Why Zscaler Stock Is Trading Lower
Portfolio Pulse from Henry Khederian
Shares of Zscaler Inc (NASDAQ:ZS) are trading lower by 5.3% after Datadog issued weak guidance, which investors may interpret as an indicator of potential industry-wide challenges. Despite exceeding market projections for Q2, Datadog anticipates lower earnings and revenue for Q3, diverging from expectations.
August 08, 2023 | 7:41 pm
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Zscaler's stock price is down due to weak guidance from Datadog, which may indicate potential industry-wide challenges.
Zscaler's stock price is directly impacted by the weak guidance issued by Datadog. Investors are interpreting this as a sign of potential industry-wide challenges, which could affect technology companies like Zscaler. This has led to a decrease in Zscaler's stock price.
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