Zscaler Signals Strength With Positive Indicators Ahead Of Monday's Earnings

Zscaler Inc ZS will be reporting its first-quarter earnings on Monday. Wall Street expects 63 cents in EPS and $606.20 million in revenues as the company reports after market hours.

The stock is up 2.56% over the past year, 24.69% over the past six months.

Let’s look at what the charts indicate for Zscaler stock and how the stock currently maps against Wall Street estimates.

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Zscaler Shows Moderately Bullish Trend Ahead Of Q1 Earnings

Zscaler is showing a moderately bullish trend ahead of its earnings, although slight selling pressure is evident.

Chart created using Benzinga Pro

The stock price of $204.96 is hovering just below its eight-day simple moving average (SMA) of $206.77, which signals some near-term resistance.

However, Zscaler stock is trading above key support levels, with the 20-day SMA at $201.27, the 50-day SMA at $189.44, and the 200-day SMA at $187.77, all suggesting a bullish long-term outlook.

The moving average convergence/divergence (MACD) indicator is also positive at 5.39, reinforcing the overall bullish sentiment.

The relative strength index (RSI) of 57.45 shows Zscaler stock is not yet overbought, indicating room for potential upside as it prepares for earnings. 

Zscaler Analysts See 17% Upside

Zscaler Analysts Ratings & Consensus Estimates: The consensus analyst rating on Zscaler stock stands at a Buy currently with a price target of $219.85. Analysts from BTIG, Jefferies and Keybanc set an average price target of $242.67 for Zscaler stock, implying a 17.37% upside.

ZS Price Action: Zscaler stock was up 0.7% to $206.41 at the time of publication Friday.

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