Zscaler's Post-Earnings Sell-Off Seen as Buying Opportunity Amid AI Impact
Following disappointing earnings guidance from cybersecurity software company Zscaler (NASDAQ: ZS), the stock dropped significantly but is now viewed by some analysts as a long-term buying opportunity. The slowdown in annualized recurring revenue growth was attributed to changes in how Red Canary contracts are accounted for after its acquisition.
Topics: AI impact cybersecurity software stocks