Zscaler (NASDAQ: ZS), the cloud security company announced that Amit Sinha, the company’s CTO and President of R&D, Operations, and Customer Service had resigned, effective from October 21.
Sinha has taken up the position of CEO at a privately-held technology company. However, Dr. Sinha will continue to be on the company’s Board of Directors, and the R&D, Cloud Operations, and Customer Support functions will now report directly to Jay Chaudhry, Chairman, and CEO.
Is ZS a Buy or Sell?
Analysts continue to be bullish about Zscaler with a Strong Buy consensus rating based on 20 Buys and five Holds. The average analyst forecast for ZS stock is $219.67, implying an upside potential of 39.8% at current levels.
