Latest news with #Cikos
Business Insider
2 days ago
- Business
- Business Insider
Needham downgrades Couchbase (BASE) to a Hold
Needham analyst Mike Cikos downgraded Couchbase (BASE – Research Report) to a Hold today and set a price target of $22.00. The company's shares closed today at $24.49. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter According to TipRanks, Cikos is a 5-star analyst with an average return of 12.0% and a 54.55% success rate. Cikos covers the Technology sector, focusing on stocks such as Cellebrite DI, Cognyte Software, and ServiceNow. The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Couchbase with a $21.62 average price target, representing a -11.72% downside. In a report released today, Rosenblatt Securities also downgraded the stock to a Hold with a $24.50 price target. Based on Couchbase's latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $54.92 million and a GAAP net loss of $15.61 million. In comparison, last year the company earned a revenue of $50.09 million and had a GAAP net loss of $21.4 million
Yahoo
04-06-2025
- Business
- Yahoo
Red Canary Acquisition, AI Innovations Propel Zscaler's Growth Story: Analyst
Needham analyst Mike Cikos maintained a Buy rating on Zscaler (NASDAQ:ZS) and raised the price forecast from $310 to $350. On June 3, Cikos attended Zscaler's annual Zenith event, the company's flagship gathering for customers and partners. In an analyst note, he said that the company unveiled several new capabilities, primarily focused on AI and the expansion of its Zero Trust Everywhere initiative. These enhancements aim to bolster data security and thwart cyberattacks, directly addressing critical challenges businesses face when adopting AI, such as protecting proprietary information and ensuring regulatory stated that he sees Zenith as Zscaler's initial presentation of management's expansive vision for a reimagined Agentic SOC (Security Operations Center) powered by AI innovations supporting their Data Fabric for Security. Concurrently, the acquisition of Red Canary is expected to accelerate this vision by adding domain experts capable of engaging with customer SOC teams, a slightly different client persona, the analyst noted. Additionally, the analyst pointed out that Red Canary is anticipated to empower Zscaler's partners to serve clients better while advancing the Threat Management vision by more effectively utilizing security signals for investigations. The analyst believes that Zscaler is capable of maintaining its high level of execution as new sales hires increase their productivity and attrition rates decline. Cikos mentioned that in the third quarter of FY25, Zero Trust Everywhere customers grew over 60% sequentially to more than 210, targeting over 390 by the end of FY26. The company sees a 6x up/cross-sell opportunity in existing customers, and Cikos views newer products like Branch and AI Analytics as underappreciated. Cikos foresees sustained ~20% growth, with operating margins eventually surpassing 30% in the long term. Price Action: ZS shares are trading higher by 1.05% to $298.19 at last check Wednesday. Read Next:Photo by Sundry Photography via Shutterstock Date Firm Action From To Mar 2022 Daiwa Capital Upgrades Underperform Buy Feb 2022 BMO Capital Maintains Outperform Feb 2022 Deutsche Bank Maintains Buy View More Analyst Ratings for ZS View the Latest Analyst Ratings Up Next: Transform your trading with Benzinga Edge's one-of-a-kind market trade ideas and tools. Click now to access unique insights that can set you ahead in today's competitive market. Get the latest stock analysis from Benzinga? This article Red Canary Acquisition, AI Innovations Propel Zscaler's Growth Story: Analyst originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved.
