Zscaler Stock Sinks on Guidance. Time to Buy the Dip?

Shares of Zscaler (NASDAQ: ZS) sank after the cybersecurity company issued disappointing guidance in conjunction with its fiscal 2024 fourth-quarter results this week. The stock now trades down nearly 27% so far this year.Disappointing guidance often triggers the market to sell a stock, but was this selloff an overreaction? If it was, is now a good opportunity to buy the stock on the dip?In its fiscal fourth quarter (ended July 31), Zscaler grew its revenue by 30% year over year to $592.9 million. That was well ahead of its earlier outlook for revenue of between $565 million and $567 million. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool