Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
The Nasdaq Composite fell into a bear market in late 2021, and it has yet to rebound. Last year, Jim Simons of Renaissance Technologies more than tripled his positions in Datadog (NASDAQ: DDOG) and Zscaler (NASDAQ: ZS). Meanwhile, Ron Baron of Bamco doubled his stake in Datadog, and Steven Cohen of Point72 Asset Management doubled his stake in Zscaler.
We have narrowed our search to five U.S.-based technology stocks with attractive valuations. These are: ABNB, OKTA, SPLK, MDB and ZS.