Zscaler's stock experienced a record one-day drop of more than 31% following a revenue outlook for the current quarter that fell short of Wall Street expectations. The disappointing forecast surprised investors and cast doubt on the recent rally in cybersecurity stocks, which had been buoyed by positive sentiment around artificial intelligence's impact on the sector. This setback raises questions about the sustainability of the recent gains in cybersecurity shares. Investors will be closely watching Zscaler's upcoming performance and guidance for further signals on the sector's outlook.
Zscaler reported strong third-quarter results with revenue of $850.48 million and adjusted earnings of $1.08 per share, both surpassing analyst expectations. Annual recurring revenue grew 25% to $3.5 billion, driven by demand for its Zero Trust platf...
US stock markets paused near record highs as investors reassessed risks amid mixed earnings and geopolitical news. Cybersecurity stocks fell sharply after Zscaler issued disappointing forward guidance, dragging the sector down. Meanwhile, oil prices ...
Zscaler's shares dropped over 31% following a weaker-than-expected revenue forecast for fiscal 2027, with projected growth of 16-17%, down from prior estimates of 19-20%. Despite beating Q3 earnings and revenue estimates, the company signaled a slowd...
Global stock markets reached new all-time highs driven by strong tech sector performance in Asia and the US, despite mixed US stock openings. Optimism over a potential US-Iran peace deal eased oil prices below $95 per barrel temporarily, which helped...
Zscaler reported a disappointing Q3 FY26 with organic revenue growth stagnant at 21%, and it lowered its FY27 growth guidance to 16-17%. The company is facing challenges winning new enterprise customers amid competitive pressures from integrated plat...
