Zscaler Stock Gets an Upgrade on Positive Outlook for Edge Security Spending

Zscaler shares received a boost from KeyBanc Capital analyst Eric Heath, who turned bullish on the security software company, which has been under pressure this year amid concern about decelerating growth in billings. Zscaler shares, down about 20% year to date, edged up 1.6% to $175.68 on Thursday. Heath said that following a survey of IT resellers, he has become “more constructive” about the outlook for the competitive landscape in SASE, or “secure access service edge,” where Zscaler is a key player.