2023-06-06 09:45:00 ET
Zscaler 's (NASDAQ: ZS) stock jumped 5% on June 2 after the cybersecurity company posted its latest earnings report. For the third quarter of fiscal 2023, which ended on April 30, revenue rose 46% year over year to $419 million and exceeded analysts' estimates by $7 million.
Adjusted net income more than tripled to $75 million, or $0.48 per share, which also cleared the consensus forecast by a nickel. Those growth rates were impressive, but is it too late to buy Zscaler's stock after its year-to-date rally of nearly 30%?
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Is It Too Late to Buy Zscaler Stock?