Tag: $Zscaler

Zscaler stock soared on Thursday after the cloud security company beat Wall Street’s fiscal fourth-quarter estimates as rising artificial intelligence risk spurred urgent demand for cyber tools.

Shares of Zscaler fell in the Wedenesday premarket after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short.

Software stocks have had a wild ride this week but perhaps none more so than Zscaler (ZS). The cybersecurity company’s shares fell 9% ahead of the open Friday despite beating earnings estimates after the bell Thursday.

Zscaler posted better-than-expected financial results and raised its full-year guidance, but the security-software stock lost ground nevertheless on hints that management intends to boost spending.

Zscaler Inc.’s shares swung to a loss in the extended session Tuesday after the cybersecurity company’s strong quarter and outlook topped Wall Street’s expectations but executives said deals were taking longer to close in the current business environment.