Zscaler Shares Tumble 16% on $875 Million-$878 Million Revenue Outlook Miss
Updated
Updated · CNBC · May 26
Zscaler Shares Tumble 16% on $875 Million-$878 Million Revenue Outlook Miss
5 articles · Updated · CNBC · May 26
Zscaler fell 16% after hours after forecasting current-quarter revenue of $875 million to $878 million, below the $879 million analysts expected.
That weak outlook overshadowed a stronger fiscal third quarter, with adjusted earnings of $1.08 a share beating the $1.01 consensus and revenue of $850 million topping estimates of $835 million.
The selloff spread across cybersecurity peers, with Palo Alto Networks and CrowdStrike each down about 2% in sympathy.
Elsewhere after the bell, Box slipped 2% on soft full-year profit guidance, while Semtech rose 8% on beats and upbeat guidance and Insulet dropped about 9% after a device correction.
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