Soybean (ZS)

Zscaler Stock (NASDAQ:ZS), Trade Ideas

Zscaler

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

zscaler shutter2

Analyst Color

Upgrades

Analyst Ratings

Movers

Tech

Zscaler, considered a &#34;Top Pick on the Zacks Analyst Blog,&#34; is a leader in the SASE (Secure Access Service Edge) market.

4 Reasons Why This Zscaler Analyst Is Turning Bullish: &#39;Q1 Feedback Is Positive&#39;

News

Markets

Trading Ideas

MSFT

NVDA

TWLO

Here are highlights from Friday&#39;s Analyst Blog:

4 A.I. Stocks with Ample Growth Potential in 2024



The Zacks Analyst Blog Highlights Microsoft, NVIDIA, Twilio, Meta Platforms and Zscaler

bull ai

Earnings

Long Ideas

AMZN

CHKP

CRWD

CYBR

GOOG

GOOGL

PANW

PLTR

TENB

Tech analyst Daniel Ives predicts 15% surge for Microsoft, Alphabet, Amazon, Palantir, and Meta. Q1 earnings expected to drive tech stocks up 15% in 2024.

Why Microsoft, Alphabet, Amazon, Palantir, And Meta Could Rise 15% In 2024, According To Analyst

Zscaler Inc

USCF ETF Trust USCF Sustainable Battery Metals Strategy Fund

USCF ETF Trust USCF Sustainable Commodity Strategy Fund

ZHONGSHENG GP HL UNSP/ADR by Zhongsheng Group Holdings Ltd

Zhongsheng Group Holdings Ltd

ZENSHO HLDGS CO LTD by ZENSHO HLDGS CO LTD

Zensho Holdings Co Ltd

ProShares UltraShort Silver

zSpace Technologies, Inc

ZSTAR ENTERPRISES INC by ZST Digital Networks, Inc.

