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Stock impact report

Zscaler Stock Plummets 42% YTD: Should You Hold Tight or Exit? [Globe and Mail, The (Toronto, Canada)]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
This decline stands out even more when compared with the overall Zacks Security industry, which has plunged 15%. Importantly, this is not a Zscaler-only issue. Major peers like Palo Alto Networks, Inc. PANW CrowdStrike Holdings, Inc. CRWD and Check Point Software Technologies Ltd. CHKP have also seen notable corrections. YTD, shares of Palo Alto Networks, CrowdStrike Holdings and Check Point Software have fallen 10.9%, 12.3% and 27.4%, respectively. Zscaler YTD Price Return Performance Image Source: Zacks Investment Research This broader sell-off signals an industry-wide reset rather than a company-specific collapse. Investors seem to have been reassessing their positions amid the increasing competition in the cybersecurity space and the industry's historically high valuations. Despite the recent sell-off, the Zacks Security industry currently trades at a forward 12-month price-to-sales (P/S) ratio of 9.81, significantly higher than the Zacks Computer and Technology sector's a Show less Read more
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