Zscaler slips, analysts note cautious outlook - ZS News | RalliesZscaler slips, analysts note cautious outlook
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ZS• Zscaler shares fall after cautious outlook
- Shares of cloud security company Zscaler (ZS.O) fell 3.3% to $171.93 in premarket trading.
- The stock has rallied 55% from the low hit in April.
- The company sees FY27 revenue at $3.91 billion to $3.94 billion.
- TD Cowen expects Zscaler's FY27 revenue growth to slow to 17.5% from 25% in FY26.
- Zscaler's outlook reflects caution around changes in its sales leadership, Jefferies said in a note.
- 38 of 49 brokerages rate the stock "buy" or higher, and 11 rate it "hold"; the median price target is $210, according to LSEG data.
- As of the last close, shares were down 21% year to date.
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