Following the transaction, Rich Michael J. holds 115,966 shares of Zscaler (NASDAQ:ZS) stock, which includes 58 shares acquired through the company's Fiscal Year 2018 Employee Stock Purchase Plan on December 16, 2024. For comprehensive analysis of Zscaler and access to detailed Pro Research Reports covering 1,400+ top stocks, visit InvestingPro. For comprehensive analysis of Zscaler and access to detailed Pro Research Reports covering 1,400+ top stocks, visit InvestingPro.
Following the transaction, Rich Michael J. holds 115,966 shares of Zscaler stock, which includes 58 shares acquired through the company's Fiscal Year 2018 Employee Stock Purchase Plan on December 16, 2024. For comprehensive analysis of Zscaler and access to detailed Pro Research Reports covering 1,400+ top stocks, visit InvestingPro.
Following the transaction, Rich Michael J. holds 115,966 shares of Zscaler stock, which includes 58 shares acquired through the company's Fiscal Year 2018 Employee Stock Purchase Plan on December 16, 2024.
In other recent news, Zscaler has been the subject of significant developments. Analysts from Bernstein SocGen Group maintained an Outperform rating on Zscaler shares, despite a decrease in billings growth last quarter. The analyst revised the revenue model for Zscaler to better reflect sales effectiveness and customer growth. Meanwhile, Nokia (HE:NOKIA) has adopted Zscaler's Zero Trust Exchange platform to enhance its cloud security and operational efficiency.
In a recent 2025 CIO Survey by Piper Sandler, a record 87% of respondents anticipate budget increases in 2025, with Zscaler identified as well-positioned to benefit from increased focus on cloud and data security. BMO Capital Markets maintained its Outperform rating on Zscaler and raised its price target to $222, reflecting confidence in the company's market position and potential for growth, despite the announced retirement of Zscaler's CFO.
RBC Capital Markets also reiterated an Outperform rating on Zscaler's stock, setting a price target at $230. This followed Zscaler's impressive first quarter performance, which led to an optimistic revision of the financial forecast for fiscal year 2025. These are the recent developments in the tech sector, providing investors with a snapshot of Zscaler's current position.
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