Cloud security stock Zscaler (ZS) has today announced the intent to acquire Cloudneeti, to provide its customers with industry-leading data protection coverage. Shares of ZS, which have popped 39% year-to-date, fell slightly on the news.Cloudneeti addresses Cloud Security Posture Management (CSPM), which revolves around identifying and preventing/ remediating misconfigurations across cloud environments.This is becoming particularly important as companies make a continued shift to the cloud; a recent report by Trend Micro found misconfiguration as the number one risk to cloud environments.“Cloudneeti augments Zscaler’s data protection capabilities and will dramatically improve organizations’ cloud security by discovering and eliminating some of the most common causes of data breaches and compliance violations,” said Jay Chaudhry, Chairman and CEO of Zscaler.Baird analyst Jonathan Ruykhaver gives the deal his seal of approval. ““We believe it is important for Zscaler to make continued investment in improving its products longer-term to help the company maintain its strong reputation and position as a market leader” he wrote.According to Ruykhaver, “The deal appears to be a nice move to strengthen Zscaler’s security functionality and points to the company’s commitment towards continuously improving its offerings.” With this in mind, the analyst reiterated his buy rating with a $70 price target.Financial terms of the transaction, which is expected to close before the end of ZS’s fiscal third quarter, were not disclosed. Overall, the stock scores a Moderate Buy consensus on TipRanks with some analysts concerned that shares have moved too far, too fast. (See ZS’s stock analysis on TipRanks)Related News: Costco Reports Strong March Delivery With $1.5 Billion Sales Bump Disney+ Hits New Milestone With 50 Million Paid Subscribers Starbucks Feels The Pain; Expects 46% Fall In Earnings, Pulls Full Year Guidance More recent articles from Smarter Analyst: * Cheesecake Factory Gets $200 Million Cash Injection From Roark Capital * Beyond Meat To Bring Plant-Based Beef To China * United Airlines Expects $2.1 Billion Quarterly Loss as Travel Stalls * Uber Scores $810M Government Contract; Trialing Two New Services To Boost Demand

Buying a stock is easy, but buying the right stock without a time-tested strategy is incredibly hard. So what are the best stocks to buy now or put on a watchlist?

Despite the dramatic and highly negative decline in economic activity that forced algos to hit the markets from above, enough portfolio managers faded that move to lessen its impact.

Here are three growth stocks I'd buy right now. In my view, the best stocks to buy are those of companies that are growing fast, have a huge addressable market, and have a clear competitive advantage that should enable them to capture a big chunk of that market. Alteryx provides a cloud-based software platform that enables quick and easy analysis of large amounts of data.

Zscaler was ranked No. 15 in the Large Business category based on the *selection criteria. “Zscaler is honored to be recognized as one the best places to work in the Bay Area,” said Jay Chaudhry, Chairman and CEO of Zscaler.

SAN JOSE, Calif., May 13, 2020 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced Zscaler Private Access (ZPA) achieved the Federal Risk and.

Zscaler's (ZS) third-quarter fiscal 2020 results are expected to reflect benefits from demand for its cloud-based security solutions amid the coronavirus outbreak.

Sell-side has touted Zscaler Inc (NASDAQ: ZS) as one of the software companies that could weather the spending headwinds arising out of the COVID-19 pandemic. This thought was echoed by an analyst at Rosenblatt Securities.The Zscaler Analyst Yun Kim upgraded Zscaler from Hold to Buy and increased the price target from $58 to $75.The Zscaler Thesis The current secular trend toward cloud-based security platform will likely accelerate due to the current work-from-home trend and increasing adoption of virtual work environment going forward, Kim said, and Zscaler is the best-positioned security software to benefit from the trend.With workloads increasingly migrating to cloud and more users accessing cloud applications and deployments outside of the corporate network, the market is looking for a "new security paradigm based on a multi-tenant cloud platform" that displaces the traditional approach, the analyst said."In our view, ZS is the single best pure-play vendor to play this secular trend that represents the highest priority for most organizations," Kim wrote in the note.The company's VPN solution - Zscaler Private Access - is seeing accelerating adoption. However, the analyst expects the core Zscaler Internet Access business to see a slowdown in the near term, primarily due to the strategic nature of the ZIA sales process and somewhat lengthy sales and deployment cycle.With preliminary industry checks indicating the sales momentum at ZPA business more than offsetting the slower ZIA business momentum, Rosenblatt said it's comfortable with its current April-ending estimate.ZS Price Action Zscaler shares traded around $62.22 at time of publication.Latest Ratings for ZS DateFirmActionFromTo Apr 2020RosenblattUpgradesNeutralBuy Mar 2020BTIGAssumesNeutral Mar 2020Morgan StanleyMaintainsUnderweight View More Analyst Ratings for ZS View the Latest Analyst Ratings See more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Amid the coronavirus pandemic, Zscaler stock has climbed on views the company will take share from industry incumbents as more employees work from home.

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SAN JOSE, Calif., May 06, 2020 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, will release third quarter fiscal year 2020 earnings after the market closes on.

Zscaler (ZS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Artisan Mid Cap Fund recently released its Q1 2020 Investor Letter, a copy of which you can download below. The fund posted a return of -11.55% for the quarter (investor class), outperforming their benchmark, the Russell Midcap Index which returned -27.07% in the same quarter. You should check out Artisan Mid Cap Fund’s top 5 […]

Here is a sneak peek into how VMW, ZS, OKTA and CRM are poised ahead of their upcoming earnings releases on May 28.

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SAN JOSE, Calif., April 09, 2020 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the intent to acquire Cloudneeti, a Cloud Security Posture.

Here is a sneak peek into how VMW, ADSK, ZS, OKTA and CRM are poised ahead of their earnings releases on May 28.

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SAN JOSE, Calif., May 26, 2020 -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that management is scheduled to present at upcoming investor.