ZS Stock Summary and Trading Ideas (Zscaler | NASDAQ:ZS)

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

Zscaler trades on the NASDAQ stock market under the symbol ZS.

As of December 20, 2024, ZS stock price climbed to $187.38 with 2,648,364 million shares trading.

ZS has a beta of 2.56, meaning it tends to be more sensitive to market movements. ZS has a correlation of 0.50 to the broad based SPY ETF.

ZS has a market cap of $28.75 billion. This is considered a Large Cap stock.

Last quarter Zscaler reported $628 million in Revenue and $.77 earnings per share. This beat revenue expectation by $22 million and exceeded earnings estimates by $.14.

In the last 3 years, ZS traded as high as $332.50 and as low as $84.93.

The top ETF exchange traded funds that ZS belongs to (by Net Assets): QQQ, VTI, VO, VXF, CIBR.

ZS has underperformed the market in the last year with a price return of -14.3% while the SPY ETF gained +27.8%. However, in the short term, ZS had mixed performance relative to the market. It has outperformed in the last 3 months, returning +8.5% vs +4.4% return in SPY. But in the last 2 weeks, ZS shares have been beat by the market, returning -11.6% compared to an SPY return of -2.4%.

ZS support price is $177.97 and resistance is $188.45 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ZS shares will trade within this expected range on the day.