46.00 +0.17 (0.37%)
After hours: 7:47PM EST
|Bid||45.51 x 1200|
|Ask||45.78 x 800|
|Day's Range||44.61 - 46.05|
|52 Week Range||30.72 - 89.54|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Earnings Date||Dec 3, 2019|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||62.44|
Paul Martini, the CEO of Boston-based cloud security company iboss Inc., recently said that an IPO is “definitely” down the road, providing details regarding revenue goals and expected IPO range. While cybersecurity and IPO experts agree that cybersecurity is a growth area, they were surprised to hear Martini's proposed timeline for hiring a CFO. Martini is aiming to have a CFO just three to four months before the planned IPO.
Zscaler, Inc., the leader in cloud security, today announced it was named a Leader in the Gartner Magic Quadrant for Secure Web Gateways for the ninth year in a row. The report, which evaluated 11 vendors based on their ability to execute and their completeness of vision, positioned Zscaler furthest in completeness of vision and highest in the ability to execute. “Zscaler was built for the cloud, and we are dedicated to continued innovation so that our customers have a holistic way to securely navigate their cloud transformation,” said Jay Chaudhry, founder and CEO of Zscaler.
Shares of Fortinet Inc. [ftnt], Palo Alto Networks Inc. [panw], and Verint Systems Inc. are trading higher in Tuesday's session after Goldman Sachs analyst Brian Essex initiated coverage of the cybersecurity names with buy ratings. He began coverage of Check Point Software Inc. , FireEye Inc. , and Zscaler Inc. at hold and established a sell rating on shares of SecureWorks Corp. . "Within our coverage universe, we prefer stocks of companies with favorable exposure to next-generation security, an ability to take share in key markets, a demonstrated ability to execute, and strong fundamentals with cash flow," Essex wrote. "Although high growth software stocks have pulled back over the past few months, we believe the market will continue to reward high-growth share gainers in the market with a premium to peers." The initiations come as the First Trust NASDAQ Cybersecurity ETF has risen 27% so far in 2019. The S&P 500 is up 23% in that time.
On CNBC's "Mad Money Lightning Round," Jim Cramer said he likes Lendingtree Inc (NASDAQ: TREE ) in this environment. The market doesn't like Okta Inc (NASDAQ: OKTA ) right now, said Cramer. He ...
Zscaler, Inc. (ZS), the leader in cloud security, today was named the first cloud security provider to be a certified partner in the Microsoft Networking Partner Program (NPP) for Office 365. The program is designed to offer customers a set of partners whose deployment practices and guidance are aligned with Microsoft’s networking recommendations for Office 365 to provide users a fast and secure user experience.
SAN JOSE, Calif., Nov. 05, 2019 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release first quarter fiscal year 2020 earnings after the market closes on.
Zscaler, Inc. (ZS), the leader in cloud security, today announced results from the first industry survey to examine enterprise adoption of Zero Trust Network Access (ZTNA). The 2019 Zero Trust Adoption Report, conducted by Cybersecurity Insiders, reveals that 15 percent of organizations have already enacted ZTNA and more than half (59 percent) plan to implement ZTNA in the next 12 months. This means only three of every 20 organizations are protected against VPN attacks, which are some of the latest security breaches impacting business operations.
