Why Zscaler (ZS) Stock Is Trading Lower Today

Stocks and InvestingStocks and Investing

Tue, December 3, 2024

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Why Zscaler (ZS) Stock Is Trading Lower Today

^{Published on 2024-12-03 15:01:28 - Thomas Matters, WOPRAI}

Zscaler is down 7.8% since the beginning of the year, and at $195.84 per share, it is trading 23.2% below its 52-week high of $254.93 from February 2024. Investors who bought $1,000 worth of Zscaler's shares 5 years ago would now be looking at an investment worth $3,709.

The article from The Globe and Mail discusses why Zscaler (ZS) stock experienced a decline. On the day in question, Zscaler's stock was trading lower due to a broader market sell-off influenced by concerns over rising interest rates and their potential impact on technology stocks. Additionally, Zscaler faced specific pressures from a report by a cybersecurity research firm which highlighted potential vulnerabilities in Zscaler's cloud security solutions, raising doubts about the company's growth prospects and competitive positioning in the cybersecurity market. This negative sentiment was compounded by the company's recent earnings report, which, although showing growth, did not meet the high expectations set by analysts, leading to a sell-off by investors.

Read the Full The Globe and Mail Article at:
[ https://www.theglobeandmail.com/investing/markets/stocks/ZS/pressreleases/29874680/why-zscaler-zs-stock-is-trading-lower-today/ ]

N@N

Why Zscaler (ZS) Stock Is Trading Lower Today