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why is zscaler stock going down

Why Theres Still Time to Buy. ZS, Traditional appliances, firewalls have been bought at the technical level, we started at a CIO level, not even CISO, CIO level. Zscaler stock was tumbling Friday after the cloud-based internet security company's guidance deflated investor enthusiasm, even as its second-quarter results handily beat estimates. Monthly jobs data is driving large swings in U.S. stocks this year. ZS stock has seen a lot of pressure over the past two years despite a strong operational performance, as its valuation clearly got ahead of itself. Please log in to your account or sign up in order to add this asset to your watchlist. Zscaler Inc (NASDAQ:ZS) is trading significantly lower Friday after the company reported fiscal 2022 second-quarter financial results and issued guidance that disappointedsomeanalysts. Why Zscaler Inc's (ZS) Stock Is Down 6.89% | AAII - Investor Education Looking into that outlook, Advance Auto Parts expects earnings per share of $6 to $6.50 alongside revenue ranging from $11.2 billion to $11.3 billion in 2023. It seems the market expects this form will continue into the future, hence the elevated P/S ratio. ZS would disagree with this assessment, but companies are having success in this area. Subscriber Agreement & Terms of Use | shares dropped 12% after hours, following a 4.4% gain in the regular session to close at $134.13, after the company saw a slowing in its billings in the current quarter. ET despite exceeding earnings estimates handily last night. Learn More. So what. Analysts expected Zscaler earnings of 12 cents per share on sales of $212 million. Much of Zscalers report mirrored that of Oktas: Reluctance of customers to close deals in the uncertain economic environment, longer times to close deals, and 90%-plus customer retention rates that are allowing the platforms to upsell to existing customers. That suggests only 12.5% upside over the next 3 years, for an annualized return of only 4%. I wrote this article myself, and it expresses my own opinions. Recent times have been advantageous for Zscaler as its revenues have been rising faster than most other companies. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. When looking at risk, a slowdown in the economy is one potential risk. user's device, the internet or WiFi connection, or the service provider. Free doughnuts? To make the world smarter, happier, and richer. Also, billings rose 71% to $247.7 million, blowing past estimates of $204 million. Judging by the valuation, I suspect that investors expect the company to materially beat on those estimates. See what's happening in the market right now with MarketBeat's real-time news feed. This segment is projected to grow 31% this year, according to Gartner. Over the past year the S&P 500 is higher by 1.70% while ZS is lower by -12.44%. Investing in stocks, bonds, option and other financial instruments involve risks and may not be suitable for everyone. See How IBD Rates ZS Daily Weekly Zscaler Inc (ZS) -. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. What's Going On With Palo Alto, CrowdStrike And Zscaler Shares? said earlier in the week it was still on track for growth targets, despite a setback, and offer a conservative guidance. Cyberthreats continue to remain a huge problem with the number of cyber-attacks only growing. Feb. 25, 2022, 12:56 PM Zscaler Inc (NASDAQ:ZS) is trading significantly lower Friday after the company reported fiscal 2022 second-quarter financial results and issued guidance that disappointed. Why Zscaler Inc's (ZS) Stock Is Down 4.53% | AAII - Investor Education ZS primarily generates revenue for the sale of subscription to access its cloud platform. One of our trending tickers right now, Zscaler. