In other recent news, Zscaler reported strong fiscal fourth-quarter results, with billings surpassing expectations by $57 million, or 5%. The company's annual recurring revenue (ARR) exceeded $3 billion, maintaining a steady growth rate of 22% from the previous quarter. Following these results, KeyBanc raised its price target for Zscaler to $350, while maintaining an Overweight rating. Piper Sandler also increased its price target to $280, citing strong end-of-year performance, though it maintained a Neutral rating. BMO Capital raised its price target to $315, highlighting a solid quarter and increasing estimates for fiscal year 2026, factoring in the Red Canary acquisition. Bernstein reiterated an Outperform rating with a $251 target, noting strong operational and financial controls after leadership changes. Scotiabank, however, lowered its price target to $334 from $360, despite describing the results as a "clean beat" across key metrics.