The sale is intended to satisfy withholding tax obligations associated with the issuance of restricted stock units, pursuant to Zscaler's (NASDAQ: ) equity incentive plans, and not as a derivative transaction.
The sale is intended to meet the withholding obligations associated with the issuance of restricted stock units, pursuant to Zscaler's stock incentive plans, and not as a contingent sale.
The sale is intended to meet the withholding obligations associated with the issuance of restricted stock units, pursuant to Zscaler's stock incentive plans, and not as a contingent sale.
In other recent news, Zscaler, a cloud security leader, has seen analyst activity. The Bernstein SocGen Group maintained an Outperform rating on Zscaler shares, despite the decline in billings growth in the last quarter, stressing that the focus on billings can be negatively impacted by the real health of the business. BMO Capital Markets, RBC Capital Markets, and KeyBanc Capital Markets reaffirmed their positive ratings on Zscaler, with BMO raising its price target to $222. These ratings come on the heels of Zscaler's strong first quarter performance, marked by 34% year-over-year revenue growth.
In another important development, Nokia (HE:) adopted Zscaler's Zero Trust Exchange platform to improve cloud security and efficiency. The move is expected to streamline Nokia's operations, reduce latency, and increase security. In addition, Zscaler revised its financial forecast for fiscal year 2025 upward, following a strong first quarter that exceeded expectations.
Despite the announced retirement of Zscaler's CFO, analysts maintain a positive outlook for the company's future growth and profitability. This is a recent development that provides investors with a snapshot of Zscaler's current position in the market.
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