Unusually active option classes on open June 2nd » 09:4006/0206/02/20
BZUN, DKS, CLDR, NIO, RIOT, BB, NOK, COTY, WYNN, ZS
Unusual total active…
Unusual total active option classes on open include: Baozun (BZUN), Dicks (DKS), Cloudera (CLDR), NIO (NIO), Riot Blockchain (RIOT), BlackBerry (BB), Nokia (NOK), Coty (COTY), Wynn Resorts (WYNN), and Zscaler (ZS).
Zscaler price target raised to $105 from $63 at BMO Capital » 09:0106/0106/01/20
BMO Capital analyst Keith…
BMO Capital analyst Keith Bachman raised the firm's price target on Zscaler to $105 from $63 and keeps a Market Perform rating on the shares after its "strong" Q3 results that suggested the company is "minimally affected" by COVID-19. Zscaler's ZPA solution is experiencing better-than-expected adoption due to work-from-home activity, while the quarter's performance is also boosting his confidence in the company's sales execution, the analyst tells investors in a research note. Bachman adds that Zscaler offers "significant" longer-term opportunity in terms of market share potential.
Zscaler CEO: Companies built for the cloud will be winners » 18:2405/2905/29/20
In an interview on…
In an interview on CNBC's Mad Money, Jay Chaudhry said the biggest thing COVID-19 has done is accelerate digital transformation. He said Zscaler is well positioned to capitalize on the work from home trend that has resulted from the pandemic.
Zscaler price target raised to $100 from $80 at Baird » 09:2905/2905/29/20
Baird analyst Jonathan…
Baird analyst Jonathan Ruykhaver raised the firm's price target on Zscaler to $100 from $80 and keeps an Outperform rating on the shares. Zscaler last night beat consensus expectations for revenue, billings, and non-GAAP earnings for the quarter, Ruykhaver tells investors in a research note. Demand for ZIA and ZPA both increased, as COVID-19 drove organizations to adapt modern zero trust security architecture and achieve cost savings from consolidating point products around true multi-tenant platforms, adds the analyst. He sees a "long runway for growth" for the company.
Fly Intel: Pre-market Movers » 09:0905/2905/29/20
PRTY, PCG, BIG, VMW, DELL, ZS, CGC, CIR, CRM, COST, AVEO
Check out this morning's…
Zscaler price target raised to $115 from $75 at Rosenblatt » 08:5505/2905/29/20
Rosenblatt analyst Yun…
Rosenblatt analyst Yun Kim raised the firm's price target on Zscaler to $115 from $75 and reiterates a Buy rating on the shares. The company last night became one of the select few software companies that beat and raised in the current earnings season, Kim tells investors in a post-earnings research note. Zscaler reported "strong" fiscal Q3 billings, raised its billings guidance for the year, and commented that it did not see any slowdown in its business due to COVID-19, says the analyst. Kim believes Zscaler is perhaps the best-positioned security software company to benefit from the current secular trend towards cloud-based security platform.
Defense Innovation Unit picks Zscaler for secure cloud management project » 08:3405/2905/29/20
Zscaler announced that…
Zscaler announced that the Defense Innovation Unit, DIU, a U.S. Department of Defense organization, selected Zscaler to deliver a secure cloud management solution. Zscaler will provide zero trust access to protect DIU users and cloud services from cyberthreats no matter where personnel are working or what devices they are using. With a successful DIU prototype, the Zscaler solution has the potential to scale to other DoD organizations through a production Other Transaction agreement. DIU strengthens U.S. national security by accelerating adoption of commercial technology throughout the Department of Defense. The DIU secure cloud management solution, powered by the Zscaler platform, will allow DIU users to securely access SaaS applications across Amazon Web Services, Google Cloud and Microsoft Azure. Zscaler Internet Access (ZIA) and Zscaler Private Access can protect organizations across a multi-cloud environment with a wide range of applications and infrastructure including SaaS, PaaS and IaaS environments. Zscaler is a zero trust leader with proven benefits and leadership including: Security at scale: DIU expects the solution to be able to scale to 500,000 concurrent users and 1 million endpoints. Zscaler is architected to handle an unlimited number of concurrent individual user connections. The Zscaler platform processes more than 100 billion transactions per day, blocks approximately 100 million threats per day and applies approximately 120,000 security updates daily to protect customers.
Zscaler price target raised to $105 from $65 at DA Davidson » 08:1605/2905/29/20
DA Davidson analyst…
DA Davidson analyst Andrew Nowinski raised the firm's price target on Zscaler to $105 from $65 and keeps a Buy rating on the shares. The company's "impressive" quarter benefited from the COVID-19 outbreak, which should come as no surprise as its entire platform is based on the ability to connect remote workers more efficiently and securely to applications, the analyst tells investors in a research note. Nowinski adds that Zscaler's July-quarter pipeline may be weakening, but he remains positive on the company's overall pipeline remaining strong, with the pandemic accelerating the "digital transformation".
Zscaler price target raised to $100 from $80 at Cowen » 07:3905/2905/29/20
Cowen analyst Nick Yako…
Cowen analyst Nick Yako raised the firm's price target on Zscaler to $100 from $80 and keeps an Outperform rating on the shares. The analyst raised his estimates across the board following solid earnings and good forward guidance. He said its execution was stellar, demand in ZPA surged, and its Q4 guidance implies a much higher trajectory ending the year.
Zscaler price target raised to $100 from $80 at Wedbush » 07:1605/2905/29/20
Wedbush analyst Daniel…
Wedbush analyst Daniel Ives raised the firm's price target on Zscaler to $100 from $80 and keeps an Outperform rating on the shares after the company's "jaw dropping" Q3 performance. Ives says Zscaler is the best pure play in the cloud security arena, which he thinks is still in the very early innings of taking off with overall hybrid cloud workloads poised to meaningfully accelerate over the coming years and in this climate could see some strategic deals moved forward as the shift to cloud outside the firewall is catalyzing sales cycles.