Zscaler tanks as billings slowdown clouds earnings beat
Portfolio Pulse from
Zscaler Inc shares fell over 7% in pre-market trading due to concerns over a slowdown in billings and cautious guidance for the next quarter, despite reporting better-than-expected revenue and earnings for its first financial quarter.
December 03, 2024 | 1:00 pm
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NEGATIVE IMPACT
Zscaler's stock dropped over 7% in pre-market trading due to a slowdown in billings and cautious guidance, overshadowing its strong earnings report.
The significant drop in Zscaler's stock price is attributed to investor concerns over a slowdown in billings and cautious future guidance, which outweigh the positive impact of the earnings beat. This indicates a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100