Zscaler Stock Falls After Earnings. ‘Any Dip Is a Buying Opportunity,’ Analyst Says. https://t.co/wXDOLjd3oO
$ZS (-6.0% pre) Zscaler shares fall as revenue growth pace slows - SI https://t.co/vCTG7quWCr
The real story behind Zscaler's latest earnings 🎙️ https://t.co/2T85sDO1N9 $ZS 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
Zscaler, a cybersecurity company, reported better-than-expected earnings for the second quarter. Despite beating revenue and earnings estimates, the stock fell as the buyside consensus anticipated a bigger beat and raise. Zscaler's 2Q revenue was $525 million against an estimated $508 million, with an EPS of 76c versus an estimated 58c. The company forecasts 3Q revenue between $534-536 million, slightly above the estimated $533 million. Zscaler shares dipped post-earnings, with a pre-market decline of 6% due to a slower revenue growth pace.
