Zscaler Inc. (NASDAQ:ZS) traded today at a new 52-week high of $231.41. Approximately 705,000 shares have changed hands today, as compared to an average 30-day volume of 2 million shares.
Zscaler is a security-as-a-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 application 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.
Based on a current price of $228.45, Zscaler Inc. is currently 49.9% above its average consensus analyst price target of $114.54.
Over the past year, Zscaler Inc. has traded in a range of $112.50 to $231.41 and is now at $228.45, 103% above that low.
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