Zscaler Stock Tumbles Despite Stellar Earnings. Here's Why.
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Zscaler's stock fell despite reporting strong quarterly earnings of 77 cents per share on $628 million in sales, surpassing analyst expectations.
December 03, 2024 | 1:00 pm
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Zscaler reported strong earnings of 77 cents per share on $628 million in sales, exceeding analyst expectations. Despite this, the stock price fell.
Zscaler's strong earnings report typically would lead to a positive stock price reaction. However, the stock fell, indicating that other factors, possibly market sentiment or future guidance, may have influenced investor behavior negatively.
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