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-0.000697246931057035 -0.00120433560818947 -0.000781761710579147 -0.000147900864163606 -0.00272560163958677 -0.000824019100340143 -0.000824019100340143 -0.000147900864163606
Stock impact report

Why Netskope Stock Is Plunging Today [Yahoo! Finance]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Netskope is a leader in its niche and has a bright future, but trades at a lofty valuation. 10 stocks we like better than Netskope › Shares of leading cloud cybersecurity upstart Netskope (NASDAQ: NTSK) are down 12% as of noon ET on Friday after the stock delivered its first-ever earnings report on Thursday. The company surpassed Wall Street's expectations for the third quarter, growing sales by 33% and remaining performance obligations by 41%. However, with the stock priced for perfection at 14 times sales before today's drop, the market sent Netskope's shares downward after its guidance underwhelmed. From a Foolish perspective, I don't think there was anything wrong with Netskope's earnings, and the company's future looks promising. Netskope was formed in 2012 and is founder-led by Sanjay Beri. It recently went public in September of this year and is vying to carve out its own niche in the essential cybersecurity industry. Despite its somewhat nascent operations, Netsko Show less Read more
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