Monday, 18 October 2021 03:37 GMT

Shares of Zscaler Inc. (ZS) Exceed 52-Week High


(MENAFN- Investor Brand Network) Shares of Zscaler Inc. (NASDAQ:ZS) traded today at $294.11, eclipsing its 52-week high. Approximately 705,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.

Zscaler Inc is a security-as service firm that offers its customers cloud-delivered solutions for protecting user devices and data. The firm leverages its position in 150 colocation data centers to deliver traditionally appliance-based security functionality, such as firewalls and sandboxes, as a completely cloud-native platform. The firm focuses on large enterprise customers and offers two primary product suites: Zscaler Internet Access, which securely connects users to externally managed applications and websites (such as Salesforce and Google), and Zscaler Private Access, which securely connects users to internally managed applications. Both product suites encompass a broad gamut of capabilities situated across the traditional security stack.

Over the past year, Zscaler Inc. has traded in a range of $120.34 to $294.11 and is now at $291.37, 142% above that low.

Based on a current price of $291.37, Zscaler Inc. is currently 1.6% above its average consensus analyst price target of $286.61.

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