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6.62251655628537E-05 -0.00152317880794695 0.00364238410596034 0.00629139072847693 0.00245033112582784 0.00198675496688749 0.00228476821192052 -0.00261589403973517
Stock impact report

Zscaler Stock Plunges 34% in Three Months: Time to Exit or Hold Tight? [Yahoo! Finance]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Zscaler, Inc. ZS shares have plunged 33.7% over the past three months, underperforming the Zacks Computer and Technology sector's decline of 1%. Compared to key competitors like Cisco Systems, Inc. CSCO, Fortinet, Inc. FTNT and Palo Alto Networks, Inc. PANW, Zscaler's slump appears even more pronounced. In the trailing three months, Fortinet has risen 2.4%, while shares of Cisco Systems and Palo Alto Networks have declined 0.2% and 11.4%, respectively. Zscaler Three-Month Price Return Performance Zacks Investment Research Image Source: Zacks Investment Research The sharp contrast raises a tough question: Is it time to move on from Zscaler, or is there still long-term value in retaining the stock? The plunge in Zscaler stock can be attributed to macroeconomic headwinds, including inflation, elevated interest rates and cautious enterprise IT spending. Increasing competition in the Zero Trust cybersecurity space and the company's historically high valuation also contributed to Show less Read more
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