Pro Research: Wall Street deep dive into Zscaler's prospects
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In the rapidly evolving sector of cybersecurity, Zscaler, Inc. (NASDAQ:ZS) has been a subject of intense scrutiny from Wall Street, with varied perspectives on its future trajectory. This deep-dive analysis consolidates views from several analysts to provide a comprehensive picture of Zscaler's current standing and potential in the markets it operates.
Zscaler is a trailblazer in cloud-based security, offering a suite of services designed to securely connect users, devices, and applications in a distributed environment. Its flagship offerings, such as Zscaler Internet Access (ZIA) and Zscaler Private Access (ZPA), are central to its Secure Access Service Edge (SASE) platform, which is increasingly vital as enterprises shift towards cloud computing and remote work.
Zscaler has been growing robustly, with analysts noting a 34% year-over-year increase in billings and federal new Annual Contract Value (ACV) growth over 90%. This growth trajectory is expected to continue, with the company targeting a $5 billion Annual Recurring Revenue (ARR) milestone, reflecting confidence in its business model and market opportunities. Analysts believe that Zscaler's expansion strategy, including its
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