Barclays initiates Zscaler at 13% upside

|About: Zscaler (ZS)|By:, SA News Editor

Barclays initiates Zscaler (NASDAQ:ZS) at Equal Weight with a $30 price target, a 13% upside to yesterday’s close.

Analyst Saket Kalia expects billings to grow at a 30% CAGR through FY20 with the shift of applications to the cloud impacts traditional security architectures.

Zscaler shares are up 1.7% premarket to $27.  

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