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. The Dow industrials were off 135 points. Zscaler for Workloads secures workloads using its ZIA and ZPA solutions to provide connectivity across multi-cloud and hybrid-cloud environments. My top pick to take advantage of the digitization of real estate transactions. Looking for a portfolio of ideas like this one? Zscaler Inc has a Bullish sentiment reading. The Cybersecurity Stock Soars. Shares of cybersecurity specialist Zscaler (ZS -0.29%) are falling today, down 10% as of 11 a.m. Summary. Lets instead assume 30% long-term net margins. Investors also can create watchlists, find companies nearing a buy point, or develop custom screens at IBD MarketSmith. Snowflake Inc (SNOW) Up 2.45% in Premarket Trading. Big profits are available for the taking, but you must act now. Monday.com Leads 13 Top IPO Stocks To Watch, 'I'm 50 And I Have Never Saved For Retirement. Get in touch with us directly. Find out what this means for you and get the rest of the rankings on ZS! Why Is Advance Auto Parts (AAP) Stock Down 29% Today? While not exactly in the bargain bin, a sub-7.5x multiple on fiscal 2025 revenue is not an over-the-moon valuation for a company that is a leader in one of the hottest parts of the cybersecurity market. ZS notes that there are 20,000 companies with more than 2,000 employees, and that its currently only penetrated around 10% of this market. Zscaler last reported a headcount of 4,975. That dynamic was also evident in Salesforce Inc.s Cloud-software vendors are still trying to snag deals in a cost-conscience environment as businesses slow spending a looming recession. Watch the video here. -0.29% Compare your portfolio performance to leading indices and get personalized stock ideas based on your portfolio. Learn More. Zscaler (NASDAQ:ZS) is one of the tech stocks that leave me scratching my head. San Jose, Calif-based Zscaler (ZS) reported earnings after the market close on Tuesday. C3.ai surges, Zscaler and Marvell Technology fall in premarket trade, Zscaler stock price target cut to $150 from $180 at Wedbush, Zscaler started at neutral with $124 stock price target at J.P. Morgan, Analysts Have Conflicting Sentiments on These Technology Companies: Zscaler (ZS), Samsara (IOT) and Broadcom (AVGO), Analysts Opinions Are Mixed on These Technology Stocks: Adobe (ADBE) and Zscaler (ZS), Robert W. Baird Sticks to Their Buy Rating for Zscaler (ZS), Zscaler (ZS) Q3 2023 Earnings Call Transcript, Zscaler (ZS) Q3 Earnings and Revenues Top Estimates, Zscaler (ZS) Receives a Buy from Stephens, US Stocks Rebound, Dollar And Treasury Yields Decline As Traders Reassess Fed Policy And Welcome House Approval Of Debt Ceiling Bill, Analysts Offer Insights on Technology Companies: Zscaler (ZS), Salesforce (CRM) and Veeva Systems (VEEV). Turning to the outlook, the next three years should generate growth of 29% per annum as estimated by the analysts watching the company. Plus500. Get short term trading ideas from the MarketBeat Idea Engine. Can I afford it? Management raised full-year revenue guidance by about 2% to $1.587 billion to $1.591 billion. Stock Market Today: Dow Down at Close As Traders Await Debt-Ceiling Vote The company has said that about 80% of its ZIA deals are Blue Coat replacement deals, and that there are still a lot of large companies still using this older technology, including some very large banks. Thank you for signing up! PacWest leads regional bank rally. Portfolio results are unaudited and based on varying investment expiration dates. Zscaler, Inc. engages in the provision of a cloud-based internet security platform. investors.com IBD University | Welcome RESEARCH Zscaler Inc (ZS) NASDAQ $ 135.31 9.82 6.77% 3 Mil Get a Leaderboard Chart for ZS ? I just mentioned that the company has guided for long-term 22% operating margins. Our company news sentiment scores track the average news sentiment of articles about each company over the most recent 7 days in order to identify companies that are receiving positive press. Why Zscaler, Snowflake, and Datadog Surged This Week, 2 Red-Hot Cybersecurity Stocks to Buy In May and Hold for Decades, Why Zscaler, Datadog, and Wix Stocks All Rallied Wednesday Morning, Better Cybersecurity Stock: Tenable vs. Zscaler, 2 High-Growth Cybersecurity Stocks to Buy in April 2023, If History Repeats, 1 Widely Owned Commodity Is Set to Skyrocket, Cathie Wood Says Software Is the Next Big AI Buying