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Zscaler beat earnings estimates, saw mixed investor bets, and got a price target hike to $355.00.
Institutional investor Churchill Management Corp reduced its stake in cloud security company Zscaler by 4.1% in the first quarter, while Mirae Asset Global Investments increased its holdings.
Zscaler reported earnings of $0.84 per share, beating estimates, with a 22.6% revenue increase.
Analysts have a "Moderate Buy" rating with a $295.50 target price, and JMP Securities raised its target to $355.00, indicating a potential 12.22% upside.
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Zscaler superó las estimaciones de ganancias, vio apuestas mixtas de los inversores, y obtuvo un aumento del precio objetivo a $355.00.