JMP Securities Thinks Zscaler’s Stock is Going to Recover

In a report released today, Trevor J. Walsh from JMP Securities maintained a Buy rating on Zscaler (ZS – Research Report), with a price target of $280.00. The company’s shares closed last Thursday at $142.13, close to its 52-week low of $125.12.

According to TipRanks.com, Walsh ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -26.7% and a 20.0% success rate. Walsh covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, Palo Alto Networks, and CyberArk Software.

Currently, the analyst consensus on Zscaler is a Strong Buy with an average price target of $248.62, a 90.4% upside from current levels. In a report issued on May 23, RBC Capital also maintained a Buy rating on the stock with a $200.00 price target.

See today’s best-performing stocks on TipRanks >>

Zscaler’s market cap is currently $18.71B and has a P/E ratio of -55.63.

Based on the recent corporate insider activity of 81 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ZS in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.

Read More on ZS:

• Box (BOX) Gets a Buy Rating from JMP Securities
• Clearway Energy (CWEN) Receives a Buy from Evercore ISI
• Splunk (SPLK) Receives a Buy from Evercore ISI
• Analysts’ Top Industrial Goods Picks: Douglas Dynamics (PLOW), Gentherm (THRM)
• Analysts’ Top Consumer Goods Picks: AutoZone (AZO), Williams-Sonoma (WSM)