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Why Zscaler (ZS) is a Top Momentum Stock for the Long-Term

For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

Is This 1 Momentum Stock a Screaming Buy Right Now?

For momentum investors, upward or downward trends in a stock's price or earnings outlook take precedent, so they'll want to zero in on the Momentum Style Score. This Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.

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Zscaler (ZS)

Zscaler was founded in September 2007 as SafeChannel Inc., and the company’s name was changed to Zscaler in August 2008. The company is one of the world’s leading providers of cloud-based security solutions.

ZS is a Zacks Rank #3 (Hold) stock, with a Momentum Style Score of A and VGM Score of B. Shares are up 9% over the past one week and up 59.2% over the past four weeks. ZS has lost 9.3% in the last one-year period as well. Looking at trading volume, an average of 3,902,910.50 shares exchanged hands over the last 20 trading days.

Momentum investors don't just pay attention to price changes; positive earnings play a crucial role, too. Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.02 to $1.54 per share. ZS boasts an average earnings surprise of 19.6%.

Investors should take the time to consider ZS for their portfolios due to its solid Zacks Ranks, notable earnings metrics, and impressive Momentum and VGM Style Scores.

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Zscaler, Inc. (ZS) : Free Stock Analysis Report

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Zacks Investment Research