Rosenblatt analyst Catharine Trebnick raised the firm’s price target on Zscaler (ZS) to $330 from $315 and keeps a Buy rating on the shares after the company delivered “strong” quarterly results, “substantially exceeding” expectations for both growth and profitability. The company “put a ribbon on the quarter with exceptionally strong guidance,” which was well ahead of Street revenue expectations even when backing out the contribution from the Red Canary acquisition, the analyst added.
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Read More on ZS:
- Zscaler price target raised to $351 from $348 at JPMorgan
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