tl;dr
Zscaler (NASDAQ: ZS) fell slightly more than 1% on Wednesday after being initiated at KeyBanc Capital Markets with a Sector Weight rating. It's simply too expensive, analysts Eric Heath and Billy Mandl wrote in a note. The bank's nonetheless positive on the market for Secure Access Service Edge, or ...
Zscaler (NASDAQ: ZS) fell slightly more than 1% on Wednesday after being initiated at KeyBanc Capital Markets with a Sector Weight rating. It's simply too expensive, analysts Eric Heath and Billy Mandl wrote in a note. The bank's nonetheless positive on the market for Secure Access Service Edge, or SASE, cloud models, but competition is increasing and shares are fairly valued. Zscaler will have 20%-plus share of the market, but the company hasn't seen much success expanding beyond that. "The network security industry is undergoing a fundamental shift from a traditional hub-and-spoke, firewall-based architecture to a zero-trust, distributed, local-breakout architecture with SASE," the analysts said. The SASE market is set to grow 27% to $28B in 2027 and competition will increase from the likes of Microsoft (MSFT), Fortinet (FTNT), Cisco (CSCO), Checkpoint (CHKP), and Cloudflare (NET). "We see management, while optimizing for profitable growth, prioritizing growth over margin expansion going forward," the analysts said. The stock has a BUY rating from Seeking Alpha authors, while Wall Street analysts rate it a BUY. Seeking Alpha's quant system, which consistently beats the market, rates the stock a HOLD.
More about Zscaler Inc
Zscaler Inc, a global cloud security company headquartered in San Jose, California, has seen a decrease in stock performance with a -1.16% change. Despite this, the company's market sentiment remains neutral with a Relative Strength Index (RSI) of 12.04, indicating a potential oversold condition. The company's market cap is currently at $34,439,954,000, and volume is at 1,758,107,000. Zscaler Inc's stock is currently trading at a level close to the support and resistance levels, and it is important to monitor for potential breakouts. The company's technical indicators such as moving averages and Bollinger Bands suggest a bearish trend, but it's worth noting that past market behavior may not always accurately predict future performance. As always, potential risks and uncertainties should be considered when making any investment decisions.
More about Microsoft Corporation
Microsoft Corporation is a major player in the technology industry, offering a range of software and hardware products. With a market capitalization of approximately $2.9 trillion and a stock price of $412.71, it is clear that the company is a significant force in the market. The stock has shown a 10.3% increase over the past year, indicating positive performance. However, the stock's Relative Strength Index (RSI) of 29.35 suggests that it may be approaching oversold territory. This could indicate a potential buying opportunity for investors. It is important to note that past market behavior is not always a reliable indicator of future performance, and there are inherent risks associated with investing in the stock market. As always, investors should conduct their own thorough analysis before making any investment decisions.
More about Fortinet Inc
Fortinet Inc (Nasdaq: FTNT) is a cybersecurity solutions company with a market capitalization of $47.95 billion. The stock is currently trading at $43.36, with a 52-week high of $59.33. The stock has shown a 1-year return of 6.61%, and the company has a Price/Earnings ratio of 0.414. Market sentiment appears to be moderately bullish, with a positive trend in the cybersecurity industry and growing demand for Fortinet's products and services. However, potential risks include competition from other cybersecurity firms and the evolving nature of cyber threats. Past performance may not be indicative of future results, so investors should exercise caution and perform thorough due diligence before making investment decisions.
More about Cisco Systems Inc
Cisco Systems Inc. is a technology conglomerate specializing in networking hardware, software, telecommunications equipment, and high-technology services and products. With a market capitalization of $205.57 billion, the stock is currently trading at $15.28, with a 1.55% change. The stock has a 3.31% dividend yield and a 14.22 P/E ratio. Cisco Systems Inc. has a market sentiment score of 0.234, indicating a neutral sentiment. The company has a total revenue of $58.03 billion, with a 54.06% gross profit margin. Despite these metrics, it's important to note that past market behavior is not always a reliable indicator of future performance, and potential risks or uncertainties should be considered.
More about Check Point Software Technologies Ltd
Check Point Software Technologies Ltd is a technology company that develops, markets, and supports IT security products and services globally. With a market capitalization of $18.26 billion and a stock price of $153.75, the company has shown steady performance with a 52-week range of 7.16 to 20.2. The stock is currently trading at 21.8, with a relative strength index (RSI) of 0.36, indicating a slightly overbought condition. The company's financial metrics show a strong position with a revenue of $2.39 billion. However, it is important to note that past market behavior is not always a reliable indicator of future performance, and there may be potential risks or uncertainties associated with the company's stock performance.
More about Cloudflare Inc
Cloudflare Inc operates a cloud platform that offers a range of network services to companies around the world. The company's market capitalization is $25.97 billion, with a stock price of $72.53. The stock has shown a 3.645% decrease in the last quarter and a -0.167% decrease in the last month. The market sentiment towards Cloudflare Inc is currently neutral, with a Relative Strength Index (RSI) of 0.322. It is important to note that past stock performance is not always indicative of future results, and potential risks or uncertainties should be considered when analyzing this data.
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