Zscaler shares up as revenue forecast tops street view

Zscaler

03/09/2025 10:11

** Shares of Zscaler ZS.O up 3.2% at $283.85 premarket

** Co forecast annual revenue above Wall St estimates on Tuesday, betting on demand for its cybersecurity services

** Annual revenue between $3.27 bln and $3.28 bln, above expectations of $3.21 bln - data compiled by LSEG

** Zscaler is uniquely positioned to benefit from the shift in network security spending and platform innovation - J.P.Morgan

** Adds, "FY26 looks easier than FY25. Platform innovation and sales productivity are setting Zscaler up well for the year ahead."

** Stock rated "buy" on average by 48 analysts; median PT $322.09 - data compiled by LSEG

** Up to last close, stock has risen 52.1% YTD

 (Reporting by Rashika Singh in Bengaluru)

 ((Rashika.Singh@thomsonreuters.com;))