Investing in the stock market can be challenging, but with the right strategy and a bit of luck, it can also be incredibly rewarding. Whether you’re a growth, value, income, or momentum-focused investor, building a successful portfolio requires careful research and analysis. One stock that has recently caught the attention of analysts is Zscaler (ZS), which was recently upgraded to the Zacks Rank #1 list on June 26, 2024.
Zscaler is a leading provider of cloud-based security solutions, with 13 analysts revising their earnings estimates upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate for ZS has increased to $2.99 per share, with an average earnings surprise of 33.4%. Analysts are expecting earnings to grow by 67% for the current fiscal year, with revenue forecasted to rise by 32.4%. Additionally, ZS has seen an increase in value over the past four weeks, up 8.9% compared to the S&P 500’s gain of 3.4%.
With its strong financial performance and positive trend in earnings estimate revisions, Zscaler could be an excellent addition to any portfolio looking to generate returns that align with financial goals. If you’re interested in learning more about investment opportunities like ZS, consider downloading Zacks Investment Research’s report on the “7 Best Stocks for the Next 30 Days.”
