Zscaler traded at $176.06 this Monday August 24th, decreasing $5.69 or 3.13 percent since the previous trading session. Looking back, over the last four weeks, Zscaler lost 19.52 percent. Over the last 12 months, its price fell by 34.71 percent. Looking ahead, we forecast Zscaler to be priced at 177.86 by the end of this quarter and at 166.68 in one year, according to Trading Economics global macro models projections and analysts expectations.
Zscaler, Inc. is a cloud security company, which has developed a platform incorporating core security functionalities needed to enable access to cloud resources based on identity, context and organization’s policies. The Company’s solution is a purpose-built, multi-tenant, distributed cloud platform that incorporates the security functionality needed to enable users, applications and devices to utilize authorized applications and services based on an organization’s business policies. The Company delivers its solutions using a software-as-a-service (SaaS) business model and sells subscriptions to customers to access its cloud platform, together with related support services. The Company’s cloud-native platform, the Zscaler Zero Trust Exchange, enables customers to secure and connect users, workloads and Internet of things (IoT)/ operational technology (OT) devices across three core products, Zscaler for Users, Zscaler for Workloads and Zscaler for IoT/OT.