1 Top Stock Down 30% That Could Turn Out to Be a Smart Buy Right Now

This has been a forgettable year for Zscaler (NASDAQ: ZS) investors so far: Shares of the cybersecurity specialist have lost 30% of their value year to date, and things went from bad to worse for the company following the release of its fiscal 2024 fourth-quarter results on Sept. 3.Though it delivered better-than-expected numbers, Zscaler's stock plunged by 17% the day after that quarterly report as management's guidance for the current quarter and the new fiscal year were well below expectations. Let's look at the reasons why Zscaler's guidance wasn't up to the mark and consider whether this drop in this stock's price should be viewed as a buying opportunity.In its fiscal Q4, which ended July 31, Zscaler's revenue increased 30% year over year to $593 million, which was well ahead of Wall Street's consensus estimate of $568 million. The cybersecurity company's adjusted earnings increased 37% to $0.88 per share, crushing the consensus estimate of $0.69 per share.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool