Zscaler Stock Gaps Lower on Dismal Forecast
Portfolio Pulse from
Zscaler Inc (NASDAQ:ZS) stock dropped 4.8% to $198.53 after the company issued a dismal forecast for the fiscal second quarter, despite beating earnings and revenue expectations for the fiscal first quarter.
December 03, 2024 | 3:30 pm
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Zscaler's stock fell 4.8% due to a disappointing forecast for the fiscal second quarter, despite surpassing earnings and revenue expectations for the first quarter.
The negative forecast for the upcoming quarter has a stronger impact on investor sentiment than the positive results of the past quarter, leading to a decline in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100