ZST Digital Networks Inc

Smart Closet Inc

ISUN

Trading Halt: Halted at 7:50:00 p.m. ET - Trading Halt: Halt News Pending

ATXI

ZVSA

<p><strong>Aurora Cannabis Inc.</strong>&nbsp;captured investor attention with a dramatic 38% increase in options trading and a significant 18.2% surge in stock price in a single trading day.</p>
<p>These movements underscore a robust financial period for the company, which reported quarterly revenues of $53.34 million, surpassing expectations by nearly 16%.</p>
<h2>Stock Performance Overview</h2>
<p>On a notable Tuesday, Aurora Cannabis Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/acb#NASDAQ">ACB</a>) witnessed a surge in options trading activity. The cannabis company observed investors purchasing 24,073 call options, a stark 38% increase <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/04/38149371/nasdaq-listed-marijuana-stocks-tilray-canopy-aurora-rally-whats-behind-the-surge">over the typical volume </a>of 17,462 options.&nbsp;</p>
<p>On the same trading day, Aurora saw its <a href="https://www.marketbeat.com/instant-alerts/nasdaq-acb-options-data-report-2024-04-23/">stock price surge</a> by 18.2%, climbing $1.14 to close at $7.42. Trading volume for the day dramatically increased to 9,331,051 shares, nearly doubling the average volume of 4,809,986 shares.</p>
<p>The company demonstrated a low debt-to-equity ratio of 0.14, and currently, boasts a market capitalization of $404.69 million, despite a negative price-to-earnings ratio of -2.56.&nbsp;</p>
<p>This means that despite its negative earnings metrics, Aurora maintains a strong liquidity position and a stable financial structure, which could reassure investors about its ability to manage short-term <a href="https://www.benzinga.com/markets/cannabis/24/03/37422276/aurora-cannabis-bounces-back-debt-paid-growth-ahead">obligations and debts</a>.</p>
<p>The company&#39;s significant market capitalization also reflects a level of investor confidence in its potential for <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/02/37353256/all-you-need-to-know-about-the-german-marijuana-market-changes-size-and-leading-pla">long-term growth</a> and recovery.</p>
<h3>Recent Stock Dynamics</h3>
<p>Later in the week, ACB shares experienced a dip, opening at $7.20 on Thursday, reflecting the stock&#39;s ongoing volatility.</p>
<p>Despite reaching a 52-week high of $11.50 and a low of $2.84, Aurora has maintained relatively stable long-term price trends, with a 50-day moving average of $4.51 and a 200-day moving average of $4.56.</p>
<p>This pattern underscores the stock&#39;s fluctuating yet consistent performance within the market.</p>
<h3>Financial Health And Earnings Insight</h3>
<p>Aurora Cannabis disclosed its earnings on February 8th, reporting a quarterly loss of $0.20 per share, which fell short of the consensus estimates predicting a $0.10 loss per share.</p>
<p>However, the company&#39;s revenue reached $53.34 million, exceeding the expected $45.94 million. Despite these revenue gains, Aurora Cannabis continues to wrestle with a substantial negative net margin of 48.82% and a negative return on equity of 23.27%.</p>
<p>The company&rsquo;s financial structure remains solid, underscored by <a href="http://www.marketbeat.com/instant-alerts/nasdaq-acb-options-data-report-2024-04-23/">indicators of&nbsp;strong liquidity</a>. The combination of underperforming profit metrics and surpassing revenue forecasts suggests that while Aurora is effective at generating sales, it faces challenges in translating these revenues into net profits.</p>
<p>The substantial negative net margin and return on equity highlight ongoing operational or financial inefficiencies. However, the solid liquidity ratios reassure stakeholders of the company&#39;s ability to sustain its<a href="https://www.benzinga.com/markets/cannabis/24/03/37848787/aurora-cannabis-earns-coveted-gmp-certification-for-australian-market-heres-what-it-means"> operations</a> and potentially invest in <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/03/37896976/cannabis-stocks-set-to-dominate-germanys-new-market-a-surge-in-demand-meets-establi">strategic initiatives</a> to improve profitability.</p>
<h3>Institutional Investor Engagement</h3>
<p>In recent months, Aurora Cannabis has seen significant <a href="https://www.benzinga.com/markets/cannabis/24/03/37755041/cannabis-stocks-jump-on-news-that-dea-may-soon-undertake-marijuana-reform">shifts</a> in institutional investment. <strong>MMCAP International Inc. SPC</strong> established a new position worth approximately $4.659 million.</p>
<p><strong>Cambria Investment Management L.P.</strong> notably increased its holdings by 115.5%, while <strong>Mirae Asset Global Investments Co. Ltd.</strong> expanded its stake by 6.3%.</p>
<p>Similarly, <strong>Vontobel Holding Ltd.</strong> boosted its investment by 67.5%, holding 125,304 shares valued at $73,000.</p>
<p>These movements highlight <a href="https://www.benzinga.com/markets/cannabis/24/03/37568032/aurora-cannabis-exec-says-company-well-positioned-in-germany-will-push-for-expansion-of-medical-">growing confidence</a> among major financial players, with institutional investors now owning 47.63% of the company&rsquo;s stock, as <a href="https://www.etfdailynews.com/2024/04/25/investors-purchase-large-volume-of-aurora-cannabis-call-options-nasdaqacb/">reported</a> by ETF Daily News.</p>
<p><em>Photo: AI-Generated Image.&nbsp;</em></p>


Cannabis

Options

Retail Sales

Small Cap

Investors Shuffle Stock Positions In Aurora Cannabis: Beyond Earnings, Liquidity Looks Appealing

