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Stock impact report

Zscaler Stock Up 42% YTD On Work From Home Trend [Forbes]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Forbes
Zscaler is expected to benefit from increased demand for securing remote work environments. Shares... [+]of Zscaler have rebounded 89% from the 52-week low of $35 reached in March.GettyWith more people working from home, organizations are looking to rapidly deploy solutions that enable employees to remotely access both internal and external applications in a secure manner. Shares of cloud-based security solutions vendorFor FY’20 (ending July), Wall Street is looking for Zscaler revenue of $415.7 million, representing growth of 37.3%. With the shares recently trading at $66.25, the enterprise value of $8.2 billion is 19.7 times the FY’20 consensus top-line estimate and 15.2 times the FY’21 consensus of $536.7 million (growth of 29.1%).The company’s Zscaler Internet Access (ZIA) offering is a secure Web gateway delivered from the cloud. ZIA connects to more than 150 Zscaler datacenters worldwide, linking users to their destinations based on policies. The biggest ZIA deal drivers today a Show less Read more
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