth lagging the overall security market in the fiscal fourth quarter. Win rates deteriorated quarter-over-quarter for three of 14 partners, while some large partners reported increased competition among channel partners, OTR said, according to contacts. In early afternoon trading, Zscaler shares are down $6.82, or 8.4%, to $74.09.
09/09/19
RSBL
09/09/19
INITIATION
Target $65
RSBL
Neutral
Zscaler initiated with a Neutral at Rosenblatt
Rosenblatt analyst Yun Kim initiated Zscaler with a Neutral and $65 price target.
09/11/19
PIPR
09/11/19
NO CHANGE
Target $70
PIPR
Overweight
Zscaler price target lowered to $70 from $82 at Piper Jaffray
Piper Jaffray analyst Andrew Nowinski lowered his price target for Zscaler to $70 from $82 citing reduced comparable multiples following the company's fiscal Q4 results. Despite reporting "solid" results, the shares are down around 20%, likely attributable to management's comments that large deals were taking longer to close, Nowinski tells investors in a research note. Management also guided Q1 revenue modestly below normal seasonality and likely below buy-side expectations, though the guidance was prudent given the large deal slippage, adds the analyst. However, he still believes Zscaler is well positioned against the competition and reiterates an Overweight rating on the shares.
09/11/19
LEHM
09/11/19
NO CHANGE
Target $54
LEHM
Equal Weight
Zscaler price target lowered to $54 from $80 at Barclays
Barclays analyst Saket Kalia lowered his price target for Zscaler to $54 from $80 saying the company's billings beat in fiscal Q4 will be overshadowed by lengthening sales cycles for large deals, a "seemingly prudent" billings guide, and a "tape that is selling growth names." The analyst keeps an Equal Weight rating on Zscaler shares.
PANW Palo Alto Networks
$206.50

-4.68 (-2.22%)

09/05/19
FBCO
09/05/19
NO CHANGE
Target $195
FBCO
Underperform
Palo Alto Networks price target raised to $195 from $185 at Credit Suisse
Credit Suisse analyst Brad Zelnick raised his price target for Palo Alto Networks to $195 from $185 following mixed Q4 results. The analyst also highlights the company's analyst day, where it surprised by not announcing a business model transition that had been previously telegraphed, yet cutting adjusted free cash flow margin to 30% in 2020 from 37% in 2019, without any real change in duration. Zelnick reiterates an Underperform rating on the shares.
09/05/19
GUGG
09/05/19
NO CHANGE
Target $280
GUGG
Buy
Palo Alto put cash flow fears 'to rest' with long-term guidance, says Guggenheim
Guggenheim analyst Imtiaz Koujalgi sees the key highlight of Palo Alto Networks' earnings report and analyst day as the company having provided revenue, billings, and margin guidance for the three years of FY20-FY22. Investors have been concerned about margins and cash flows for FY20 and beyond and the company's guidance should put those free cash flow fears "to rest," Koujalgi tells investors. Additionally, the company's Cloud and next-gen security business was strong in the quarter and is expected to drive growth going forward, noted Koujalgi, who keeps a Buy rating and $280 price target on Palo Alto shares.
09/05/19
WELS
09/05/19
NO CHANGE
Target $275
WELS
Outperform
Palo Alto Networks price target lowered to $275 from $300 at Wells Fargo
Wells Fargo analyst Philip Winslow lowered his price target for Palo Alto Networks to $275 from $300 after the company hosted its first analyst day since September 2017 and reported Q4 results. The analyst reiterates an Outperform rating on the shares.
09/09/19
RSBL
09/09/19
INITIATION
Target $220
RSBL
Neutral
Palo Alto Networks initiated with a Neutral at Rosenblatt
Rosenblatt analyst Yun Kim initiated Palo Alto Networks with a Neutral and $220 price target.

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ORCL

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, INTC

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ORCL

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ACRS

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KHC

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PSTV

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

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KHC

Kraft Heinz

$29.62

0.37 (1.27%)

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HMSY

HMS Holdings

$37.14

0.24 (0.65%)

18:43
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ICAD

iCAD

$6.89

-0.01 (-0.14%)

18:25
09/16/19
09/16
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Conference/Events
iCAD to hold an investor reception »

Management hosts "An…

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:18
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Corning down 5.5% or $1.64 at $28.40 per share after cutting volume outlook »

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WE

We Company

$0.00

(0.00%)

18:17
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Periodicals
We Company IPO delayed until October at earliest, WSJ reports »

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GLW

Corning

$30.04

-0.12 (-0.40%)

18:16
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Corning cuts Q3 volume guidance for Display and Optical Communications units »

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WE

We Company

$0.00

(0.00%)

18:05
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Periodicals
Breaking Periodicals news story on We Company »

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GM

General Motors

$37.21

-1.62 (-4.17%)

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Periodicals
Auto workers strike could cost GM $100M daily, WSJ says »

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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

17:57
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Hamilton Lane vice chairman sells 150K shares of common stock »

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Conference/Events
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HLNE

Hamilton Lane

$59.95

-0.51 (-0.84%)

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Hamilton Lane chairman sells 78.5K shares of common »

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  • 26

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GD

General Dynamics

$190.91

0.98 (0.52%)

, BAH

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GD

General Dynamics

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BAH

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$70.35

0.85 (1.22%)

PSN

Parsons

$37.25

0.35 (0.95%)

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  • 27

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T

AT&T

$37.32

-0.58 (-1.53%)

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  • 23

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UBER

Uber

$34.42

1.18 (3.55%)

, LYFT

Lyft

$47.78

1.68 (3.64%)

17:39
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Periodicals
Uber to limit drivers' app access in NYC to comply with rules, Reuters says »

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UBER

Uber

$34.42

1.18 (3.55%)

LYFT

Lyft

$47.78

1.68 (3.64%)

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NEE

NextEra Energy

$218.31

-0.19 (-0.09%)

17:36
09/16/19
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17:36
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Conference/Events
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NJR

New Jersey Resources

$44.80

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MEGEF

MEG Energy

$0.00

(0.00%)

17:34
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Conference/Events
MEG Energy management to meet with UBS »

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  • 18

    Sep

KMI

Kinder Morgan

$20.67

0.2 (0.98%)

17:33
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Conference/Events
Kinder Morgan management to meet with UBS »

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  • 18

    Sep

DOW

Dow Inc.

$48.98

0.79 (1.64%)

17:31
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Conference/Events
Dow Inc. management to meet with UBS »

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