10:53 AM EST, 03/06/2025 (MT Newswires) -- Zscaler ( ZS ) remains a "gold standard" in cybersecurity after reporting fiscal Q2 earnings and revenue that topped estimates by analysts, Wedbush Securities said Thursday in a report.

The company faces "strong tailwinds in demand and product development" with the emergence of artificial-intelligence technology, Wedbush said.

Zscaler ( ZS ) has a "strong position in the rapidly growing zero trust space" to verify the identity and integrity of users and devices continuously, the report said.

The company's boost in full-year guidance "will be viewed positively by the Street in this environment," the report said.

Wedbush maintained its outperform rating on Zscaler ( ZS ) stock and boosted its price target to $240 from $230, citing a "higher multiple and increased confidence" in H2 and beyond.

Zscaler ( ZS ) shares rose 6.6% in recent Thursday trading as the broader equity market fell.

Price: 210.00, Change: +13.55, Percent Change: +6.90