Intel stock spikes after report of possible US government stake
Zscaler, Inc. (NASDAQ:ZS), a $31.5 billion cybersecurity company currently trading near its 52-week high of $217.84, recently reported a stock transaction involving its Chief Revenue Officer and President of Worldwide Sales, Rich Michael J. According to the SEC filing, Michael sold 3,575 shares of common stock on March 18, 2025, at an average price of $199.1468 per share, totaling approximately $711,949. InvestingPro data shows the stock has gained nearly 8% in the past week.
The sale was conducted to cover tax withholding obligations related to the vesting of restricted stock units, as per the company’s equity incentive plans. Following this transaction, Michael retains ownership of 112,391 shares in Zscaler. The company maintains impressive gross profit margins of 77.9%, according to InvestingPro, which offers 12 additional key insights about Zscaler’s financial health and market position in its comprehensive Pro Research Report.
In other recent news, Zscaler has reported a strong financial performance for the second quarter of fiscal year 2025, with a 23% increase in revenue, a 22% free cash flow margin, and a 23% growth in Annual Recurring Revenue. These results have led to several analysts revising their outlooks on the company. TD Cowen reaffirmed its Buy rating with a $270 price target, citing Zscaler’s strategic investments and robust demand for its services. UBS also raised its price target to $260, emphasizing Zscaler’s strong fourth-quarter billings performance and potential growth in the US Federal market.
Stifel maintained its Buy rating with a $235 target, highlighting Zscaler’s success in key growth areas such as Data Protection and Artificial Intelligence. Cantor Fitzgerald, while keeping a Neutral rating, increased its price target to $220 after Zscaler’s earnings exceeded consensus estimates. The firm’s updated guidance for fiscal year 2025 includes higher projections for revenue, billings, operating profit, and free cash flow.
Zscaler’s focus on product innovation and platform expansion has been pivotal in its recent achievements. The company has seen significant enterprise adoption of its Zero Trust solutions and AI-powered capabilities. These developments have positioned Zscaler to capitalize on the growing demand for cybersecurity solutions, as noted by analysts across multiple firms.
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