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Barclays initiates Zscaler at 13% upside

Apr. 10, 2018 7:49 AM ETZscaler, Inc. (ZS)ZSBy: Brandy Betz, 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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