<p>Continuing her commitment to criminal justice reform,<strong>&nbsp;</strong>businesswoman and celeb&nbsp;<strong>Kim Kardashian</strong> met with <a href="https://www.benzinga.com/markets/cannabis/24/03/37760731/vp-kamala-harris-urges-dea-to-reschedule-cannabis-as-quickly-as-possible-calls-prohibition-absur"><strong>Vice President Kamala Harris</strong> </a>to discuss new strategies for addressing <a href="https://www.benzinga.com/cannabis">marijuana policies</a>.</p>
<p>The meeting, which took place at the White House, highlighted President Joe Biden&#39;s <a href="https://www.benzinga.com/markets/cannabis/24/04/38412810/president-biden-pardons-commutes-16-non-violent-drug-offenders-cannabis-prisoners-excluded">recent use of clemency powers</a>, particularly for non-violent&nbsp;offenses.</p>
<h3>Presidential Clemency</h3>
<p>Recently, Biden pardoned 11 individuals and commuted the sentences of five others, all convicted for non-violent drug-related activities, underlining a shift towards more lenient sentences under current laws. This move aligns with his broader efforts to rectify past judicial discrepancies.</p>
<p>The <a href="https://apnews.com/article/kamala-harris-kardashian-criminal-justice-reform-biden-d34ae7fb30b1fe78326dafad230611d0">event</a> was marked by heartfelt stories from those pardoned, sharing tales of newfound opportunities and personal growth post-incarceration. Kardashian, reflecting on the gathering, emphasized the importance of amplifying such stories to inspire others in similar situations.</p>
<h3>Historical Advocacy</h3>
<p>Kardashian has been a vocal advocate for criminal justice reform, notably influencing policy during the Trump administration alongside <strong>Jared Kushner</strong>.</p>
<p>Her efforts have led to significant legal changes and individual pardons, including the high-profile case of <strong>Alice Marie Johnson</strong> in 2018.</p>
<h3>Loan Restrictions</h3>
<p>VP Harris announced a new rule from the Small Business Administration, aimed at easing loan restrictions for individuals with criminal records. This policy intends to facilitate reintegration and <a href="https://www.npr.org/2024/04/25/1247183807/kim-kardashian-white-house-criminal-justice-reform">provide second chances</a>.</p>
<p>&quot;Reducing and eliminating that restriction is going to mean a lot in terms of second chances and the opportunity for people to excel,&quot; Harris <a href="https://www.npr.org/2024/04/25/1247183807/kim-kardashian-white-house-criminal-justice-reform">said</a>.</p>
<p>The Biden administration has consistently worked towards reducing penalties for drug offenses, notably expanding a sweeping pardon for those convicted of simple <a href="https://www.benzinga.com/markets/cannabis/24/04/37988501/59-of-americans-support-right-to-grow-legal-cannabis-at-home-new-survey-finds">marijuana</a> possession&mdash;a move that resonates strongly with many voters, particularly young and minority groups.</p>
<p>This collaboration between Kardashian and Harris not only underscores the ongoing reform efforts but also showcases the influential role celebrities can play in shaping public policy and social justice.</p>
<p><em>Photo via Wikimedia Commons</em></p>


Entertainment

Government

Regulations

Politics

Legal

General

Kim Kardashian And VP Harris Discuss Cannabis Justice Reform And 'Second Chances' At The White House

<p>Citigroup  analyst Atif Malik   maintains Silicon Laboratories (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SLAB#NASDAQ">SLAB</a>) with a Neutral and lowers the price target from $137 to $120.</p>


