Why Zscaler's Stock Is Trading Lower Today

Zscaler 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.

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