Zscaler: Market Pessimism Won't Last Forever (Rating Upgrade)
Zscaler(ZS) Seeking Alpha·2024-05-15 20:30
Michael Vi Zscaler Stock Fell Into A Bear Market Zscaler, Inc. (NASDAQ:ZS) investors have endured a battering since ZS stock failed to break above the $260 resistance zone in February 2024. Following the top, ZS fell more than 35% through its recent May 2024 lows, stunning cybersecurity investors. As a result, the market digested ZS's substantial growth premium, even as the proliferation in hybrid cloud momentum should drive a long-term recovery in ZS's buying sentiments. I urged caution in ZS stock in my p ...