Opportunity -- And These 4 Stocks Could Skyrocket, If You're Not Making These 401(k) Moves, You're Making a Big Mistake, Prediction: 2 Top AI Growth Stocks That Will Be Worth More Than $1 Trillion by 2030, Join Over Half a Million Premium Members And Get More In-Depth Stock Guidance and Research, Motley Fool Issues Rare All In Buy Alert, Copyright, Trademark and Patent Information. Identify stocks that meet your criteria using seven unique stock screeners. Zscaler Inc Stock Price History. Therefore, it's fair to say the revenue growth recently has been superb for the company. In-depth profiles and analysis for 20,000 public companies. Competition and technology obsolesce remain another risk. Our daily ratings and market update email newsletter. I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. The second part is great, you got pipeline. View which stocks are hot on social media with MarketBeat's trending stocks report. During the last market session, Zscaler Inc's stock traded between $136.25 and $143.02. What happenedShares of Zscaler (NASDAQ: ZS) rose 18.6% in July, according to data from S&P Global Market Intelligence. Click Here to get the full Stock Report for Zscaler Inc stock. Zscaler Pre-Announces Strong Results. Concerned about the content? For the best MarketWatch.com experience, please update to a modern browser. Number one, Zscaler has always been selling to C level because we are transformational. All rights reserved. 5 Best-Performing Stocks of the Top ETF of May. While ZS might be the kind of stock that feels good to own in a portfolio, the stock is unlikely to keep up with tech peers. See Also:Why The Ukraine Conflict Will Augment This Sector's Growth By 2-3%: Analyst. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Authors may own the stocks they discuss. Unlike other tech stocks, Zscaler is not trading at compelling valuations today. Zscaler expects revenue of $241 million vs. estimates of $224.8 million. Number two, there's a lot of push on business justification. That said, these are modest increases to guidance, in my opinion. I wrote this article myself, and it expresses my own opinions. 86% of retail CFD accounts lose money, Zscaler (ZS) Receives a Hold from Loop Capital Markets, Analysts Have Conflicting Sentiments on These Technology Companies: Zscaler (ZS), Samsara (IOT) and Broadcom (AVGO), Zscaler (ZS) Gets a Buy from Evercore ISI, BTIG Sticks to Its Hold Rating for Zscaler (ZS), Stifel Nicolaus Remains a Buy on Zscaler (ZS), Canaccord Genuity Sticks to Its Buy Rating for Zscaler (ZS), Zscaler (ZS) Receives a Rating Update from a Top Analyst, Piper Sandler Reaffirms Their Hold Rating on Zscaler (ZS), Registration on or use of this site constitutes acceptance of our. Cybersecurity stocks are getting battered. Zscaler Inc (ZS) stock is higher by 5.94% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator. It's because of these 2 reasons, we see good demand. There's more scrutiny. Zscaler stock drops 12% after deal delays overshadow raised outlook Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed. Pricing is based on a per-user basis. Now why is that? ZDX allows an organization to isolate where in the network path an issue is happening and whether it is caused by a user's device, the internet or WiFi connection, or the service provider. Legacy companies are trying to win business with SASE solutions, which they market as more complete solutions. In this follow-up report, I show why despite the 40% fall, the stock is still not really buyable. BREAKING: Futures Rise With Jobs Report On Tap. , -0.73%. Unfortunately, the gains of the last month did little to right the losses of the last year with the stock still down 15% over that time. Zscaler's Stock Is Starting To Look Attractively Valued ZS is trading at 32x FY22 sales. Copyright 2023 MarketWatch, Inc. All rights reserved. Revenue guidance for ZS stock in the January quarter also came in above views. ', Investing In The Future Of The Hydrogen Economy, Zscaler Stock Gets A Composite Rating Upgrade Day Before Earnings, After Bullish Report In March, Salesforce Stock Ramps Higher Ahead Of Results; 3 Security Software Stocks To Watch, Cybersecurity Stocks To Watch As Earnings Reports Come In, Dow Jones Dips As Zscaler Rockets; Three Warren Buffett Stocks Near Entries As Berkshire Gains. What Should I Do? Therefore, I'm a little surprised to see the market respond this positively today. