ZS - 1 Incredible Growth Stock Down 15% That Seems Set to Make a Big Move
2024-06-15 04:57:00 ET
2024 has been a bad year so far for Zscaler (NASDAQ: ZS) investors as share prices of the cybersecurity specialist are down 17%. However, its fiscal 2024 third-quarter results (for the quarter ended April 30) were released on May 30 and they suggest the rest of 2024 may be better.
Zscaler's stock price climbed 8.5% the day after the company released its latest quarterly report on news that the company's revenue and earnings crushed Wall Street's expectations . More importantly, the stock has kept its foot on the gas since then (it's up 17% so far).
Let's look at the reasons this cybersecurity stock could sustain its new-found momentum.
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1 Incredible Growth Stock Down 15% That Seems Set to Make a Big Move