Published on 17 Dec 2023 on Zacks via Yahoo Finance
Zscaler, Inc. (ZS) Hits Fresh High: Is There Still Room to Run?
Have you been paying attention to shares of Zscaler (ZS)? Shares have been on the move with the stock up 12.7% over the past month. The stock hit a new 52-week high of $211.59 in the previous session. Zscaler has gained 88.4% since the start of the year compared to the 48.7% move for the Zacks Computer and Technology sector and the 51.3% return for the Zacks Internet - Services industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 27, 2023, Zscaler reported EPS of $0.67 versus consensus estimate of $0.49.