's (NASDAQ: ZS) stock sank 7% during after-hours trading following its latest earnings report before reclaiming that lost ground on the following day. For the first quarter of fiscal 2024, which ended on Oct. 31, the cloud-based cybersecurity company's revenue rose 40% year over year to $497 million and exceeded analysts' expectations by $23 million. Its adjusted earnings more than doubled to $0.67 per share and also cleared the consensus forecast by $0.18.
Those headline numbers were impressive, but the temporary drop revealed at least some concerns about its cooling growth and high valuations. Was that brief pullback a buying opportunity or a red flag for Zscaler's future?
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Source Fool.com