Zscaler Stock Is Tumbling Wednesday: What's Going On?
Portfolio Pulse from Adam Eckert
Zscaler Inc (NASDAQ:ZS) shares fell 17.2% after the company reported strong Q4 results but faced multiple analyst price target cuts. Despite exceeding revenue and EPS estimates, analysts lowered targets due to cautious future guidance.
September 04, 2024 | 1:09 pm
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Zscaler's stock dropped 17.2% after Q4 results exceeded expectations but faced analyst price target cuts. Despite strong revenue and EPS, future guidance was cautious, leading to lowered targets.
Zscaler reported better-than-expected Q4 results with revenue and EPS surpassing estimates. However, the stock fell due to analysts lowering price targets, reflecting concerns over future guidance. The company's cautious outlook for fiscal 2025, despite strong current performance, likely contributed to the negative sentiment.
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