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Wall Street Bullish on Zscaler Despite 25% Drop from Peak
Wall Street Bullish on Zscaler Despite 25% Drop from Peak
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BTCCSquare news:
Zscaler (ZS) remains a top pick among Wall Street analysts despite trading 25% below its 2021 high. The cybersecurity firm’s Zero Trust Exchange platform addresses critical vulnerabilities as businesses shift operations online, driving strong quarterly results. After-hours trading saw a 6% spike following its fiscal year-end report.
Analysts highlight Zscaler’s leadership in zero-trust security, a growing necessity in cloud-based environments. The stock’s current valuation reflects a correction from unsustainable 2021 tech frenzy levels, but consensus suggests continued recovery potential.
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