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1. Earnings Reports: Zscaler’s performance in quarterly earnings reports significantly impacts its stock price. The company has a history of exceeding Wall Street expectations, which often leads to positive stock movements1.
2. Revenue Growth: Analysts are closely watching Zscaler’s revenue growth. For the upcoming earnings report, a year-on-year revenue growth of 24.7% is expected1. Consistent revenue growth is a strong indicator of the company’s financial health and future potential.
3. Market Sentiment: Investor sentiment in the cybersecurity sector also plays a role. Positive sentiment and performance from peers like Palo Alto Networks and Varonis have recently boosted Zscaler’s stock1.
4. Analyst Ratings and Estimates: Changes in analyst ratings and earnings estimates can cause significant price movements. Zscaler’s stock is currently rated as a “Hold” by Zacks, with stable earnings estimates2.
5. Valuation Metrics: Zscaler’s price-to-sales (P/S) ratio and other valuation metrics are considered by investors. Despite some anticipated contraction, the company’s strong position in SaaS cybersecurity suggests potential upside3.
6. Broader Market Trends: General market conditions, especially in the tech sector, can influence Zscaler’s stock. For instance, trends in cloud computing and cybersecurity demand are crucial factors1
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