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Fly News Breaks for December 10, 2019
ZS
Dec 10, 2019 | 06:22 EDT
Piper Jaffray analyst Rob Owens last night downgraded Zscaler to Neutral from Overweight with a $55 price target after assuming coverage of the name. While Zscaler has an impressive growth opportunity, execution and competitive risks coupled with its current valuation "leave little room for price improvement," Owens tells investors in a research note.
News For ZS From the Last 2 Days
ZS
Feb 20, 2020 | 19:03 EST
UP AFTER EARNINGS: eHealth (EHTH) up 17.7%... Aeri Pharma (AERI) up 15.1%... Zix Corp (ZIXI) up 11.9%... Bandwidth (BAND) up 11.7%... Drobox (DBX) up 10.9%... National CineMedia (NCMI) up 8.0%... Texas Roadhouse (TXRH) up 7.2%... Sprouts Farmers (SFM) up 6.1%... Globant (GLOB) up 5.1%... SSR Mining (SSRM) up 4.4%... Pro Assurance (PRA) up 3.2%... Cardtronics (CATM) up 2.4%... SBA Communications (SBAC) up 1.9%... Floor&Decor (FND) up 1.4%. ALSO HIGHER: Baudax Bio (BXRX) up 21.5% after FDA approval of Anjeso for pain management... Sprint (S) up 5.2% after modifying T-Mobile combination closing as early as Apr. 1st. DOWN AFTER EARNINGS: TrueCar (TRUE) down 23.5%... First Solar (FSLR) down 13.7%... Livent Corp (LTHM) down 13.2%... Zscaler (ZS) down 12.3%... Appian Corp (APPN) down 10.6%... Conduent (CNDT) down 9.7%... DMC Global (BOOM) down 9.7%... Puma Biotechnology (PBYI) down 8.1%... Builders FirstSource (BLDR) down 7.7%... Fastly (FSLY) down 5.7%... Boyd Gaming (BYD) down 5.0%... Envestnet (ENV) down 4.3%... CubeSmart (CUBE) down 4.1%... BJ's Restaurants (BJRI) down 3.9%... Rogers Corp (ROG) down 3.9%... Cabot Oil (COG) down 3.8%... Universal Displays (OLED) down 2.9%... Orion Engineered Carbons (OEC) down 2.6%... Nabors (NBR) down 2.6%... Covanta Holding (CVA) down 2.4%... Vici Properties (VICI) down 1.9%... Aspen Aerogels (ASPN) down 1.6%... Fitbit (FIT) down 1.2%. Movers as of 18:30ET.
ZS
Feb 20, 2020 | 15:04 EST
Pre-earnings options volume in Zscaler is 3.2x normal with calls leading puts 7:3. Implied volatility suggests the market is anticipating a move near 16.1%, or $10.43, after results are released. Median move over the past eight quarters is 15.5%.
ZS
Feb 20, 2020 | 14:03 EST
Notable companies reporting after the market close, with earnings consensus, include SBA Communications (SBAC), consensus 39c... Consolidated Edison (ED), consensus 80c... Universal Display (OLED), consensus 74c... Zscaler (ZS), consensus 3c... Dropbox (DBX), consensus 14c... Cabot Oil & Gas (COG), consensus 30c... First Solar (FSLR), consensus $2.72... Globus Medical (GMED), consensus 52c... Floor & Decor (FND), consensus 21c... Texas Roadhouse (TXRH), consensus 52c... Boyd Gaming (BYD), consensus 47c... Builders FirstSource (BLDR), consensus 35c... Fastly (FSLY), consensus (11c)... Sprouts Farmers (SFM), consensus 13c... Fitbit (FIT), consensus 3c.