ZS - 1 Growth Stock Down 55% to Buy Right Now
2024-06-03 05:40:00 ET
In today's market, cybersecurity stocks have become increasingly notable growth stocks. Such security is crucial to maintaining the integrity of cloud computing, and companies have become innovators and users of artificial intelligence (AI) as that technology has become a critical source for both threat prevention and security.
One of the better-performing companies in this space is Zscaler (NASDAQ: ZS) , the leading company in zero-trust security. However, even after releasing a strong earnings report, it failed to recover its losses from the 2022 bear market , and it sells for a 55% discount to its November 2021 high.
Despite such setbacks, Zscaler could be setting the stage for a long-awaited recovery to take shape. Here's why investors should add this stock to their watch lists, and maybe their portfolios as well.
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1 Growth Stock Down 55% to Buy Right Now