BMO upgrades ZScaler to outperform after earnings beat, says inventory can rise 30%
Zscaler rings the opening bell on the Nasdaq change in New York, March 16, 2018.
The roll out of latest merchandise ought to assist ZScaler seize extra market share within the fast-growing community safety trade, in response to BMO Capital Markets.
Analyst Keith Bachman upgraded the community safety inventory to outperform from market carry out, saying in a be aware to purchasers on Tuesday evening that the corporate had a pathway for “sturdy progress.”
The corporate launched its fiscal third-quarter outcomes on Tuesday, reporting 15 cents in adjusted earnings per share on $176.4 million in income. Each numbers had been comfy above what analysts had been anticipating, in response to Refinitiv.
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