Zscaler shares are trading lower following Q4 earnings. Also, Needham and Baird lowered their respective price targets on the stock.
Portfolio Pulse from Benzinga Newsdesk
Zscaler shares are trading lower after the company reported its Q4 earnings. Additionally, Needham and Baird have both lowered their price targets for the stock.
September 04, 2024 | 11:37 am
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NEGATIVE IMPACT
Zscaler's stock is experiencing a decline following its Q4 earnings report. The situation is compounded by Needham and Baird lowering their price targets for the company.
The decline in Zscaler's stock price is directly linked to the Q4 earnings report, which likely did not meet market expectations. The reduction in price targets by Needham and Baird suggests a less optimistic outlook, contributing to the negative sentiment and potential short-term downward pressure on the stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100