Zscaler (ZS) Plunges 16% in a Month: Should You Buy the Dip?
ZSZscaler(ZS) ZACKS·2024-08-13 22:10

Zscaler, Inc. (ZS) , a leader in zero-trust cybersecurity, has recently seen its stock price take a significant hit, plunging nearly 16% in the past month. This sharp decline exceeds the broader market's performance, with the S&P 500 down 5.5% and the Zacks Computer and Technology sector dropping 10.4%.The primary driver behind this decline is the broader market sell-off, fueled by macroeconomic concerns. Investors are jittery due to uncertainty around the Federal Reserve's interest rate policies and fears ...