Zscaler stock rises on earnings beat, upbeat guidance
Zscaler’s stock rose on Thursday following the cloud security provider’s fiscal fourth-quarter earnings results, which topped analyst expectations amid growing enterprise demand for artificial intelligence-related security solutions.
The company reported revenue of approximately $719 million, representing a 25% increase from the prior year. Net losses narrowed substantially to $3.4 million, or 2 cents per share, compared to a net loss of $17.6 million, or 11 cents per share, in the