Last week, ten large-cap stocks experienced significant declines, led by Zscaler which dropped over 20% after reporting weaker-than-expected Q3 results and cautious Q4 sales guidance. Other notable losers included Cerebras Systems, Boston Scientific, and AutoZone, all falling between 14% and 17%, often following earnings reports or analyst downgrades. The declines reflect investor concerns over earnings performance and future outlooks, impacting portfolios holding these stocks. Energy-related stocks also fell amid geopolitical uncertainties affecting oil prices.
Levi & Korsinsky has started an investigation into Zscaler, Inc. following the company's Q3 report showing strong revenue growth but a Q4 outlook below analyst expectations and lowered cash-flow-margin projections for fiscal 2026. The announcement al...
Ademi LLP is investigating Zscaler for potential securities fraud related to possibly inaccurate financial statements and business disclosures. The probe centers on whether Zscaler failed to timely disclose the departure of two key sales leaders and ...
Zscaler's stock dropped over 30% following its Q4 revenue and cash-flow-margin guidance that missed Wall Street expectations, despite strong Q3 results with 25% revenue growth and $3.5 billion ARR. The company also announced the departure of senior s...
Zscaler's stock dropped over 30% following its fiscal third-quarter earnings report, marking its worst trading day ever. Although the company beat earnings and revenue estimates, it issued cautious guidance for fiscal 2027, projecting annual recurrin...
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 c...
