Zscaler: Buy The Dip, As Growth Drivers And Management Execution Will Drive Upside

Sundry Photography Introduction & investment thesis I initiated a Buy rating on Zscaler (NASDAQ:ZS) on January 3, 2024. My bull thesis was predicated on my belief that Zscaler should continue to gain market share as it deepens adoption of its solution suite among enterprise customers and expands its profit margins, given its robust product innovation as well as the secular growth in enterprise cybersecurity spend. Although the stock initially climbed 24% from the initial price point of $208 at the time  ...