Zscaler Stock Gaps Lower on Dismal Forecast

The equity is brushing off a quarterly win and slew of bull notesZscaler Inc (NASDAQ:ZS) stock is 4.8% lower to trade at $198.53 at last check, after the cloud company's dismal forecast for the fiscal second quarter overshadowed a fiscal first-quarter earnings and revenue beat. The equity is also also brushing off seven price-target hikes, including one from Oppenheimer to $250 from $230.Shares are slipping back below the $200 region, which acted as a resistance level in July, August, and October. Cooling f ...