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Zscaler, Inc. (ZS): A Bull Case Theory 

We came across a bullish thesis on Zscaler, Inc. on Nikhs’s Substack. In this article, we will summarize the bulls’ thesis on ZS. Zscaler, Inc.'s share was trading at $309.88 as of October 10th. ZS’s forward P/E was 84.03 according to Yahoo Finance.

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Zscaler is emerging as a foundational security infrastructure provider, echoing Salesforce’s transformation of enterprise software during the 2008 financial crisis. While the market still treats Zscaler as premium security...