Zscaler, Inc. (ZS) Stock: A Strong Pick In The Tech Space? – iWatch Markets

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Zscaler, Inc. (ZS) is trending up in the market in today’s trading session. The company, one that is focused on the technology industry, is currently priced at $73.55 after heading up 0.00% so far in today’s session. As it relates to tech stocks, there are a number of factors that have the potential to lead to gains in the market. One of the most common is news. Here are the most recent trending headlines relating to ZS:

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However, when making an investing decision, prospective investors should focus on much more than news, especially in the ever changing technology space. Here’s what’s happening in regard to Zscaler, Inc..

Recent Trends From ZS

While a move toward the top in a single session, like the move that we’re seeing from Zscaler, Inc. may make some investors jump for joy, that by itself shouldn’t be the basis of a decision to, or not to, invest in a stock. It is always important to dig into trends experienced by the stock beyond a single trading day. When it comes to ZS, below are the trends that investors have experienced:

  • Weekly – In the last 7 days, ZS has produced a price change amounting to 9.12%.
  • Past 30 Days – The monthly returns from Zscaler, Inc. has been 7.47%.
  • Past Quarter – Throughout the last quarter, the company has produced a return on investment of 51.77%
  • Bi-Annually – In the previous six months, investors have seen a change that works out to 79.52% from the company.
  • Year To Date – Since the the last trading session of last year ZS has produced a return on investment of 87.58%.
  • Annually – Finally, throughout the last full year, investors have seen a change that comes to 164.09% from ZS. Over this period of time, the stock has sold at a high price of -1.39% and a low price of 197.05%.

Rations That Investors Should Consider

Looking at a few key ratios having to do with a company can provide prospective investors a look of how risky and/or potentially profitable a stock pick may be. Here are some of the most important ratios to think about when looking at ZS.

Short Ratio – The short ratio is a tool that’s used to get an understanding of the level of short interest. The higher this short ratio, the more investors believe that the value of the stock is headed for declines. In general, strong technology stocks tend to carry a lower short ratio. However, we tend to see a lot of short squeezes in the space. Nonetheless, as it relates to Zscaler, Inc., it’s short ratio clocks in at 3.33.

Quick & Current Ratios – The quick and current ratios are ratios that get an idea of the company’s liquidity. Basically, they measure whether or not a company can pay for its debts when they come due with only quick assets or current assets. Because in tech, many companies rely on the continuation of support from investors as they work to bring new technologies to market, the current and quick ratios can look upsetting. Nonetheless, some good picks in the tech industry come with positive current and quick ratios. As it relates to ZS, the quick and current ratios come to 2.10 and 2.10 respectively.  

Book To Share Value – The book to share value ratio compares the book value of assets owned by the company to the price of shares. In this case, that ratio works out to 2.26.

Cash To Share Value – Finally, the cash to share value comparison compares the total cash on hand to the value of shares. As it relates to ZS, the cash to share value comes to 2.94.

What Are Big Money Players Doing With Zscaler, Inc.

Humans that are into investing seem to be infatuated with the term “Smart money follows big money.” It makes sense. Big money became big money by making smart decisions in the market. So, by following the moves of big money institutions and insiders, we can get a glimpse of what market pros think about a stock. When it comes to big money interest in ZS, here’s what we’re seeing:

Institutions own 31.30% of the company. Institutional interest has moved by 4.06% over the past three months. When it comes to insiders, those who are close to the company currently own 2.50% percent of ZS shares. Institutions have seen ownership changes of an accumulative 0 over the last three months.

Analyst Opinions With Regard To Zscaler, Inc.

Although it’s rarely a good idea to blindly follow the thoughts of analysts, it is a smart idea to use their thoughts to validate your own thoughts when it comes to making investment decisions in the technology industry. Here are the most recent moves that we have seen from analysts when it comes to ZS.

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Apr-09-19 Reiterated Credit Suisse Outperform $55 → $75
Apr-02-19 Reiterated BofA/Merrill Neutral $62 → $74
Mar-01-19 Reiterated Needham Strong Buy
Jan-15-19 Downgrade Morgan Stanley Equal-Weight → Underweight
Jan-11-19 Initiated Piper Jaffray Overweight $50

Financial Results And Expectations

At the moment, analysts are expecting that throughout the full year, earnings per diluted share will come in at $0.17. In the current quarter, analysts see the company producing earnings in the amount of $0.01. Over the last 5 years, ZS has generated revenue in the amount of $0 with earnings coming in at 0. On a quarter over quarter basis, earnings have seen movement of 62.60% and revenue has seen movement of 65.10%.

A Look At Share Counts

Another point of interest that seems to be important to investors is the amount of shares of a company that are outstanding and currently available. At the moment, there are 115.83M shares of Zscaler, Inc. outstanding. Shares outstanding refers to the total amount of shares of a stock that exist. As far as the float goes, or the amount of shares that are actually available on the retail market, ZS has a float of 59.57M.

Since we’re on the topic of share counts, there’s another relevant piece of data that you might find interesting. That would be the short percentage of the float. Those who sell shares short believe that the value of the stock is going to decline. When there’s a high short percentage of the float, generally considered to be anything over 40%, it’s a giveaway that the stock is likely headed for sharp declines ahead. Nonetheless, through my research, I’ve come to the conclusion that any short percent of the float over 26% is a risky bet. When it comes to ZS, the short percent of the float is 12.44%.

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