Zscaler Gains Analyst Upgrade As Strong Billing Growth And Zero Trust Adoption Fuel Confidence
1. Zscaler's Q2 earnings beat estimates at 78 cents per share. 2. Revenue reached $647.9 million, exceeding expectations by $12.4 million. 3. Analyst upgrade to Buy and raised price target to $235. 4. Calculated billings increased 18%, signaling strong future growth. 5. New products are expected to contribute significantly to revenue.