Why Zscaler Inc’s (ZS) Stock Is Up 4.02% (2024)

Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Zscaler Inc before investing.

In this article, we go over a few key elements for understanding Zscaler Inc’s stock price such as:

Before we jump into Zscaler Inc’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Zscaler, Inc. is a cloud security company, which has developed a platform incorporating core security functionalities needed to enable access to cloud resources based on identity, context and organization’s policies. The Company’s solution is a purpose-built, multi-tenant, distributed cloud platform that incorporates the security functionality needed to enable users, applications and devices to utilize authorized applications and services based on an organization’s business policies. The Company delivers its solutions using a software-as-a-service (SaaS) business model and sells subscriptions to customers to access its cloud platform, together with related support services. The Company’s cloud-native platform, the Zscaler Zero Trust Exchange, enables customers to secure and connect users, workloads and Internet of things (IoT)/ operational technology (OT) devices across three core products, Zscaler for Users, Zscaler for Workloads and Zscaler for IoT/OT.

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As of February 23, 2024, 4:00 PM, CST, Zscaler Inc’s stock price was $235.23.

Zscaler Inc is up 4.02% from its previous closing price of $226.15.

During the last market session, Zscaler Inc’s stock traded between $218.91 and $229.34. Currently, there are 147.63 million shares of Zscaler Inc stock available for purchase.

Unfortunately, Zscaler Inc’s P/E ratio is not significant enough to use for stock price evaluation. We recommend investors evaluate other financial metrics to understand its overall valuation.

Zscaler Inc’s (ZS) price is currently down 0.19% so far this month.

During the month of February, Zscaler Inc’s stock price has reached a high of $259.61 and a low of $202.44.

Over the last year, Zscaler Inc has hit prices as high as $259.61 and as low as $84.93. Year to date, Zscaler Inc’s stock is up 110.21%.

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Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of February 22, 2024, there were 0 analysts who downgraded Zscaler Inc’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Zscaler Inc’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Zscaler Inc’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Zscaler Inc’s current valuation based on AAII’s Value Grade is a F, which means it is considered to be Ultra Expensive.

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Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Zscaler Inc (ZS) by visiting AAII Stock Evaluator.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of February 22, 2024, Zscaler Inc has a weighted four-quarter relative price strength of 7.89%, which translates to a Momentum Score of 87 and is considered to be Very Strong.

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As of February 23, 2024, Zscaler Inc’s stock price is $235.23, which is up 4.02% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Zscaler Inc stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

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