The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler (NASDAQ:ZS)'s equity incentive plans, and not as a discretionary trade.
The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler's equity incentive plans, and not as a discretionary trade.
The sale was made to cover tax withholding obligations related to the vesting of restricted stock units, as per Zscaler's equity incentive plans, and not as a discretionary trade.
In other recent news, Zscaler, a leader in cloud security, has seen a flurry of analyst activity. Bernstein SocGen Group maintained an Outperform rating on Zscaler shares, despite a decrease in billings growth last quarter, highlighting that the focus on billings might be misaligned with the actual health of the business. BMO (TSX:BMO) Capital Markets, RBC (TSX:RY) Capital Markets, and KeyBanc Capital Markets also reaffirmed their positive ratings on Zscaler, with BMO raising its price target to $222. These ratings come on the heels of Zscaler's robust first-quarter performance, marked by a 34% year-over-year revenue growth.
In other significant developments, Nokia (HE:NOKIA) has adopted Zscaler's Zero Trust Exchange platform to enhance its cloud security and operational efficiency. The move is expected to streamline Nokia's operations, diminish latency, and enhance security. Additionally, Zscaler has revised its financial forecast for fiscal year 2025 upwards, following a strong first quarter that exceeded expectations.
Despite the announced retirement of Zscaler's CFO, analysts maintain a positive outlook for the company's future growth and profitability. These are recent developments that provide investors with a snapshot of Zscaler's current position in the market.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.