Figma Shares Indicated To Open $105/$110
Zscaler Inc (NASDAQ:ZS)’s stock reached a 52-week high, hitting $318.07, marking a significant milestone for the cybersecurity company. According to InvestingPro data, the company, now valued at $49.34B, appears to be trading above its Fair Value, with technical indicators suggesting overbought conditions. Over the past year, Zscaler’s stock has seen an impressive increase of 59.83%, underscoring strong investor confidence and robust market performance. The company’s fundamentals support this growth, with revenue increasing by 25.46% and maintaining impressive gross profit margins of 77.46%. This surge to a 52-week high reflects the company’s ongoing growth and the increasing demand for its cloud-based security solutions. As Zscaler continues to innovate and expand its offerings, its stock performance remains a key indicator of its market trajectory and investor sentiment. For deeper insights into Zscaler’s valuation and 15+ additional ProTips, check out the comprehensive research available on InvestingPro.
In other recent news, Zscaler announced the pricing of $1.5 billion in convertible senior notes due 2028 in a private offering to qualified institutional buyers. The company plans to use part of the proceeds for capped call transactions to reduce potential dilution upon conversion, with the rest allocated for general corporate purposes such as working capital and potential acquisitions. JMP Securities has raised its price target for Zscaler to $355 from $310, maintaining a Market Outperform rating. This reflects confidence in the company’s market position and growth prospects. UBS also increased its price target for Zscaler to $365 from $315, citing strong platform momentum and positive feedback from customer and partner interactions. The firm expressed increased confidence in Zscaler’s growth trajectory for fiscal year 2026. These developments follow Zscaler’s fiscal third-quarter earnings report and its Zenith Live user conference.
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