Needham analyst Alex Henderson reiterated a Buy rating on Zscaler (NASDAQ:ZS) on Tuesday, setting a price target of $280, which is approximately 22.82% above the present share price of $227.97.
Henderson expects Zscaler to post earnings per share (EPS) of -$0.43 for the third quarter of 2021.
The current consensus among 17 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $240.18.
The analysts price targets range from a high of $282 to a low of $206.
In its latest earnings report, released on 04/30/2021, the company reported a quarterly revenue of $176.4 million and a net profit of -$43.85 million. The company's market cap is $31.23 billion.
According to TipRanks.com, Needham analyst Alex Henderson is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.3% and a 68.75% success rate.
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.