Zscaler Stock Plummets Post-Earnings
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ZscalerThe Motley Fool
•This Tech Stock Has Just Taken a Hit. Is Now the Time to Buy It Hand Over Fist?
79% Informative
Cybersecurity specialist Zscaler reported revenue of $628 million in its fiscal Q1, an increase of 26% from the same period last year .
The cybersecurity specialist's net income jumped by an impressive 40% to $ 0.77 per share.
It now expects revenue to grow by 21.5% in fiscal 2025 to $2.63 billion .
However, the company's valuation suggests that investors may have overreacted.
Zscaler is growing at a nice pace, but its valuation is the sticking point.
Investors would do well to add the stock to their watch lists, for reconsideration if it becomes available at a more attractive level.
Don’t miss this second chance at a potentially lucrative opportunity.
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