Zscaler shares fall after second-quarter results and cautious ARR outlook
Zscaler shares fell 4.4% in the afternoon session after reporting second-quarter results that beat expectations. Conservative guidance for net-new annual recurring revenue weighed on sentiment.
What Happened? Shares of cloud security platform Zscaler NASDAQ:ZS fell 4.4% in the afternoon session after the company reported second-quarter results that beat expectations, though conservative guidance for net-new annual recurring revenue weighed on sentiment.Sales, operating profit, and earning…