Since late August, Shopify (NYSE:SHOP) stock has come under considerable pressure. Note that the shares have gone from $406 to $310. But then again, there has been a selloff of many high-flying tech stocks, such as Zscaler (NASDAQ:ZS), Workday (NASDAQ:WDAY) and Zoom Video Communications (NASDAQ:ZM).Source: Jirapong Manustrong / Shutterstock.com However, the recent volatility of Shopify stock looks more like a blip, considering that SHOP stock has soared more than 120% this year. So what now? Will Shopify stock resume its winning ways?Well, this week the company reported its third-quarter results -- and yes, the growth story looks to be intact. Revenues jumped by 45% to $390.6 million. The Street, on the other hand, was looking at estimates of $383.8 million.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Shopify's InnovationA key to the company's success has been its focus on innovation, which has continued to improve the platform for merchants. Here are just some of the highlights during the quarter: * Shopify launched the Experts Marketplace, which connects merchants with agencies and freelancers who can help with store building, marketing and custom development. * Shopify Marketing now has the ability to easily buy digital ads across Microsoft's (NASDAQ:MSFT) platforms, Yahoo! and AOL. * The company is allowing the sale of hemp or hemp-derived cannabidiol products on its platform. This is so long as various federal, state and local laws are complied with. According to BDS Analytics, the market in the U.S. is expected to jump from $1.9 billion in 2018 to $20 billion by 2024. * The company has launched Shopify Chat, which is a native chat function that allows for real-time conversations with customers. Consider that there are already other chat integrations, such as for Facebook's (NASDAQ:FB) Messenger and Apple's (NASDAQ:AAPL) Business Chat.But perhaps the most important development for SHOP stock is the company's debut of its fulfillment network. It's a sophisticated system that makes it easier for merchants to deliver their products in the US. It is based on advanced inventory technologies and backed by machine learning that helps with predictions. 6 River SystemsTo bolster the network, Shopify spent $450 million to acquire 6 River Systems. The company is a leader in automation and robot systems for fulfillment.According to 6 River Systems co-CEO Jerome Dubois: "By joining Shopify, we're changing the game of fulfillment. Together, we will help thousands of businesses improve their fulfillment operations, with an easy-to-learn solution that can more than double productivity and improve accuracy."Yet the fulfillment strategy will take time to have an impact on SHOP's financial results. But according to the earnings call, the early indications are that merchants are showing strong adoption. Bottom Line On SHOP StockIn the quarter, SHOP did post an unexpected loss of 29 cents a share, while the consensus estimate was for a profit of 11 cents a share. Although the company is investing heavily in research, development, marketing and global expansion, it is concerning that -- despite the scale of revenues -- there remain losses. This could be a problem going forward, as investors are getting more focused on profitability for tech companies.Next, competition is becoming a factor. Just some of the rivals include Salesforce (NYSE:CRM), Adobe (NASDAQ:ADBE) and Square (NYSE:SQ). There is even buzz that Amazon (NASDAQ:AMZN) will make a play for the market.In the meantime, SHOP stock is already factoring in much of the good news anyway. Unless the company sees a big growth on the top line -- with profits -- it could be tough for the shares to post market-beating gains.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Dividend Stocks That Could Struggle to Continue Payout Hikes * 8 Consumer Stocks to Buy before Thanksgiving * 10 Stocks to Buy Regardless of Q3 Earnings The post Innovation Is Key to Shopify Stock's Success appeared first on InvestorPlace.
Cybersecurity company iboss Inc., which relocated its headquarters from San Diego to Boston in 2016, may file the documents to go public in the next 12 months, provided it hits its recurring revenue goals, according to CEO Paul Martini. But it still hasn't a chief financial officer.
Some Zscaler, Inc. (NASDAQ:ZS) shareholders are probably rather concerned to see the share price fall 50% over the...
The start of a major uptrend is hard to spot if you learn how to trade growth stocks and rely solely on news headlines. Look for this specific chart action.
The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Zscaler Inc. (“Zscaler” or “the Company”) (NASDAQ: ZS) for violations of securities laws. We also encourage you to contact Brian Schall of the Schall Law Firm, 1880 Century Park East, Suite 404, Los Angeles, CA 90067, at 424-303-1964, to discuss your rights free of charge.
TheStreet warned in April that pricey cloud stocks would fall to earth, and it's happened. But they may have lower still to go as investors turn away from pricey high-growth tech names.
Bernstein Liebhard LLP, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Zscaler Inc. ("Zscaler" or the "Company") (ZS) resulting from allegations that Zscaler may have issued misleading information to the investing public. If you purchased Zscaler securities, and/or would like to discuss your legal rights and options please visit Zscaler Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or MGuarnero@bernlieb.com. On September 10, 2019, Zscaler disclosed that its larger deals were taking longer to close.
LOS ANGELES, CA / ACCESSWIRE / October 14, 2019 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Zscaler Inc. ("Zscaler" ...
Reputable billionaire investors such as Jim Simons, Cliff Asness and David Tepper generate exorbitant profits for their wealthy accredited investors (a minimum of $1 million in investable assets would be required to invest in a hedge fund and most successful hedge funds won't accept your savings unless you commit at least $5 million) by pinpointing […]
While oil fell again due to reports of growing stockpiles in Oklahoma, soybeans fell because of weak demand from China. Yahoo Finance’s Brian Sozzi, Alexis Christoforous and Jared Blikre break down today’s commodities report on The First Trade.