BUG - Is Zscaler Stock A Good Buy Ahead Of Its Q3 Results?
2024-05-14 16:44:37 ET
Summary
- Zscaler has declined by 21% YTD, but there may be an opportunity to kickstart positive returns again with the release of its Q3 results on May 30.
- We touch upon some of the key expectations and narratives that could dominate ZS's earnings event.
- The stock offers compelling value at these levels, backed with an above-average FCF yield, and potential bottom formation on the charts.
Introduction
The stock of Zscaler ( ZS ), a cybersecurity player noted for its fully integrated, multi-tenant cloud-native security solutions, hasn’t enjoyed a fruitful 2024 so far. On a YTD basis, when the tech-oriented Nasdaq has managed to notch positive gains of around 8%, ZS has crumbled by 21%....
Is Zscaler Stock A Good Buy Ahead Of Its Q3 Results?