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Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance
Barrons.com78d agobearish
Zscaler Stock Plunges 17% on Weak Fourth-Quarter Guidance

Shares of Zscaler fell late Tuesday after fiscal third-quarter earnings and revenue surpassed Wall Street’s expectations but sales guidance fell short. The cybersecurity company posted adjusted earnings of $1.08 a share, compared with 84 cents a share a year ago and above Wall Street’s expectations of $1.01 a share. Revenue grew 25% to $850.5 million, topping the analyst consensus of $835.6 million, according to FactSet.