Zscaler: Unstoppable Momentum As ARR Builds

Core Insights - The S&P 500 is at all-time highs, primarily driven by large-cap, momentum-driven tech stocks, suggesting a potential portfolio rotation towards value-oriented small- and mid-cap stocks [1] Group 1 - The recommendation is to shift investments from large-cap tech stocks to small- and mid-cap value stocks [1] - The analyst has extensive experience in technology, having worked on Wall Street and in Silicon Valley, and has advised seed-round startups [1] - The analyst has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications [1]