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Fly News Breaks for December 4, 2019
ZS
Dec 4, 2019 | 08:16 EDT
Baird analyst Jonathan Ruykhaver lowered his price target on Zscaler to $65 from $70 following Q1 results.The analyst beat on revenues, billings, and earnings and raised its full-year guidance. The analyst also noted positive commentary regarding the competitive environment with management continuing to call out wins in the large enterprise. He sees tough comps ahead in Q2 but said fundamentals are shaping up well. Ruykhaver reiterated his Outperform rating on Zscaler shares.