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 recurring revenue growth below analyst expectations. The firm also faced leadership changes with the loss of two sales leaders and warned of increased capital expenditures due to rising costs. Investor concerns about AI disrupting software and cybersecurity business models have further pressured the stock, which has lost half its value over the past year. Despite challenges, Zscaler's CEO highlighted strong long-term opportunities in cybersecurity amid growing AI-driven threats.
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 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...
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 ...
