Zscaler (ZS) shares facing record 31% drop after outlook

AI Summary

Zscaler (ZS) stock is projected to decline over 31% in a single trading day following a disappointing revenue outlook. The company's announcement surprised investors, leading to significant selling pressure on shares. This substantial drop may impact market sentiment around cybersecurity stocks, reflecting potential volatility in the sector. Investors and analysts will likely scrutinize Zscaler's performance in upcoming quarters as a result.