RBC Capital increased its price target for cybersecurity firm Zscaler to $210, maintaining an "Outperform" rating due to the company's strong financial results and AI innovation. Zscaler reported a 25% rise in revenue and Annual Recurring Revenue, surpassing Wall Street expectations, while narrowing its net loss significantly. CEO Jay Chaudhry highlighted the growth potential of their AI-focused Zero Trust technology, positioning Zscaler for sustained expansion in the cybersecurity market.
Zscaler is rated a Buy due to strong demand for AI-driven security solutions and a credible plan to double its annual recurring revenue (ARR) to $7.6 billion by 2031. The company reported $3.8 billion in ARR last quarter, a 25% increase year-over-yea...
Zscaler's shares rose 6% after reaffirming its full-year revenue forecast of $3.91-$3.94 billion and announcing a collaboration with IBM and Red Hat to protect private applications during vulnerability windows. This news boosted the entire cybersecur...
Zscaler CEO Jay Chaudhry has sold 2,852 shares of the company, generating $550,000 from the transaction. This sale could indicate personal financial planning or portfolio rebalancing by the CEO. Investors might watch for any further insider activity ...
Pomerantz LLP is investigating Zscaler for potential securities fraud following the company's Q3 2026 revenue guidance that missed expectations and the departure of its Chief Revenue Officer, Mike Rich. Zscaler's stock fell sharply after both events,...
Zscaler reaffirmed its fiscal 2027 guidance, easing concerns about leadership changes, but Jefferies views its $10 billion annual recurring revenue (ARR) target for 2031 as ambitious. The cybersecurity firm aims for over $8 billion ARR by 2031, imply...
