On September 21, Zscaler Inc. rose 5.09% in regular trading, trading at $207.38 per share, with turnover of approximately $378 million. The rally was driven by the continued momentum of the AI security narrative across the cybersecurity sector.
On the news front, CEOs of Anthropic and OpenAI recently published warnings about AI-driven cybersecurity risks, reigniting market interest and repricing across the cybersecurity space. The broader sector saw significant gains, with CrowdStrike rising over 5% in the same session. Zscaler's own fundamentals also provided support: its fiscal Q4 adjusted EPS of $1.19 beat consensus estimates of $1.09 by approximately 9%. Multiple institutions maintained bullish ratings, with RBC raising its price target to $210 and BofA adjusting its target to $210.
Additionally, Zscaler recently launched its Agentic SOC solution to combat AI-driven threats and deepened its technical collaboration with CrowdStrike through a native Falcon Foundry application integrating Zscaler OneAPI. These platform-level moves continue to strengthen Zscaler's competitive positioning in the AI security segment.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)