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Learn how you can make more money with IBD's investing tools, top-performing stock lists, and educational content. Although, it's not wise to just take the P/S at face value as there may be an explanation why it's so lofty. Broadcom led earnings movers late. Zscaler said it plans to expand product integrations with CrowdStrike Holdings (CRWD), which reports earnings on Wednesday. October 25, 2022 10:10 AM 0 A Zscaler service outage is causing loss of connectivity, packet loss, and latency for customers, with no information available as to what is causing the disruption. Ticker symbol ZS, that's in focus this morning following an earnings report. But even if Zscaler's slowing down, it's still moving mighty fast. Zscaler, Inc. (NASDAQ:ZS) shares have had a really impressive month, gaining 45% after a shaky period beforehand. Please. Zscaler Unusual Options Activity For May 30. One of Jack Kellogg's main indicators is the volume-weighted average . We've seen a record pipeline. Unlike many other highly buyable tech stocks, ZS still trades at elevated multiples. VMware (VMW) to Report Q1 Earnings: What's in the Cards? All quotes are in local exchange time. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Zscaler Is Down 40%, But Is Still Too Expensive - Seeking Alpha Twilio Up As Activist Investor Spurs Change, Cathie Wood Invests, Symbotic AI Robots Disrupt Warehouse Industry, Stock Price Soars, Unlocking Potential: Comparing IRA vs. CD vs. Money Market Accounts, Zscaler (NASDAQ:ZS) Given New $145.00 Price Target at Barclays, Cantor Fitzgerald Boosts Zscaler (NASDAQ:ZS) Price Target to $145.00, Piper Sandler Boosts Zscaler (NASDAQ:ZS) Price Target to $130.00, Robert W. Baird Sticks to Their Buy Rating for Zscaler (ZS), Zscaler Non-GAAP EPS of $0.48 beats by $0.05, revenue of $418.8M beats by $7.05M, Zscaler 3Q Revenue Up By Nearly Half On Strong Demand, Zscaler Reports Third Quarter Fiscal 2023 Financial Results, Zscaler (ZS) Receives a Buy from Stephens, Zscaler guidance tops estimates after Q3 results beat, RBC Capital Reiterates Zscaler (ZS) Outperform Recommendation, Zscaler: Buy If You Are Tolerant To Short-Term Volatility, Zscaler Stock Gets A Composite Rating Upgrade Day Before Earnings, Zscaler Unusual Options Activity For May 30. These deals havent gone away and customers are taking longer to make decisions and requiring additional approvals.. CI Investments Inc. Sells 66,755 Shares of Zscaler, Inc. (NASDAQ:ZS), Aigen Investment Management LP Decreases Stock Position in Zscaler, Inc. (NASDAQ:ZS), Tredje AP fonden Buys 51,434 Shares of Zscaler, Inc. (NASDAQ:ZS), Artisan Partners Limited Partnership Has $534.24 Million Stake in Zscaler, Inc. (NASDAQ:ZS), Midday movers: PacWest, Zscaler, Tyson Foods and more, Zscaler Appoints Syam Nair as Chief Technology Officer to Accelerate Innovation and Product Development, First Trust Advisors LP Has $198.95 Million Stock Holdings in Zscaler, Inc. (NASDAQ:ZS), Zscaler, Inc. Expected to Post Q3 2023 Earnings of ($0.43) Per Share (NASDAQ:ZS), Barclays Cuts Zscaler (NASDAQ:ZS) Price Target to $127.00, Why Zscaler, Snowflake, and Datadog Surged This Week, Zacks Research Analysts Lower Earnings Estimates for Zscaler, Inc. (NASDAQ:ZS), Barclays Trims Zscaler (NASDAQ:ZS) Target Price to $127.00, Skandinaviska Enskilda Banken AB publ Acquires 1,149 Shares of Zscaler, Inc. (NASDAQ:ZS), Zscaler's (ZS) "Maintains" Rating Reiterated at 888, Zscaler (NASDAQ:ZS) Price Target Raised to $120.00, Zscaler (NASDAQ:ZS) Price Target Increased to $148.00 by Analysts at Citigroup, Why Zscaler (ZS) Could Beat Earnings Estimates Again, Cognizant Technology Solutions News Today, Telefonaktiebolaget LM Ericsson (publ) News Today.

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why is zscaler stock going down