Zscaler tumbles after issuing light earnings forecast


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

0 0 votes
Article Rating

Shares of EV start-up Nikola surge on earnings beat, revenue in 2022

Previous article

Bitcoin donations to Ukrainian military soar as Russia invades

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings