Zscaler saw its IBD SmartSelect Composite Rating rise to 96 Wednesday, up from 88 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
Zscaler is now out of buy range after breaking out from a 143.63 entry in a double bottom.
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The stock has a 99 EPS Rating, which means its recent quarterly and annual earnings growth tops 99% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported 40% earnings growth for Q1. Top line growth fell to 26%, down from 30% in the previous quarter. The company's next quarterly report is expected on or around Mar. 5.
Zscaler earns the No. 5 rank among its peers in the Computer Software-Security industry group. CrowdStrike Holdings is the top-ranked stock within the group.
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