Zscaler Inc. [ZS] Revenue clocked in at $1.48 billion, up 45.43% YTD: What’s Next?

Zscaler Inc. [NASDAQ: ZS] traded at a high on 09/05/23, posting a 2.75 gain after which it closed the day’ session at $162.74. The company report on September 5, 2023 at 4:05 PM that Zscaler Reports Fourth Quarter and Fiscal 2023 Financial Results.

Fourth Quarter Highlights.

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The results of the trading session contributed to over 6095562 shares changing hands. Over the past one week, the price volatility of Zscaler Inc. stands at 3.60% while the volatility over the past one month is 3.45%.

The market cap for ZS stock reached $23.39 billion, with 145.35 million shares outstanding and 87.83 million shares in the current float. Compared to the average trading volume of 2.29M shares, ZS reached a trading volume of 6095562 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 $173.97 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 2.00. 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.

BTIG Research have made an estimate for Zscaler Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on July 25, 2023.

The Average True Range (ATR) for Zscaler Inc. is set at 5.89, with the Price to Sales ratio for ZS stock in the period of the last 12 months amounting to 15.81. The Price to Book ratio for the last quarter was 39.31, with the Price to Cash per share for the same quarter was set at 13.69. Price to Free Cash Flow for ZS in the course of the last twelve months was 76.20 with Quick ratio for the last quarter at 2.00.

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 15.14. With this latest performance, ZS shares gained by 11.34% in over the last four-week period, additionally plugging by 35.83% over the last 6 months – not to mention a rise of 11.80% 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 66.31, with the RSI for the last a single of trading hit 74.36, and the three-weeks RSI is set at 61.98 for Zscaler Inc. [ZS]. The present Moving Average for the last 50 days of trading for this stock 147.44, while it was recorded at 153.77 for the last single week of trading, and 127.44 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 -30.01 and a Gross Margin at +77.70. Zscaler Inc.’s Net Margin is presently recorded at -35.77.

Return on Total Capital for ZS is now -21.04, given the latest momentum, and Return on Invested Capital for the company is -25.45. Return on Equity for this stock declined to -70.82, with Return on Assets sitting at -15.33. When it comes to the capital structure of this company, Zscaler Inc. [ZS] has a Total Debt to Total Equity ratio set at 182.40. Additionally, ZS Total Debt to Total Capital is recorded at 64.59, with Total Debt to Total Assets ending up at 36.92. Long-Term Debt to Equity for the company is recorded at 177.85, with the Long-Term Debt to Total Capital now at 62.98.

Reflecting on the efficiency of the workforce at the company, Zscaler Inc. [ZS] managed to generate an average of -$78,448 per employee. Receivables Turnover for the company is 3.30 with a Total Asset Turnover recorded at a value of 0.43.Zscaler Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.00 and a Current Ratio set at 2.00.

Earnings analysis for Zscaler Inc. [ZS]

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 60.52%.

Insider trade positions for Zscaler Inc. [ZS]

The top three institutional holders of ZS stocks are: VANGUARD GROUP INC with ownership of 1.31 billion shares, which is approximately 8.2089%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $170.67 trillion in ZS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $150.98 trillion in ZS stock with ownership which is approximately 5.7381%.

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