Zscaler price target lowered to $180 from $200 at Wedbush

Wedbush analyst Daniel Ives lowered the firm’s price target on Zscaler to $180 from $200 and keeps an Outperform rating on the shares. Zscaler’s earnings beat Street expectations on the top and bottom-line, maintaining impressive margin discipline leading through to the bottom-line, Ives tells investors in a research note. The analyst continues to believe Zscaler is a top name in the space to own amid the cloud cyber security shift acceleration over the next decade.