The sale was made to cover tax withholding obligations related to the acquisition of restricted stock units, under Zscaler’s (NASDAQ 🙂) equity incentive plans, and not as a discretionary transaction.
The sale was made to cover tax withholding obligations related to the acquisition of restricted stock units under Zscaler’s equity incentive plans, and not as a discretionary transaction.
The sale was made to cover tax withholding obligations related to the acquisition of restricted stock units under Zscaler’s equity incentive plans, and not as a discretionary transaction.
In other recent news, cloud security leader Zscaler has seen a flurry of analyst activity. Bernstein SocGen Group maintained an Outperform rating on Zscaler shares, despite a decline in revenue growth last quarter, highlighting that the focus on revenue may not be aligned with the actual health of the business. BMO Capital Markets, RBC Capital Markets and KeyBanc Capital Markets also reaffirmed their positive ratings on Zscaler, with BMO raising its price target to $222. These ratings come on the heels of Zscaler’s strong first-quarter performance, marked by 34% year-over-year revenue growth.
In other major developments, Nokia (HE 🙂 has adopted Zscaler’s Zero Trust Exchange platform to improve its cloud security and operational efficiency. The move is expected to streamline Nokia’s operations, decrease latency and improve security. Additionally , Zscaler has revised upward its financial guidance for fiscal 2025, following a strong first quarter that exceeded expectations.
Despite the announced retirement of Zscaler’s CFO, analysts maintain a positive outlook on the company’s future growth and profitability. These are the latest developments that offer investors an idea of Zscaler’s current position in the market.
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