Price Target

SLAB

Citigroup Maintains Neutral on Silicon Laboratories, Lowers Price Target to $120

<p>In a compelling showcase of how sports figures leverage their platforms beyond the field, former NFL athletes <strong><a href="https://www.benzinga.com/general/sports/24/04/38358885/joique-bell-to-discuss-journey-from-rookie-to-prominent-nfl-running-back-at-benzinga-draft-event">Joique Bell</a></strong> and<a href="https://www.benzinga.com/markets/cannabis/24/03/37797148/former-nfl-legends-bring-top-cannabis-strains-to-boston-with-launch-of-primitiv"> <strong>Rob Sims</strong></a> shared their philanthropic journeys today (April 25) during the <strong><a href="https://www.youtube.com/watch?v=93htkUYdGNc">Benzinga Sports Business Titans Draft</a></strong> event in Detroit. </p>
<p>The panel, adjacent to the NFL Draft at Campus Martius, highlighted the transformative impact athletes can have in their communities post-retirement.</p>
<h1 class="wp-block-heading"><strong>Athletes Turned Philanthropists</strong></h1>
<p>Moderated by <strong>Rachel Decker,</strong> president of <strong>Detroit Philanthropy</strong>, the conversation delved into the personal motivations behind the athletes&#8217; commitments to giving back. </p>
<p>Bell, a Michigan native and former Detroit Lion, emphasized the influence of his upbringing on his charitable efforts. </p>
<p>&#8220;Growing up, being involved in community service was ingrained in me by my parents,&#8221; Bell said. He discussed his focus on literacy and education through his foundation, which aims to improve reading levels among students within a short period significantly.</p>
<p>Sims, who transitioned from the gridiron to various business and charitable endeavors, highlighted his strategic approach to philanthropy. </p>
<p>&#8220;It&#8217;s about making an impact with the resources we have, ensuring our efforts genuinely help those in need,&#8221; Sims stated. His involvement with local organizations such as Detroit PAL and the Children&#8217;s Center demonstrates his commitment to youth and community health.</p>
<h1 class="wp-block-heading"><strong>Impact And Influence&nbsp;</strong></h1>
<p>The discussion also covered the athletes&#8217; strategies for selecting and managing philanthropic engagements. </p>
<p>Both Bell and Sims stressed the importance of aligning with causes that reflect their values and where they can make a meaningful difference. Bell shared his rigorous approach to vetting organizations before partnering with them, ensuring alignment with his goals to support community development.</p>
<h1 class="wp-block-heading"><strong>Advice For The Next Generation&nbsp;</strong></h1>
<p>As the event drew the attention of young athletes and aspiring philanthropists, Bell and Sims offered advice on starting and running charitable foundations. </p>
<p>&#8220;Understand the work that goes into managing a foundation; it&#8217;s akin to running a business,&#8221; Sims advised. Bell echoed this sentiment, emphasizing the importance of commitment and genuine passion for the cause.</p>
<h1 class="wp-block-heading"><strong>Legacy Beyond The Field&nbsp;</strong></h1>
<p>Reflecting on their legacies, both athletes expressed a desire to be remembered for their contributions off the field as much as their achievements on it. </p>
<p>&#8220;It&#8217;s not just about the sports; it&#8217;s about using our platform to make a lasting impact,&#8221; said Bell.</p>
<p><em>Photo by Dustin Blitchok.</em></p>


Sports

Events

Game Changers: Ex-NFL Players Talk Philanthropy For Today And Next-Gen At Benzinga Titans Draft Event

<p>Citigroup  analyst Ronald Josey   maintains Lithia Motors (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LAD#NYSE">LAD</a>) with a Neutral and lowers the price target from $320 to $280.</p>


Citigroup Maintains Neutral on Lithia Motors, Lowers Price Target to $280

<p>Citigroup  analyst David Lebovitz   maintains Biomarin Pharmaceutical (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BMRN#NASDAQ">BMRN</a>) with a Neutral and lowers the price target from $94 to $91.</p>


BMRN

Citigroup Maintains Neutral on Biomarin Pharmaceutical, Lowers Price Target to $91

<p>Citigroup  analyst Michelle Fang   maintains New Oriental Education (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EDU#NYSE">EDU</a>) with a Buy and raises the price target from $66 to $127.</p>


New Oriental Education & Technology Group

Citigroup Maintains Buy on New Oriental Education, Raises Price Target to $127

<p>Citigroup  analyst Andrew Kaplowitz   maintains Fortive (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FTV#NYSE">FTV</a>) with a Buy and lowers the price target from $101 to $98.</p>


Citigroup Maintains Buy on Fortive, Lowers Price Target to $98

<p>Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%</p>


Guidance

Microsoft Sees FY24 Productivity And Business Processes Revenue $19.9B-$20.2B; Intelligent Cloud Revenue $28.4B-$28.7B; More Personal Computing Revenue $15.2B-$15.6B; Cost Of Revenue COGS Of $19.6B-$19.8B; Operating Expenses Of $17.15B-$17.25B; Effective Tax Rate ~18%

