zscaler stock drop
Zscaler's revenues came in well above guidance ($93.6 million, versus $89 million to $90 million projected) provided just a few months prior, and management also updated full-year revenue expectations to $405 million to $413 million (from $395 million to $405 million before). Q4 2019 sales notched a 53% rate, and Zscaler's guidance upgrade for 2020 (35% growth at the midpoint) still implies a sharp drop-off at some point this year. So what's wrong with 48% top-line growth? #Zscaler #stock recovery stumbles after outlook disappoints #WallStreet.
Plus, as sales decelerate -- perhaps quickly if management doesn't deliver more big earnings beats in subsequent quarters -- operating expenses are still soaring.
By Cromwell Schubarth – TechFlash Editor, Silicon Valley Business Journal . Keeping this in mind, let's take a look at whether Zscaler… Zscaler Chairman and CEO Jay Chaudhry lauded the company's strong top-line growth and (adjusted) profitability even "while significantly investing in our business to pursue our large market opportunity. Shares were down as much as 10% the day after the news. And even with a 43% drop … Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show, and premium investing services.Forget the threat of a U.S. recession -- predictions of which have escalated dramatically during the second half of this year. Why Zscaler Stock Dropped 10.8% In December Steve Symington 1/10/2020. Stock Market Retirement
Zscaler is revolutionizing cloud security by empowering organizations to embrace cloud efficiency, intelligence, and agility—securely. For starters, it's another slowdown. Zscaler, Inc. operates as a cloud security company worldwide. After all, the newsletter they have run for over a decade, David and Tom just revealed what they believe are the US coronavirus: Follow measures or risk the worst fall in history, CDC says6 national restaurant chains in deepest trouble amid COVID-19 include Outback Steakhouse, IHOP and Denny's
Investing Basics Let's conquer your financial goals together...faster. Granted, included in those expenses is a grand total of $18.4 million awarded in stock-based compensation -- which goes down as a noncash expense. See you at the top! So perhaps unsurprisingly, shares have also rallied hard along with the broader market so far in 2020, indicating opportunistic investors might be taking advantage of the beaten-down stock with the hope its fiscal second quarter report -- which should be released in late February or early March -- could bring good news.
Returns as of 08/13/2020. Growth at any cost probably isn't the route to go at this point with the I'm not writing off Zscaler just yet. Yet the stock price dropped by 6% after these better-than-expected earnings. Zscaler stock fell 5.6% to close at 49.85 on the stock market today.
Zscaler's stock remains at about three times the price it … Data from the Stock Trader's Almanac shows the S&P 500 averages a loss of 0.5% in September. Adjusted for costs such as stock compensation, the company made a small profit of $6.1 million, compared with a … Zscaler Inc.'s (Nasdaq:ZS) stock price has fallen roughly 46% from its 52-week high, mostly due to multiple adjustments and lower-than-expected guidance.Despite the big drop … If Zscaler can show notable progress in its efforts to capture more of the "large market opportunity" Chaudhry described, the stock could have plenty of room to run from here.When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. Nicholas has been a writer for the Motley Fool since 2015, covering companies primarily in the consumer goods and technology sectors.
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zscaler stock drop
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