Is It Finally Time to Buy Zscaler Stock?
After a couple of years of brutal treatment from the market, it looks like Zscaler (NASDAQ: ZS) stock is making a comeback. A rapid rally in recent weeks has sent the cloud security software company's shares from a negative trailing-three-year return to a more healthy looking 47% increase over the last 36 months.
Why the sudden change? Up until recent earnings updates, Zscaler had been reporting slowing revenue growth (an inevitable effect as the company grows larger), but rising employee stock-based compensation. With this most glaring issue getting gradually fixed, is it finally time to buy Zscaler stock?
Pressure is mounting on businesses as the global economy slows in 2023. Some worry a recession is here already. Even the high-flying cloud industry has been experiencing a slowdown as companies tighten their financial belts.
Source Fool.com
Zscaler Inc Aktie
Mit 105 Buy-Einschätzungen und keiner einzigen Sell-Einschätzung ist Zscaler Inc einer der Lieblinge unserere Community.
Das Kursziel von 227 € für Zscaler Inc weist auf eine Steigerung von über 20% gegenüber dem aktuellen Kurs von 157.2 € hin.
