Why Zscaler Shares Are Rising Today

Zscaler Inc ZS is trading higher Monday after multiple analyst firms maintained bullish ratings on the stock and raised their price targets, respectively.

Needham analyst Alex Henderson maintained Zscaler with a Strong Buy rating and raised the price target from $345 to $390.

RBC Capital analyst Matthew Hedberg maintained Zscaler with an Outperform rating and raised the price target from $326 to $380.

ZScaler is set to announce its fiscal first-quarter financial results after the market closes on Nov. 30.

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Zscaler is a security-as-a-service firm that offers its customers cloud-delivered solutions for protecting user devices and data.

ZS Price Action: ZScaler has traded as high as $376.11 and as low as $143.40 over a 52-week period.

The stock was up 5.16% at $354.28 at time of publication.