<p>Citigroup  analyst Anthony Pettinari   maintains Packaging Corp of America (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PKG#NYSE">PKG</a>) with a Neutral and lowers the price target from $183 to $181.</p>


Citigroup Maintains Neutral on Packaging Corp of America, Lowers Price Target to $181

<p>Citigroup  analyst Christopher Allen   maintains Virtu Finl (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIRT#NASDAQ">VIRT</a>) with a Buy and raises the price target from $22.5 to $24.5.</p>


VIRT

Citigroup Maintains Buy on Virtu Finl, Raises Price Target to $24.5

<p>Citigroup  analyst Thomas Palmer   maintains Bunge Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BG#NYSE">BG</a>) with a Buy and raises the price target from $117 to $122.</p>


Citigroup Maintains Buy on Bunge Global, Raises Price Target to $122

<p>Citigroup  analyst Fatima Boolani   maintains Fastly (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FSLY#NYSE">FSLY</a>) with a Neutral and lowers the price target from $20 to $15.</p>


FSLY

Citigroup Maintains Neutral on Fastly, Lowers Price Target to $15

<p>Citigroup  analyst Fatima Boolani   maintains Akamai Techs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AKAM#NASDAQ">AKAM</a>) with a Neutral and lowers the price target from $140 to $117.</p>


AKAM

Citigroup Maintains Neutral on Akamai Techs, Lowers Price Target to $117

<p>Citigroup  analyst Joanne Wuensch   maintains Boston Scientific (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BSX#NYSE">BSX</a>) with a Buy and raises the price target from $79 to $85.</p>


Citigroup Maintains Buy on Boston Scientific, Raises Price Target to $85

<p>Citigroup  analyst Patrick Cunningham   maintains Sherwin-Williams (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHW#NYSE">SHW</a>) with a Buy and lowers the price target from $390 to $370.</p>


Citigroup Maintains Buy on Sherwin-Williams, Lowers Price Target to $370

<p>Citigroup  analyst Jon Tower   maintains Chipotle Mexican Grill (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CMG#NYSE">CMG</a>) with a Buy and raises the price target from $3358 to $3369.</p>


Citigroup Maintains Buy on Chipotle Mexican Grill, Raises Price Target to $3369

GLP selects Zscaler to strengthen cybersecurity measures

Barclays analyst Saket Kalia assigned a Buy rating to Zscaler (ZS – Research Report) today and set a price target of $240.00. The company's shares ...

Zscaler (ZS): New Buy Recommendation for This Technology Giant

As the tech-heavy Nasdaq 100 (NDX) begins rolling over, investors may wish to pay more attention to valuations. Undoubtedly, upbeat growth expectat...

GRAB, ZS, SONO: Which "Strong Buy" Tech Stock Is the Better Buy?

How is QQQ stock faring? The&nbsp;Invesco QQQ ETF&nbsp;is down 2.34% in the past 5 days but has risen about 36% over the past year.&nbsp; According...

QQQ ETF Update, 4/17/2024

How is QQQ stock faring? The&nbsp;Invesco QQQ ETF&nbsp;is down 3.83% in the past 5 days but has risen about 35% over the past year.&nbsp; According...

QQQ ETF Update, 4/19/2024

Additions and deletions of Oppenheimer's OPCO Trifecta

How is QQQ stock faring? The&nbsp;Invesco QQQ ETF&nbsp;is down 1.61% in the past 5 days but has risen about 33% over the past year.&nbsp; According...

QQQ ETF Update, 4/23/2024

<p><a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a></p>
<p>We&rsquo;re still not prepared for cyberattacks.&nbsp;That includes the U.S. government, hospitals, corporations and millions of people all over the world. Most recently, telecom <strong>Frontier Communications</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/fybr-stock-quote/"><strong>FYBR</strong></a>) was forced to shut down certain systems following an attack on when a third party &ldquo;<a href="https://seekingalpha.com/news/4091553-frontier-communications-dips-as-it-points-to-cyberattack">gained unauthorized access</a> to portions of its information technology environment,&rdquo; as noted by Seeking Alpha. All of which is creating a big opportunity for leading, multibagger <a href="https://investorplace.com/industries/technology/cybersecurity/">cybersecurity stocks</a>.</p>



