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Why Zscaler's Stock Is Trading Lower Today

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Zscaler (NASDAQ: ZS) shares are trading lower on Tuesday after Berenberg downgraded the company's stock from Buy to Hold and announced a $102 price target.

Zscaler is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform.

Zscaler shares were trading down 1.67% at $102.77 at time of publication on Tuesday. The stock has a 52-week high of $112.73 and a 52-week low of $35.

Related Links:

Zscaler Down 20% On Lower EPS Guidance

Why Zscaler Is Best Positioned To Benefit From Secular Trend Toward Cloud-Based Security Platform

Latest Ratings for ZS

DateFirmActionFromTo
Jan 2021JMP SecuritiesInitiates Coverage OnOutperform
Jan 2021Credit SuisseMaintainsOutperform
Jan 2021NeedhamMaintainsStrong Buy

View More Analyst Ratings for ZS
View the Latest Analyst Ratings

 

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Posted-In: why it's movingDowngrades Price Target Analyst Ratings

Latest Ratings

StockFirmActionPT
UPLDCanaccord GenuityMaintains57.0
EJefferiesInitiates Coverage On
EQNRJefferiesInitiates Coverage On
COHRBerenbergDowngrades215.0
HAEBarrington ResearchDowngrades
View the Latest Analytics Ratings
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