Is It Right Time to Be Bearish on Zscaler Inc. (NASDAQ:ZS), Darden Restaurants Inc. (NYSE:DRI)?

The shares of Zscaler Inc. (NASDAQ:ZS) has been pegged with a rating of Market Perform by BMO Capital Markets in its latest research note that was published on February 21, 2020. The Technology company has also assigned a $63 price target. BMO Capital Markets wasn’t the only research firm that published a report of Zscaler Inc., with other equities research analysts also giving their opinion on the stock. The stock had earned Market Perform rating from BMO Capital Markets Markets when it published its report on December 04, 2019. That day the BMO Capital Markets set price target on the stock to $58. The stock was given Buy rating by BofA/Merrill in its report released on November 25, 2019, the day when the price target on the stock was placed at 68. DA Davidson was of a view that ZS is Buy in its latest report on November 19, 2019. Goldman thinks that ZS is worth Neutral rating. This was contained in the firm’s report on November 12, 2019 in which the stock’s price target was also moved to 45.

Amongst the analysts that rated the stock, 1 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 9 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $63.78. The price of the stock the last time has raised by 68.94% from its 52-Week high price while it is -33.96% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 60.13.

The shares of the company dipped by -4.84% during the trading session on Wednesday, reaching a low of $58.01 while ending the day at $59.13. During the trading session, a total of 6.46 million shares were traded which represents a -144.68% decline from the average session volume which is 2.64 million shares. ZS had ended its last session trading at $62.14. Zscaler Inc. debt-to-equity ratio currently stands at 0.00, while its quick ratio hovers at 1.70 ZS 52-week low price stands at $35.00 while its 52-week high price is $89.54.

The company in its last quarterly report recorded -$0.10 earnings per share which is below the predicted by most analysts. The Zscaler Inc. generated 76.53 million in revenue during the last quarter. In the second quarter last year, the firm recorded -$0.10 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -0.0%. Zscaler Inc. has the potential to record -0.55 EPS for the current fiscal year, according to equities analysts.

Investment analysts at Gordon Haskett published a research note on March 25, 2020 where it informed investors and clients that Darden Restaurants Inc. (NYSE:DRI) is now rated as Buy. Goldman also rated DRI as Upgrade on March 20, 2020, with its price target of $50 suggesting that DRI could surge by 40.1% from its current share price. Even though the stock has been trading at $53.89/share, analysts expect it to surge by 8.46% to reach $97.58/share. It started the day trading at $67.715 and traded between $54.00 and $58.45 throughout the trading session.

A look at its technical shows that DRI’s 50-day SMA is 97.98 while its 200-day SMA stands at 112.77. The stock has a high of $128.41 for the year while the low is $26.15. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 5.11 M shorted shares, the short percentage went higher by 6.19%, as 5.43M ZS shares were shorted. The company’s P/E ratio currently sits at 11.56, while the P/B ratio is 3.14. The company’s average trading volume currently stands at 2.52M shares, which means that the short-interest ratio is just 2.03 days. Over the past seven days, the company moved, with its shift of 71.11%. Looking further, the stock has dropped -46.23% over the past 90 days while it lost -50.39% over the last six months.

The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. sold more DRI shares, decreasing its portfolio by -4.47% during the last quarter. This move now sees The The Vanguard Group, Inc. selling -657,736 shares in the last quarter, thus it now holds 14,061,283 shares of DRI, with a total valuation of $1,370,975,093. BlackRock Fund Advisors meanwhile bought more DRI shares in the recently filed quarter, changing its stake to $928,735,178 worth of shares.

Similarly, SSgA Funds Management, Inc. decreased its Darden Restaurants Inc. shares by 1.39% during the recently filed quarter. After selling 5,770,672 shares in the last quarter, the firm now controls -81,483 shares of Darden Restaurants Inc. which are valued at $562,640,520. In the same vein, Capital Research & Management Co…. decreased its Darden Restaurants Inc. shares by during the most recent reported quarter. The firm sold 2,167,938 shares during the quarter which decreased its stakes to 5,075,944 shares and is now valued at $494,904,540. Following these latest developments, around 0.25% of Darden Restaurants Inc. stocks are owned by institutional investors and hedge funds.