Michael Vi What Happened in 4Q FY2024 Earnings Zscaler (NASDAQ:ZS) experienced an 18% selloff after issuing weaker-than-expected earnings guidance, which implies an 11% YoY decline in non-GAAP EPS for FY2025. The company is currently facing growth headwinds amid increased competition in the cybersecurity industry. While ZS's revenue forecast for FY2025 beat market consensus, the revenue growth outlook signals a significant slowdown in billings and bookings growth, particularly in 1H FY2025. I believe the ea ...