Zscaler Plunges 19% on Dim Profit Outlook: How to Play the Stock?
Zscaler(ZS) ZACKS·2024-09-05 22:25
Zscaler, Inc. (ZS) , a top-tier cloud security firm, saw its stock fall by 18.7% on Wednesday after releasing its fourth-quarter fiscal 2024 results. Despite showing impressive revenue and earnings growth, the market reacted negatively to a disappointing profit outlook. This drop has understandably made investors wonder if it's time to buy the dip or stay on the course. Zscaler's Revenue Growth and Market Position Remain Strong Despite the market's negative reaction, Zscaler's fourth-quarter results weren't ...