Zscaler raises annual revenue forecast, announces CFO's retirement
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Zscaler raised its annual revenue forecast following a strong quarterly performance driven by high demand for its cybersecurity services. Despite this, shares fell over 6% in extended trading as the report did not meet investor expectations. Additionally, the company announced the retirement of its CFO.
December 02, 2024 | 11:00 pm
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Zscaler raised its annual revenue forecast due to strong demand for its cybersecurity services, but shares fell over 6% in extended trading as the report did not meet investor expectations. The company also announced the retirement of its CFO.
Zscaler's raised revenue forecast indicates strong business performance, but the market's negative reaction suggests the results did not meet investor expectations, leading to a share price drop. The CFO's retirement adds uncertainty.
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