Sunday, August 9, 2020

Market Analysts see Zscaler Inc. [ZS] gaining to $152. Time to buy?

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Zscaler Inc. [NASDAQ: ZS] jumped around 2.32 points on Thursday, while shares priced at $129.29 at the close of the session, up 1.83%. The company report on June 23, 2020 that Zscaler Announces Pricing of $1.0 Billion Offering 0.125% Convertible Senior Notes Due 2025.

Zscaler, Inc. (ZS) today announced the pricing of $1.0 billion aggregate principal amount of 0.125% convertible senior notes due 2025 (the “notes”) in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”). Zscaler also granted the initial purchasers of the notes a 13-day option to purchase up to an additional $150.0 million aggregate principal amount of notes. The offering is expected to close on June 25, 2020, subject to customary closing conditions.

The notes will be senior unsecured obligations of Zscaler and will accrue interest at a rate of 0.125% per year, payable semiannually in arrears on January 1 and July 1 of each year, beginning on January 1, 2021. The notes will mature on July 1, 2025, unless earlier converted, repurchased or redeemed. The initial conversion rate will be 6.6315 shares of Zscaler’s common stock per $1,000 principal amount of notes (equivalent to an initial conversion price of approximately $150.80 per share). The initial conversion price of the notes represents a premium of approximately 37.5% over the closing price of Zscaler’s common stock on June 22, 2020. The notes will be convertible under certain circumstances into cash, shares of Zscaler’s common stock or a combination of cash and shares of Zscaler’s common stock, at Zscaler’s election.

Zscaler Inc. stock is now 178.04% up from its year-to-date (YTD) trading value. ZS Stock saw the intraday high of $129.94 and lowest of $126.184 per share. The company’s 52-week high price is 131.31, which means current price is +269.40% above from all time high which was touched on 07/29/20.

Compared to the average trading volume of 3.50M shares, ZS reached a trading volume of 1295562 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about Zscaler Inc. [ZS]?

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for ZS shares is $106.64 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on ZS stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Citigroup have made an estimate for Zscaler Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 09, 2020. While these analysts kept the previous recommendation, RBC Capital Mkts raised their target price to Outperform. The new note on the price target was released on July 06, 2020, representing the official price target for Zscaler Inc. stock. Previously, the target price had yet another raise from $110 to $130, while Needham kept a Strong Buy rating on ZS stock.

The Average True Range (ATR) for Zscaler Inc. is set at 5.62, with the Price to Sales ratio for ZS stock in the period of the last 12 months amounting to 43.72. The Price to Book ratio for the last quarter was 50.11, with the Price to Cash per share for the same quarter was set at 2.96. Price to Free Cash Flow for ZS in the course of the last twelve months was 536.53 with Quick ratio for the last quarter at 1.60.

How has ZS stock performed recently?

Zscaler Inc. [ZS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 4.72. With this latest performance, ZS shares gained by 18.07% in over the last four-week period, additionally plugging by 124.11% over the last 6 months – not to mention a rise of 53.42% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for ZS stock in for the last two-week period is set at 63.40, with the RSI for the last a single of trading hit 66.69, and the three-weeks RSI is set at 64.68 for Zscaler Inc. [ZS]. The present Moving Average for the last 50 days of trading for this stock 108.92, while it was recorded at 125.45 for the last single week of trading, and 68.46 for the last 200 days.

Zscaler Inc. [ZS]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Zscaler Inc. [ZS] shares currently have an operating margin of -7.34 and a Gross Margin at +80.17. Zscaler Inc.’s Net Margin is presently recorded at -9.46.

Return on Total Capital for ZS is now -8.07, given the latest momentum, and Return on Invested Capital for the company is -10.40. Return on Equity for this stock declined to -10.40, with Return on Assets sitting at -5.44.

Reflecting on the efficiency of the workforce at the company, Zscaler Inc. [ZS] managed to generate an average of -$19,361 per employee. Receivables Turnover for the company is 3.91 with a Total Asset Turnover recorded at a value of 0.57.Zscaler Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.60 and a Current Ratio set at 1.60.

Earnings analysis for Zscaler Inc. [ZS]

With the latest financial reports released by the company, Zscaler Inc. posted 0.07/share EPS, while the average EPS was predicted by analysts to be reported at 0.01/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 600.00%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for ZS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Zscaler Inc. go to 25.67%.

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