Yahoo Finance Looking for Computer and Technology Stocks? The Zacks Rank Can Help You Find Winners
Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
Should You Buy #1 (Strong Buy)-Ranked Zscaler (ZS) for Your Portfolio?
Zscaler was upgraded to the Zacks Rank #1 list on June 26, 2024. The Zacks Rank is a unique stock-rating model that helps you take advantage of earnings estimate revision trends and provides a way to get into stocks highly sought after by institutional investors.
Zscaler is one of the world’s leading providers of cloud-based security solutions.
13 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.26 to $2.99 per share. ZS boasts an average earnings surprise of 33.4%.
Analysts are expecting earnings to grow 67% for the current fiscal year, with revenue forecasted to rise 32.4%.
Even more impressive, ZS has gained in value over the past four weeks, up 8.9% compared to the S&P 500's gain of 3.4%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Zscaler could be just the stock to help your portfolio generate returns that could fund your retirement, your kids' college tuition, or your short- and long-term savings goals.
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