JMP Securities analyst Erik Suppiger reiterated a Buy rating on Zscaler (NASDAQ:ZS) on Wednesday, setting a price target of $400, which is approximately 15.28% above the present share price of $346.97.
Suppiger expects Zscaler to post earnings per share (EPS) of -$0.59 for the fourth quarter of 2021.
The current consensus among 24 TipRanks analysts is for a Moderate Buy rating of shares in Zscaler, with an average price target of $340.17.
The analysts price targets range from a high of $415 to a low of $266.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $197.07 million and a net profit of -$67.4 million. The company's market cap is $48.59 billion.
According to TipRanks.com, JMP Securities analyst Erik Suppiger is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.0% and a 64.18% success rate.
Zscaler, Inc., formerly known as SafeChannel Inc., is a cloud-based security solutions provider. The company offers a full range of enterprise network security solutions including internet security, web security, vulnerability management, firewalls, antivirus, and control over user activity in mobile, cloud computing, and Internet of Things environments.