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Why Zscaler Stock Was Sliding This Week
The Motley Fool· 2024-09-06 11:59
There's a stark difference between the company's recent performance and its anticipated future. Investors in cybersecurity company Zscaler (ZS 3.26%) probably weren't feeling too secure over the past few days. According to data compiled by S&P Global Market Intelligence, Zscaler's stock was down by almost 19% week to date as of late Thursday evening. An uninspiring quarterly earnings report, accompanied by analyst price target cuts and even a downgrade, was largely to blame. Trailing success, looming disapp ...
Zscaler: A Heavily Downgraded Stock With Big Upside Potential
MarketBeat· 2024-09-06 11:38
Zscaler's NASDAQ: ZS 2025 guidance disappointed the market and sparked a heavy round of analyst revisions. The bulk of revisions are negative and put the stock on MarketBeat's list of Most Downgraded names, not a typical position for stocks that are good buys. However, downgrades are relative to where the sentiment was pegged at the start of the cycle and where it ends at the end, which, in this case, is good on both counts. Zscaler Today | --- | --- | --- | |-----------------------|-------|-------| | | | | ...
1 Magnificent Stock Down 57% to Buy During the September S&P 500 Sell-Off
The Motley Fool· 2024-09-06 09:00
Cybersecurity is a critical need for every organization, so the recent stock market weakness might be a great opportunity to buy Zscaler stock. The S&P 500 generated a return of 15% in the first half of this year, but it recently hit a patch of volatility and is trading 3% below its July peak. The next couple of months could be tricky to navigate with the Federal Reserve set to cut interest rates, and the U.S. presidential election in November. But history suggests the S&P 500 always recovers to new highs o ...
Zscaler, Inc. (ZS) Citi Global TMT Conference Transcript
Seeking Alpha· 2024-09-05 18:50
Zscaler, Inc. (NASDAQ:ZS) Citi Global TMT Conference September 5, 2024 11:40 AM ET Company Participants Jay Chaudhry – Chief Executive Officer and Founder Remo Canessa – Chief Financial Officer Conference Call Participants Fatima Boolani – Citi Fatima Boolani Everybody, Fatima Boolani here. I jointly run their software research team here at Citi. I have the pleasure of the Zscaler's C-suite on the stage with me. It's my right, Jay Chaudhry, CEO and Founder; and to his right, the inimitable CFO, Remo Canessa ...
Zscaler, Inc. (ZS) Citi Global TMT Conference Transcript
2024-09-05 18:50
Zscaler, Inc. (NASDAQ:ZS) Citi Global TMT Conference September 5, 2024 11:40 AM ET Company Participants Jay Chaudhry – Chief Executive Officer and Founder Remo Canessa – Chief Financial Officer Conference Call Participants Fatima Boolani – Citi Fatima Boolani Everybody, Fatima Boolani here. I jointly run their software research team here at Citi. I have the pleasure of the Zscaler's C-suite on the stage with me. It's my right, Jay Chaudhry, CEO and Founder; and to his right, the inimitable CFO, Remo Canessa ...
Stock Of The Day: Is The Zscaler Meltdown Over?
Benzinga· 2024-09-05 17:55
Markets are driven by emotions and psychology. They are what makes patterns form on charts. Over the past few days, shares of Zscaler, Inc. ZS have been in meltdown mode. They have dropped by more than 20% in just a few days. This is why it's our Stock of the Day. As you can see on the chart, the sell-off paused or maybe even ended right around $156.50. This is the same level that it found support at in late May and early August. This is not a coincidence. There can be support at price levels that was suppo ...
Zscaler Plunges 19% on Dim Profit Outlook: How to Play the Stock?
ZACKS· 2024-09-05 14:25
Zscaler, Inc. (ZS) , a top-tier cloud security firm, saw its stock fall by 18.7% on Wednesday after releasing its fourth-quarter fiscal 2024 results. Despite showing impressive revenue and earnings growth, the market reacted negatively to a disappointing profit outlook. This drop has understandably made investors wonder if it's time to buy the dip or stay on the course. Zscaler's Revenue Growth and Market Position Remain Strong Despite the market's negative reaction, Zscaler's fourth-quarter results weren't ...
Why Zscaler Stock Crashed by More Than 17% Today
The Motley Fool· 2024-09-04 16:36
A sales slowdown and a weak profit forecast gave cybersecurity investors reason to worry. Zscaler (ZS -17.70%) stock collapsed in morning trading Wednesday, down by 17.8% as of 12:04 p.m. ET, even though the company crushed analysts' forecasts for its fiscal fourth quarter when it reported after the closing bell Tuesday. Analysts had expected the cybersecurity company to report adjusted earnings of $0.69 per share on sales of $567.9 million for the quarter. Instead, its profits were $0.88 per share, and sal ...
ZS Q4 Earnings Beat: Will Weak FY25 Guidance Drag Down Shares?
ZACKS· 2024-09-04 14:30
Zscaler (ZS) reported better-than-expected fourth-quarter fiscal 2024 results. The company posted fourthquarter fiscal 2024 non-GAAP earnings of 88 cents per share, which beat the Zacks Consensus Estimate of 69 cents. It reported non-GAAP earnings of 64 cents in the year-ago quarter. Zscaler's fourth-quarter fiscal 2024 revenues were $592.86 million, which surpassed the Zacks Consensus Estimate of $567.62 million and increased 30% year over year. This improvement in revenues was on the back of increased suc ...
Zscaler: Weak Guidance, But Not All Doom And Gloom
Seeking Alpha· 2024-09-04 13:56
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