Zscaler beats earnings expectations, issues upbeat guidance but stock falls

Zscaler reported financial results that exceeded Wall Street estimates, though its share price declined on the day of announcement. The cloud security firm’s fiscal fourth-quarter revenue reached approximately $719 million, representing 25% growth compared to the prior year period. The company posted a net loss of $3.4 million, or 2 cents per share, an improvement from a net loss of $17.6 million, or 11 cents per share, in the same quarter a year earlier.
Annual recurring revenue climbed