Zscaler started at neutral with $30 stock price target at UBS
Zscaler started at neutral with $30 stock price target at UBS
Zscaler Inc.
ZSUSOpenBack To Top
$
0.69
2.46%
$
28.76
| Previous Close |
|---|
| $28.07 |
Volume:
301.9K
65 Day Avg. - 2.8M
27.75
Day Low/High
29.46
26.06
52 Week Low/High
34.83
Key Data
- Open $28.03
- Day Range 27.75 - 29.46
- 52 Week Range 26.06 - 34.83
- Market Cap $3.29B
- Shares Outstanding 117.33M
- Public Float 45.28M
- Beta 1.27
- Rev. per Employee $181.58K
- P/E Ratio n/a
- EPS $-0.37
- Yield n/a
- Dividend n/a
- Ex-Dividend Date n/a
- Short Interest 1.36M 03/29/18
- % of Float Shorted 3.00%
- Average Volume 2.78M
Performance
| 5 Day |
|
| 1 Month | n/a |
| 3 Month | n/a |
| YTD | n/a |
| 1 Year | n/a |
Recent News
- MarketWatch
- Other Dow Jones
Zscaler stock rises after Needham, Credit Suisse initiate coverage with bullish ratings
Shares of cloud-based security company Zscaler Inc. are up 1.9% in premarket trading Tuesday following a raft of initiation notes from analysts. Credit Suisse's Brad Zelnick initiated coverage with an outperform rating, writing that the company has a large total addressable market and strong "first-mover" advantage. "While relative valuation appears rich, we believe Zscaler's opportunity is large enough, its secular tailwinds great enough, its offerings compelling enough, and its management team sufficiently capable to execute on its opportunity, exceed embedded expectations, and eventually deliver shareholders profitable long-term growth," wrote Zelnick, who has a $33 price target on shares. Needham's Alex Henderson initiated the stock with a strong buy rating and a $35 price target. Zscaler's stock closed at $26.54 on Monday. "We believe Zscaler is going to be a major company and recommend investors take a core position in the name," Henderson wrote. "The best corollary we can offer investors is Arista Networks , which grew from $400 million in revenue at the time of launch to a multi-billion revenue-base company." Shares are up 66% from their March IPO price of $16.
Smartsheet files for initial public offering after Dropbox, Zscalar debuts
Smartsheet Inc. said it is launching an initial public offering, according to a filing with the Securities and Exchange Commission Monday. The Bellevue, Wash.-based cloud-based business collaboration software said it hopes to raise up to $100 million but that amount is often used as a placeholder and revised in a later filing. Morgan Stanley, J.P. Morgan, Jefferies and RBC Capital Markets are listed as underwriters. Smartsheet reported fiscal 2018 revenue of $111.3 million with a loss of $49.1 million, compared to revenue of $67 million and a loss of $15.2 million in the year previous. The company plans to list under the ticker symbol "SMAR" on the New York Stock Exchange. The filing comes following the success of tech IPOs like Dropbox Inc. and Zscalar Inc. .
Dropbox raises IPO price range
Dropbox said in a filing Wednesday morning that it was raising the expected range for its IPO pricing to between $18 and $20 a share. The prior range was between $16 and $18 a share. Reuters reported Monday that demand was strong and that Dropbox's IPO was oversubscribed. Dropbox is expected to price late Thursday and begin trading on Friday. Cloud-based security firm Zscaler Inc. priced its own public offering above its elevated range last week, and shares proceeded to double in their first day of trading Friday. Spotify Technology is expected to complete its public listing in early April.
Zscaler stock pulls back after booming first trading day
Shares of Zscaler Inc. are down 17.6% in their second day of trading Monday, after more than doubling on Friday. Zscaler's initial public offering priced at $16, and the stock closed at $33 on Friday. Fellow unicorn Dropbox Inc. is expected to go public as well later this week. Though much of the tech sector is down in Monday trading due to concerns about Facebook Inc. , the far sharper decline in Zscaler's stock price speaks to the volatility of recent IPOs. The cloud-based security company has seen 5.1 million shares trade hands in Monday's session. Shares of other relatively recent big tech IPOs are down sharply during the session as well, with Stitch Fix Inc.'s stock off 6.5% and Roku Inc.'s stock down 6.9%. The S&P 500 has fallen 1.7% and the Nasdaq Composite Index is off 2.2%.
