AI & Enterprise
Zscaler shares fall 9 percent despite beating estimates
Cloud security firm Zscaler reported fiscal second-quarter results that beat expectations, but its shares fell 9 percent as investors viewed the performance as falling short of their hopes, SiliconANGLE reported on Feb. 26. Zscaler posted earnings per share of $1.01 and revenue of $815.8 million. Annual recurring revenue rose 25 percent to $3.359 billion. The company announced Zscaler AI Protect and acquired browser security firm SquareX.
