Zscaler CEO Discusses Entrepreneurship and AI, Market Cap Reaches $39 Billion
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: NASDAQ.COM
- Strong Market Performance: Zscaler's market capitalization is currently around $39 billion, having increased sevenfold since its IPO in 2018, reflecting robust market demand and investor confidence in the cloud security sector.
- Continuous Product Innovation: Zscaler is expanding its product line from initial internet access to private access and digital experience, addressing the growing demand for zero trust security and driving an impressive annual growth rate of 30%.
- High Customer Loyalty: Zscaler's Net Promoter Score (NPS) ranges between 75 and 85, significantly higher than the industry average, indicating strong customer satisfaction and repeat purchase intent, which enhances the company's competitive edge.
- Optimistic Future Outlook: Jay Chaudhry stated that Zscaler will continue to focus on innovation and market expansion, with expectations of achieving a 15% annual growth rate over the next decade, solidifying its leadership position in the cybersecurity space.
Analyst Views on ZS
Wall Street analysts forecast ZS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZS is 325.62 USD with a low forecast of 260.00 USD and a high forecast of 390.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
30 Analyst Rating
24 Buy
6 Hold
0 Sell
Strong Buy
Current: 206.320
Low
260.00
Averages
325.62
High
390.00
Current: 206.320
Low
260.00
Averages
325.62
High
390.00
About ZS
Zscaler, Inc. is a cloud security company. The Company has developed a platform incorporating core security functionalities needed to enable fast and secure access to cloud resources based on identity, context and an organization’s policies. Its Zscaler Zero Trust Exchange platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. Its solution is a purpose-built, multi-tenant, distributed cloud platform that incorporates the security functionality needed to enable users, applications, and devices to safely and efficiently utilize authorized applications and services based on an organization’s business policies. It delivers its solutions using a software-as-a-service (SaaS) business model and sells subscriptions to customers to access its cloud platform, together with related support services. It offers a security platform that combines its platform with automated security operations.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
