Why Zscaler Shares Are Trading Higher By Around 18%; Here Are 20 Stocks Moving Premarket revenue, Benzinga, Zscaler, adjusted earnings, analyst estimates, pre-market trading, consensus estimate, third-quarter earnings by https://www.benzinga.com/
AI Insights:
Simple Explanation:
Someone wrote an article about a company called Zscaler and how they did really well in the last three months. Because of this, people are excited and want to buy more of their shares, so the price is going up. The article also talks about other companies that are doing well or not doing well. Read from source...
Critical Perspective:
1. The article title is misleading and sensationalized. It implies that there is a causal relationship between Zscaler shares trading higher and the other 20 stocks moving premarket, while in reality it is just a correlation. A more accurate title would be "Zscaler Shares Trade Higher By Around 18% And These Are The Stocks Moving Pre-Market".
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
1. Zscaler (ZS): Buy with a stop-loss at $175. The company reported strong Q3 earnings, beating both revenue and EPS estimates. The stock has been in an uptrend since February and is currently trading above its 50-day moving average. The risk-reward ratio is favorable, as the stock could reach $200 in the short term, while a pullback to $175 would provide an entry point for investors who missed the previous rally.