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Best macro tracker app11/25/2023 ![]() The analyst also highlighted management's commentary about the company's generative AI cybersecurity product called Charlotte AI, which they believe can immensely improve execution for customers by automating workflows. The analyst noted that the company achieved strong growth in new products under its Identity, Cloud, and LogScale Security Information and Event Management (SIEM) offerings. In reaction to the impressive performance, Needham analyst Alex Henderson raised his price target for CRWD stock to $200 from $170 and reiterated a buy rating on the stock. Overall, the analyst reiterated a buy rating on ZS stock with a price target of $195, saying, "Investments in AI, Cloud and go-to-market are set to accelerate growth."Īnother cybersecurity stock in this week's list is CrowdStrike ( CRWD), which recently reported upbeat fiscal second-quarter results and issued solid guidance. It provides data protection capabilities to prevent the leakage of sensitive data through generative AI. cabinet-level agencies.)įurther, the company continues to invest in AI and sees huge growth potential for its AI-powered features. Other interesting points that the analyst focused on included the company's large deals, a strong pipeline, and growing federal contracts. The analyst noted that over the past seven quarters, Zscaler's annual recurring revenue (ARR) has doubled to $2 billion from $1 billion. Praising Zscaler's performance, TD Cowen analyst Shaul Eyal said that the rising demand for the company's Zero Trust solutions and disciplined spending drove the fourth-quarter outperformance. That said, management cautioned that deals are taking longer to close due to a challenging macro backdrop. Earlier this month, the company reported its fiscal fourth-quarter results and outlook, which topped Wall Street's expectations. Personal Loans for 670 Credit Score or Lowerįirst, we will look at cybersecurity solutions provider Zscaler ( ZS). ![]() Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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