On Tuesday, Zscaler Inc (NASDAQ: ZS) opened higher 1.09% from the last session, before settling in for the closing price of $184.90. Price fluctuations for ZS have ranged from $153.45 to $259.61 over the past 52 weeks.
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Annual sales at Technology sector company grew by 48.57% over the past five years. Company’s average yearly earnings per share was noted -10.59% at the time writing. With a float of $94.08 million, this company’s outstanding shares have now reached $152.49 million.
Let’s look at the performance matrix of the company that is accounted for 7348 employees. In terms of profitability, gross margin is 78.13%, operating margin of -5.74%, and the pretax margin is -1.35%.
Zscaler Inc (ZS) Insider Updates
A key investor’s attitude towards the stock of the Software – Infrastructure industry is another important factor to consider. The insider ownership of Zscaler Inc is 38.31%, while institutional ownership is 46.97%. The most recent insider transaction that took place on Oct 09 ’24, was worth 260,740. In this transaction Chief Legal Officer of this company sold 1,435 shares at a rate of $181.70, taking the stock ownership to the 105,806 shares. Before that another transaction happened on Oct 09 ’24, when Company’s Officer proposed sale 1,435 for $176.93, making the entire transaction worth $253,895.
Zscaler Inc (ZS) Performance Highlights and Predictions
If we go through the results of last quarter, which was made public on 7/31/2024, the company posted 0.67 earnings per share (EPS) for the quarter, besting the agreed prediction (set at 0.49) by 0.18. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.69 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -10.59% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 18.50% during the next five years compared to -10.72% drop over the previous five years of trading.
Zscaler Inc (NASDAQ: ZS) Trading Performance Indicators
Check out the current performance indicators for Zscaler Inc (ZS). In the past quarter, the stock posted a quick ratio of 1.04. In addition, a publicly-traded company’s price to sales ratio for the trailing twelve months stands at 13.15. Likewise, its price to free cash flow for the trailing twelve months is 48.73.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is -0.39, a number that is poised to hit 0.63 in the next quarter and is forecasted to reach 3.49 in one year’s time.
Technical Analysis of Zscaler Inc (ZS)
Zscaler Inc (NASDAQ: ZS) saw its 5-day average volume 1.11 million, a negative change from its year-to-date volume of 2.04 million. As of the previous 9 days, the stock’s Stochastic %D was 41.46%. Additionally, its Average True Range was 5.25.
During the past 100 days, Zscaler Inc’s (ZS) raw stochastic average was set at 61.18%, which indicates a significant increase from 53.57% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 25.26% in the past 14 days, which was lower than the 46.24% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $179.11, while its 200-day Moving Average is $191.06. Nevertheless, the first resistance level for the watch stands at $188.73 in the near term. At $190.55, the stock is likely to face the second major resistance level. The third major resistance level sits at $193.07. If the price goes on to break the first support level at $184.39, it is likely to go to the next support level at $181.87. Assuming the price breaks the second support level, the third support level stands at $180.05.
Zscaler Inc (NASDAQ: ZS) Key Stats
There are currently 152,490K shares outstanding in the company with a market cap of 28.50 billion. Presently, the company’s annual sales total 2,168 M according to its annual income of -57,710 K. Last quarter, the company’s sales amounted to 592,870 K and its income totaled -14,880 K.