<p><a href="https://www.healthcareitnews.com/news/small-medical-practices-will-close-because-change-cyberattack-says-ama#:~:text=Privacy%20%26%20Security-,Small%20medical%20practices%20will%20close%20because%20of%20Change%20cyberattack%2C%20says,they%20could%20not%20make%20payroll.">Small medical practices are being forced to close</a> because of the February 21 Change Healthcare cyberattack. Also,&nbsp;according to the <a href="https://www.imf.org/en/Blogs/Articles/2024/04/09/rising-cyber-threats-pose-serious-concerns-for-financial-stability">International Monetary Fund (IMF)</a>: </p>




<p>&ldquo;The&nbsp;risk of extreme losses from cyber incidents is increasing. Such losses could potentially cause funding problems for companies and even jeopardize their solvency. The size of these extreme losses has more than quadrupled since 2017 to $2.5 billion. And indirect losses like reputational damage or security upgrades are substantially higher.&rdquo;</p>




<p>Unfortunately, even after all of the attacks over the years, and warnings to be prepared, we&rsquo;re still sitting ducks. All of which is creating big opportunities for leading, multibagger cybersecurity stocks.</p>



<h2><strong>Palo Alto Networks (<strong>PANW</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/panw1600-300x169.jpg" alt="Palo Alto Networks (PANW) building with blue logo on side with blue sky backdrop"><div>Source: Shutterstock</div></div><p>After gapping from about $370 to about $260, <strong>Palo Alto Networks</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/panw-stock-quote/"><strong>PANW</strong></a>) is now consolidating around $282. From here, I&rsquo;d like to see it initially retest $320. PANW is one of the top multibagger cybersecurity stocks to buy on weakness.</p>



<p>Just weeks ago, the company cut its full-year revenue guidance to a new range of $7.95 billion to $8 billion from $8.15 billion to $8.2 billion. It also cut its full-year billings outlook to a new range of&nbsp;$10.1 billion to $10.2 billion, from $10.7 billion to $10.8 billion.&nbsp;</p>



<p>That&rsquo;s why PANW fell apart. However, it appears most of that bad news has been firmly priced into the oversold stock. Plus, analysts at Argus just reiterated a buy on PANW with a price target of $336. All as the cybersecurity environment gets a bit more toxic, especially with generative artificial intelligence.&nbsp;</p>



<p>Unfortunately, cybersecurity issues will only get worse. All because of how poorly prepared we are for attacks. Plus, with recent geopolitical issues, the threat only rises more. Considering PANW is the industry&rsquo;s 800 lb. gorilla, it&rsquo;s sure to benefit.</p>



<h2><strong>Fortinent (<strong>FTNT</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2019/08/ftnt-stock-1-300x169.jpg" alt="The Fortinet logo on a wall"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>We can also look at leading, multibagger cybersecurity stocks like <strong>Fortinet</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/ftnt-stock-quote/"><strong>FTNT</strong></a>), which is technically oversold at $63.69. It&rsquo;s also over-extended on RSI, MACD and Williams&rsquo; %R. The last time it became this technically oversold, it bounced from about $45 to 60 shortly after. The time before it bounced from about $56.10 to $65.68. I&rsquo;m looking for a similar bounce back this time around, too.</p>



<p>Helping, <a href="https://markets.businessinsider.com/news/stocks/rbc-capital-reaffirms-their-hold-rating-on-fortinet-ftnt-1033257349#:~:text=In%20a%20report%20released%20on,and%20a%2056.41%25%20success%20rate.">RBC Capital reiterated its hold rating on the stock</a> with a price target of $71 a share. We&rsquo;ll also get a better idea of how FTNT is doing when it posts earnings on May 2. In its last earnings report, the company&rsquo;s earnings per share of 51 cents beat by eight cents. Revenue of $1.42 billion &mdash; up about 11% year over year &mdash; beat by $10 million. Total billings came in at $1.86 billion, an 8.5% year-over-year jump from $1.72 billion.</p>



