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Benzinga

Business

Adam Eckert

Why Zscaler Shares Are Falling Today

Zscaler ZS Zscaler Inc

Zscaler Inc (NASDAQ:ZS) is trading significantly lower Friday after the company reported fiscal 2022 second-quarter financial results and issued guidance that disappointed some analysts.

Zscaler said quarterly revenue increased 63% year-over-year to $255.56 million, which beat the $241.56 million estimate. The cloud-native cybersecurity company reported quarterly earnings of 13 cents per share, which beat the estimate of 11 cents per share.

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2 people killed, including a student, after Florida school bus rolls over in crash

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