RTTNews | Dec 14, 2021 10:18AM EST

10:17 Tuesday, December 14, 2021 (RTTNews.com) - Shares of cloud security company Zscaler Inc. (ZS) are slipping nearly 10% on Tuesday morning after analysts at JPMorgan Chase & Co. downgraded the stock from a "neutral" rating to an "underweight" rating.

ZS is currently trading at $277.81, down $30.73 or 9.96%, on the Nasdaq. The stock has traded between $157.03 and $376.11 in the 52-week period.

According to PriceTargets.com, analysts currently have a $320.00 price objective on the stock, down from their previous price objective of $362.00.

Zscaler operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service applications and Internet destinations. Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

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