Zscaler rings the opening bell on the Nasdaq alternate in New York, March 16, 2018.
The roll out of recent merchandise ought to assist ZScaler seize extra market share within the fast-growing community safety trade, in response to BMO Capital Markets.
Analyst Keith Bachman upgraded the community safety inventory to outperform from market carry out, saying in a notice to purchasers on Tuesday night time that the corporate had a pathway for “sturdy progress.”
The corporate launched its fiscal third-quarter outcomes on Tuesday, reporting 15 cents in adjusted earnings per share on $176.4 million in income. Each numbers had been comfy above what analysts had been anticipating, in response to Refinitiv.