Zscaler Inc (NASDAQ: ZS), a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%. Nevertheless, Zscaler’s shares have been bouncing back.
They’ve consolidated in recent months and are now breaking out of their range, logging an impressive 30% gain since September. With earnings just around the corner, Zscaler looks poised to keep rallying into this highly anticipated release, and both analysts and investors are right to be excited. Let’s jump in and see why.