Breaking
Zscaler shares more than double on first day of trade to close at $33
Zscaler shares more than double on first day of trade to close at $33
Zscaler stock jumps 70% in trading debut in positive sign for tech IPOs
Shares of Zscaler Inc. , the first Silicon Valley tech unicorn to go public in 2018, surged 70% in their first trading debut Friday after they were priced above range in the company's IPO. The stock was up more than $11 at $27.41 in its first 10 minutes of trade. Zscaler sells cloud security software that lets IT departments monitor all the traffic on your corporate network while protecting it. The company sold 12 million shares to raise $192 million with Morgan Stanley and Goldman Sachs acting as lead underwriters. The S&P 500 was up 0.4%. The stock is trading on Nasdaq under the ticker symbol "ZS."
Zscaler stock jumps 70% in its trading debut
Zscaler stock jumps 70% in its trading debut
Breaking
Zscaler reportedly prices IPO above already raised range
Cloud-based security company Zscaler Inc. reportedly priced its initial public offering above an already elevated range late Thursday. The company priced its IPO at $16 a share, according to IPO Boutique. Zscaler shares begin trading on the Nasdaq on Friday under the ticker symbol ZS. The company was originally planning to sell 10 million shares for $10 to $12 apiece, but recently bumped that up to 12 million shares and a $13-to-$15 price range.
Zscaler increases size, price of IPO
Zscaler Inc. increased the size and target price of its initial public offering Tuesday morning, ahead of an expected market debut Friday. In an updated filing with the Securities and Exchange Commission, the security-software company said it now expects to sell at least 12 million shares at a price of $13 to $15 apiece, after previously seeking to sell 10 million shares at $10 to $12 each. At the midpoint of its new price range, Zscaler would pull in $168 million at an initial market cap of $1.64 billion. Zscaler expects to trade on the Nasdaq exchange under the ticker symbol ZS, and underwriters--led by Morgan Stanley and Goldman Sachs--have access to 1.8 million additional shares that could push the totals higher.
DocuSign Files for IPO
Electronic-signature company DocuSign Inc. has filed preliminary documents for an initial public offering.
- on The Wall Street Journal
Dropbox IPO Defies Market’s Gravity With 36% Jump
Shares of Dropbox surged in their market debut, a sign of investors’ thirst for a big-name tech initial public offering with solid growth prospects.
- on The Wall Street Journal
Dropbox May Get a Little Help From Its Friends
Dropbox has a big valuation to live up to. But other richly valued cloud stocks—and the huge premium Salesforce.com just paid for MuleSoft—could help sell the latest tech IPO.
- on The Wall Street Journal
No Profit? No Problem! Loss-Making Companies Flood the IPO Market
When Dropbox Inc. and Spotify Technology SA complete their initial public offerings in the coming weeks, they will join a growing list of newly public companies that aren't making money.
- on The Wall Street Journal
Recent News
- Other News
- Press Releases
Wall Street Weighs In On Zscaler As Analyst Quiet Period Expires
Wall Street Weighs In On Zscaler As Analyst Quiet Period Expires
- on benzinga.com
DocuSign Files for IPO
Electronic-signature company DocuSign Inc. has filed preliminary documents for an initial public offering.
- on The Wall Street Journal
Dropbox IPO Defies Market’s Gravity With 36% Jump
Shares of Dropbox surged in their market debut, a sign of investors’ thirst for a big-name tech initial public offering with solid growth prospects.
- on The Wall Street Journal
Dropbox May Get a Little Help From Its Friends
Dropbox has a big valuation to live up to. But other richly valued cloud stocks—and the huge premium Salesforce.com just paid for MuleSoft—could help sell the latest tech IPO.
- on The Wall Street Journal
Zscaler's IPO Debut: What It Means For The IPO Market
Zscaler's IPO Debut: What It Means For The IPO Market
- on Seeking Alpha
Stocks To Watch: Wake-Up Call For The IPO Market
Stocks To Watch: Wake-Up Call For The IPO Market
- on Seeking Alpha
Zscaler Completes SOC 2, Type II Certification
- on GlobeNewswire
Zscaler Inc.
Zscaler, Inc. provides cloud-based Internet security platform. It offers security products such as web security, Cloud Sandboxing and firewall, and Zcaler private access. The company also offers Security Cloud, a comprehensive, carrier-grade internet security, and compliance platform. Zscaler was founded by Jay Chaudhry and K. Kailash in September 2007 and is headquartered in San Jose, CA. (See Full Profile)
Analyst Ratings
Number of Ratings 10
Full Ratings
Benzinga's Top Upgrades, Downgrades For April 10, 2018
- on Benzinga.com
