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Zscaler Stock Gaps Lower on Dismal Forecast
ZSZscaler(ZS) Schaeffers Investment Research·2024-12-03 15:06

The equity is brushing off a quarterly win and slew of bull notesZscaler Inc (NASDAQ:ZS) stock is 4.8% lower to trade at 198.53atlastcheck,afterthecloudcompany′s dismalforecast forthefiscalsecondquarterovershadowedafiscalfirst−quarterearningsandrevenuebeat.Theequityisalsoalsobrushingoffsevenprice−targethikes,includingonefromOppenheimerto198.53 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.Sharesareslippingbackbelowthe230.Shares are slipping back below the 200 region, which acted as a resistance level in July, August, and October. Cooling f ...