Tag Archive for: Cuts

BMO Capital Markets Cuts Zscaler (NASDAQ:ZS) Price Target to $133.00


Zscaler (NASDAQ:ZSGet Rating) had its price target reduced by analysts at BMO Capital Markets from $145.00 to $133.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ target price points to a potential upside of 11.32% from the company’s previous close.

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A number of other equities analysts have also recently weighed in on ZS. Scotiabank assumed coverage on shares of Zscaler in a research report on Tuesday, January 17th. They issued a “sector outperform” rating and a $115.00 price objective for the company. The Goldman Sachs Group assumed coverage on shares of Zscaler in a research report on Tuesday, February 14th. They issued a “neutral” rating and a $148.00 price objective for the company. Stifel Nicolaus decreased their price objective on shares of Zscaler from $165.00 to $135.00 in a research report on Friday. UBS Group decreased their price objective on shares of Zscaler from $200.00 to $180.00 and set a “buy” rating for the company in a research report on Friday, December 2nd. Finally, Wedbush decreased their price objective on shares of Zscaler from $180.00 to $150.00 in a research report on Friday. Twelve research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $174.44.

Zscaler Trading Down 10.9 %

Shares of NASDAQ ZS traded down $14.65 during trading on Friday, hitting $119.48. 4,563,912 shares of the company traded hands, compared to its average volume of 2,528,963. Zscaler has a 1 year low of $99.64 and a 1 year high of $253.74. The company has a 50-day moving average price of $122.11 and a 200-day moving average price of $139.38. The firm has a market capitalization of $17.23 billion, a P/E ratio of -45.95 and a beta of 0.88. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 2.64.

Zscaler (NASDAQ:ZSGet Rating) last announced its quarterly earnings results on…

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Ukraine war cuts ransomware as Kremlin co-opts hackers


The Ukraine war has helped reduce global ransomware attacks by 10pc in the last few months, a British cybersecurity company has said.

Criminal hacking gangs, usually engaged in corporate ransomware activities, are increasingly being co-opted by the Russian military to launch cyberattacks on Ukraine, according to Digital Shadows.

“[The war] is likely to continue to motivate ransomware actors to target government and critical infrastructure entities,” said Riam Kim-McLeod, a threat intelligence analyst at Digital Shadows.

Such attacks partly contributed to a 10pc drop in the number of ransomware threats launched during the three months to September, said the London-based company.

The drop in ransomware may also partly be caused by tit-for-tat digital attacks between rival hacking gangs, Kim-McLeod said.

Researchers said the Lockbit gang, who recently targeted LSE-listed car retailer Pendragon with a $60m (£53.85m) ransom demand, were the target of attacks from their underworld rivals.

“The group is increasingly inviting resentment from competing threat groups and possibly former members,” said Kim-McLeod.

She explained that some cybercriminals’ servers went offline in September after what appeared to be an attack from competitors, saying: “In the world of cyber criminality, it is not uncommon for tensions to flare among rival groups.”

Officials from GCHQ’s National Cyber Security Centre have said ransomware is one of the biggest cyber threats facing the UK. Figures published by the Department for Digital, Culture, Media and Sport this year revealed the average costs to businesses caused by ransomware attacks is around £19,000 per incident.

US-based cyber security company Palo Alto Networks, however, warned that the average ransom payment it saw in the early part of this year was $925,000 (£829,000).

British businesses don’t feature highly on lists of commonly targeted countries, but some research suggests that when targeted, they are likely to pay out. Four fifths of targeted British companies gave in to ransomware criminals’ demands during 2021, according to Israeli cyber security company Proofpoint.

Lockbit is thought to be a Russian or Eastern…

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Troop cuts will leave the Army at breaking point, says Lord Dannatt


“I’m afraid the future is not going to be returned to things pre 24th of February, the future is going to be a grumpy, resurgent Russia on the borders of countries in Eastern Europe,” he said. “We’ve got to play our part in deterring Russian aggression.”

Lord Dannatt added: “When it comes to old fashioned fighting, numbers do matter and to have an Army of only just over 70,000 30 per cent down from where we were 10 years ago is going to leave us woefully short if we find that we’ve got to maintain large number of troops at high readiness forward-deployed in Eastern Europe.” 

Last week, Mr Johnson said the UK would boost its defence spending in the wake of the war in Ukraine, as he warned of a “very different era” of insecurity in Europe. However, his official spokesman also insisted that UK troop numbers were “the right size”.

The spokesman added that it was “wrong to focus solely on the numbers” and stressed that the Government was investing in cyber warfare and other new technology. 

However, General Sir Patrick Sanders, the new head of the Army, warned last week that “it would be perverse” for himself to advocate for reducing the size of the Army “as a land war rages in Europe and [Vladimir] Putin’s territorial ambitions extend into the rest of the decade and beyond Ukraine”.

Lord Dannatt also said he anticpated that Russia would take Donetsk and Luhansk in the “next few days and weeks”.

However, he cautioned that in doing so Russia would not have won the war, nor would Ukrainians have lost. He said that instead, the war would go “into the deep trees”.

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Multi-factor authentication cuts risk of getting hacked by 99%


ST. LOUIS, Mo. – You can lower the chances of hacking your personal internet content by 99 percent with multi-factor authentication. Phil Kirk is the Regional Director of The Cybersecurity and Infrastructure Security Agency. He says hackers increasingly harvest credentials through phishing emails or identifying passwords reused from other systems.

MFA increases security because even if one credential is compromised, unauthorized users will be challenged to meet the second authentication requirement, largely thwarting their ability to access the targeted device, network, or database.

There are many ways you may be asked to provide a second form of authentication:

  • Text Message or Email: When you log in to an account, you’ll be asked to provide a code sent to you by text message or email.
  • Authenticator App: An authenticator app is an app that generates MFA login codes on your phone.
  • Push Notification: Instead of using a numeric code, the service “pushes” a request to your phone to ask if it should let you in.
  • FIDO Key: FIDO stands for “Fast Identity Online” and is considered the gold standard of multi-factor authentication.

For more information, visit: http://www.cisa.gov/MoreThanAPassword

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