Earnings

Zscaler tumbles after issuing light earnings forecast

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Jay Chaudry, founder and chief executive officer of Zscaler Inc.

David Paul Morris | Bloomberg | Getty Images

Cybersecurity software maker Zscaler saw its stock fall as much as 18% on Thursday after the company issued quarterly earnings guidance that was slightly less than analysts had predicted.

The move more than erased a 10% gain during regular trading, as cybersecurity stocks traded higher on fears of cyberattacks related to the Russia-Ukraine conflict, and as the overall market staged a late-day rally after an early plunge.

Here’s how the company did:

  • Earnings: 13 cents per share, adjusted, vs. 11 cents per share as expected by analysts, according to Refinitiv.
  • Revenue: $255.6 million,…



Source cnbc.com

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