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Zscaler, Inc. (ZS - Free Report) enables leading organizations to securely transform their networks and applications that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zscaler could be a solid choice for investors.
Current Quarter Estimates for ZS
In the past 30 days, five estimates have gone higher for Zscaler while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a cent a share 30 days ago, to 3 cents today, a move of 200.0%.
Current Year Estimates for ZS
Meanwhile, Zscaler’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 15 cents per share 30 days ago to 21 cents per share today, an increase of 40.0%.
The stock has also started to move higher lately, adding 44.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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Why Zscaler (ZS) Could Be Positioned for a Surge
Zscaler, Inc. (ZS - Free Report) enables leading organizations to securely transform their networks and applications that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on ZS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Zscaler could be a solid choice for investors.
Current Quarter Estimates for ZS
In the past 30 days, five estimates have gone higher for Zscaler while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a cent a share 30 days ago, to 3 cents today, a move of 200.0%.
Current Year Estimates for ZS
Meanwhile, Zscaler’s current year figures are also looking quite promising, with eight estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 15 cents per share 30 days ago to 21 cents per share today, an increase of 40.0%.
Zscaler, Inc. Price and Consensus
Zscaler, Inc. price-consensus-chart | Zscaler, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 44.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
5 Stocks Set to Double
Each was hand-picked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2020. Each comes from a different sector and has unique qualities and catalysts that could fuel exceptional growth.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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