Zscaler, Inc. (ZS)’s A “Really Solid Stock,” Says Jim Cramer

We recently published 10 Latest Stocks on Jim Cramer’s Radar. Zscaler, Inc. (NASDAQ:ZS) is one of the stocks Jim Cramer recently discussed.

Zscaler, Inc. (NASDAQ:ZS) is a software company that provides cybersecurity products and services. Its shares have gained 51% year-to-date, primarily due to a 16% jump in May. Zscaler, Inc. (NASDAQ:ZS)’s stock rose after the firm’s fiscal third quarter revenue jumped to $678 million and beat analyst estimates of $666 million on the back of what the firm attributed to strong demand due to AI. Here is what Cramer said about Zscaler, Inc. (NASDAQ:ZS)

“Alright so, let’s say you are bullish, let’s say other than PepsiCo you want to see what in the market may just go up because it’s strong. I want you to watch Zscaler because Morgan Stanley upgrades it. Now I’ve had them on multiple times, okay. Jay Chaudhry is a fantastic CEO. This has been the one that hasn’t missed. So, I always try to find, I tell people, even for my charitable trust, if you want to find out when the market’s going to turn, wait till you see a Hold to Buy that stabilizes and goes higher. It may take tomorrow to do it.

“. . .but, this is the probably the best example of what you could hope for, which is a really solid stock, up 40%. Now the one thing you’re fighting, in September people try to get. . .October, in October its legendarily the case, just legend the big mutual funds take profits. It’s really not like that. They take it in September. . .so it’s a little circular reasoning but I do want people to watch this name.”

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Disclosure: None. This article is originally published at Insider Monkey.