benzinga38d ago
Shares of Zscaler Inc (NASDAQ:ZS) tanked in early trading on Friday, despite the company’s upbeat fiscal second-quarter report.Here are the key analyst insights:Citizens JMP Securities analyst Trevor Walsh reiterated a Market Outperform rating, while lowering the price target from $355 to $290.Rosenblatt Securities analyst Catharine Trebnick maintained a Buy rating, while cutting the price target from $280 to $250.Check out other analyst stock ratings.Citizens JMP Securities: Although Zscaler reported its quarterly results ahead of expectations, investors remain concerned about "inorganic contribution," Walsh said in a note. Excluding Red Canary's ARR of $114 million, the company's net-new ARR rose 7% year-on-year to $139 million, he added.Management guided to revenue of $834 million-$836 million ...Full story available on Benzinga.com