AI & Enterprise
Zscaler shares plunge more than 30 percent in a day after weaker guidance
Shares of cybersecurity firm Zscaler fell more than 30 percent on May 27, the report said, after the company issued guidance that fell short of expectations despite quarterly results beating forecasts. Zscaler projected fiscal 2027 annual recurring revenue growth of 16 to 17 percent year on year, below StreetAccount estimates, and gave quarterly revenue guidance of $875 million to $878 million, slightly under FactSet’s forecast.
