Why Are Shares of Zscaler Crashing After Earnings?

Core Viewpoint - Zscaler's stock experienced a significant decline of 16% despite reporting better-than-expected earnings, indicating a disconnect between financial performance and market reaction [1]. Financial Performance - Zscaler reported a double beat in its latest earnings, surpassing both revenue and earnings expectations [1]. Market Reaction - The stock price drop occurred on September 3, 2024, following the earnings report, suggesting that investors may have had concerns beyond the reported financial metrics [1].