Shares of Zscaler Inc. (ZS) Have Risen Above Previous 52-Week High

July 12, 2021 10:18:44

Zscaler Inc. (NASDAQ:ZS) traded today at a new 52-week high of $236.30. This new high was reached on below average trading volume as 705,000 shares traded hands, while the average 30-day volume is approximately 1.8 million shares.

Zscaler Inc. (NASDAQ:ZS) is currently priced 49.5% above its average consensus analyst price target of $115.97.

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.

In the past 52 weeks, shares of Zscaler Inc. have traded between a low of $113.81 and a high of $236.30 and is now at $229.54, which is 102% above that low price.

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