Zscaler Stock Tumbles After Earnings. Wall Street Smells a Buying Opportunity.


stock was tumbling ahead of the open Friday after earnings but Wall Street remained largely optimistic on the cybersecurity company as a long-term pick.

The cloud-based security company noted that deals were delayed in the fiscal second quarter as customers took a harder look at budgets due to macroeconomic conditions. It also expects billings to decline in the current quarter.