These sales were conducted under a Rule 10b5-1 trading plan, which was adopted on January 4, 2024. As of the latest transaction, Canessa holds 217,423 shares of Zscaler (NASDAQ:ZS) stock. For deeper insights into Zscaler's valuation metrics and 12 additional exclusive ProTips, visit InvestingPro. For deeper insights into Zscaler's valuation metrics and 12 additional exclusive ProTips, visit InvestingPro.
These sales were conducted under a Rule 10b5-1 trading plan, which was adopted on January 4, 2024. As of the latest transaction, Canessa holds 217,423 shares of Zscaler stock. For deeper insights into Zscaler's valuation metrics and 12 additional exclusive ProTips, visit InvestingPro.
These sales were conducted under a Rule 10b5-1 trading plan, which was adopted on January 4, 2024. As of the latest transaction, Canessa holds 217,423 shares of Zscaler stock.
In other recent news, Zscaler, a prominent player in cloud security, has been the focus of several significant updates. Bernstein SocGen Group, maintaining an Outperform rating, has reiterated a $238 price target for Zscaler, emphasizing the company's expected sales effectiveness and customer growth, despite a decrease in billings growth last quarter. Meanwhile, Nokia (HE:NOKIA) has adopted Zscaler's Zero Trust Exchange platform to enhance its security and operational efficiency, a move that aligns with Nokia's cloud-first strategy.
In the wake of the 2025 CIO Survey, Piper Sandler analysts highlighted Zscaler as a beneficiary of increased IT spending, particularly in the realm of cloud and data security. BMO Capital Markets also raised its price target for Zscaler to $222 from $197, maintaining an Outperform rating, despite the imminent retirement of the company's CFO. RBC Capital Markets reiterated an Outperform rating on Zscaler's stock, with a price target set at $230.00, following Zscaler's robust first quarter performance and an optimistic revision of the financial forecast for fiscal year 2025. These recent developments underscore Zscaler's solid performance and growth potential in the technology sector.
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