Zscaler, Inc. (ZS - Free Report) was a big mover last session, as the company saw its shares rise more than 6% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 37.4% in the past one-month time frame.
The move came after the company announced that it has extended cloud capabilities to provide secure access to B2B applications.
The company has seen three negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Zscaler currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
Investors interested in the Internet - Services industry may consider a better-ranked stock like Alphabet Inc. (GOOGL - Free Report) , which carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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