Zscaler (ZS) reported earnings 30 days ago. What's next for the stock?
Zscaler (ZS) closed the most recent trading day at $169.69, moving +1.62% from the previous trading session.
Zscaler (ZS) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Cybersecurity stocks including Zscaler and Palo Alto face a slowdown in the Secure Access Service Edge, or SASE, market, says Dell'Oro Group.
Zscaler's guidance for the new fiscal year indicates that its growth will slow remarkably. The company is struggling amid a weak spending environment, but investors should look at the bigger picture.
Zscaler, Inc. (NASDAQ:ZS ) Goldman Sachs Communacopia + Technology Conference 2024 September 11, 2024 12:30 PM ET Company Participants Jay Chaudhry - Chairman and CEO Remo Canessa - CFO Conference Call Participants Gabriela Borges - Goldman Sachs Daniel Church - Goldman Sachs Gabriela Borges All right. We will kick it off.
Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Zscaler stock (NASDAQ: ZS) has declined from around $212 at the beginning of the year to $162 now - a 24% fall over a period when the benchmark S&P index grew 16%. While the stock recovered in August, it nosedived 20% in a single day after the cloud security company published its 2024 preliminary results.
Zscaler's latest earnings report exceeded Wall Street's expectations. But its outlook for fiscal 2025 was disappointing.
Revenue growth for fiscal Q4 remained robust. The prospect of slowing growth appears to have hurt Zscaler's stock.
Zscaler stock fell after the company forecasted decelerating revenue growth.
Zscaler's fiscal Q4 results were solid, and its strong net dollar retention was a highlight. Management's guidance disappointed investors.