<p>For its first quarter, the company said it expects <a href="https://www.barchart.com/story/news/24037224/is-fortinet-stock-finally-a-buy-after-earnings#:~:text=What's%20the%20Forecast%20for%20FTNT,%241.39%20billion%20and%20%241.45%20billion.">revenue to fall in the range of $1.3 billion and $1.36 billion</a>, as compared to estimates for $1.38 billion.&nbsp;</p>



<h2><strong>Zscaler (<strong>ZS</strong>)</strong></h2>



<div><img width="300" height="169" src="https://investorplace.com/wp-content/uploads/2020/05/zs-stock-300x169.jpg" alt="Zscaler (ZS) logo on a corporate building"><div>Source: Sundry Photography / Shutterstock.com</div></div><p>Keep an eye on oversold shares of <strong>Zscaler</strong> (NASDAQ:<a href="https://investorplace.com/stock-quotes/zs-stock-quote/"><strong>ZS</strong></a>), too.</p>



<p>After testing $259.61, it dropped to $170.97, where it&rsquo;s now oversold on RSI, MACD and Williams&rsquo; %R. It&rsquo;s also sitting at support dating back to November. The last time ZS became this technically oversold in May 2023, it bounced from about $90 to a high of $162.67. I&rsquo;m hoping for a similar move again this time, too.</p>



<p>Helping, earnings have been strong.&nbsp;&nbsp;In its second quarter, the company&rsquo;s EPS of 76 cents beat by 18 cents.&nbsp;Revenue of $525 million &mdash; up 35.4% year over year &mdash; beat by $18.17 million. For fiscal year 2024, the company also expects to grow revenue by 31% year over year to $2.12 billion. It also expects for its operating income to come in around $397.5 million, with a margin of 18% to 19%, up from 15% in 2023.</p>



<p><a href="https://seekingalpha.com/news/4081022-crowdstrike-zscaler-best-positioned-following-healthcare-hacks-macquarie">Analysts at Macquarie also has an outperform rating</a>&nbsp;on ZS with a price target of $245. The firm added that it&rsquo;s one of two cybersecurity firms well-positioned to benefit from spending following the healthcare company hacks.</p>



<p><em>On the date of publication, Ian Cooper did not hold (either directly or indirectly) any positions in the securities mentioned. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines.</a></em></p>
<div><p>Ian Cooper, a contributor to InvestorPlace.com, has been analyzing stocks and options for web-based advisories since 1999.</p></div><h3>More From InvestorPlace</h3>
		<ul><li>
						<a href="https://investorplace.com/2023/10/no-1-ai-investment-might-be-this-company-youve-never-heard-of/?cid=MKT764787&amp;eid=MKT771245">The #1 AI Investment Might Be This Company You&rsquo;ve Never Heard Of</a>
					</li>
																<li>
						<a href="https://investorplace.com/2023/07/elon-musks-project-omega-stuns-silicon-valley-insiders/?cid=MKT738510&amp;eid=MKT771236">Musk&rsquo;s &ldquo;Project Omega&rdquo; May Be Set to Mint New Millionaires. Here&rsquo;s How to Get In.</a>
					</li>
																<li>
						<a href="https://investorplace.com/2021/01/one-percenter-issues-urgent-warning/?cid=MKT499868&amp;eid=MKT793997">It doesn&rsquo;t matter if you have $500 or $5 million. Do this now.</a>
					</li>
									</ul><div>
			<div></div>
						<div></div>
					</div>
	
<p>The post <a href="https://investorplace.com/2024/04/3-cybersecurity-stocks-that-could-be-multibaggers-in-the-making-april-edition/">3 Cybersecurity Stocks That Could Be Multibaggers in the Making: April Edition</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.</p>

3 Cybersecurity Stocks That Could Be Multibaggers in the Making: April Edition

How is QQQ stock faring? The Invesco QQQ ETF is up 0.80% in the past 5 days and has risen about 38.45% over the past year.   According to TipRanks'...