Why C3.ai, Cloudflare, and Zscaler Fell Today
Shares of artificial intelligence (AI) and cybersecurity enterprise software names C3.ai (NYSE: AI), Cloudflare (NYSE: NET), and (NASDAQ: ZS) fell on Thursday, down as much as 9.8%, 5.3%, and 5.8%, before recovering to mere 2%, 3%, and 4.1% losses, respectively, as of 1:53 p.m. ET.
It was generally a poor day for technology stocks, and especially high-growth software names that tend to trade at higher valuations and which had already logged strong year-to-date gains.
The sell-off across AI, cybersecurity, semiconductor, and software names was likely due not to company-specific news, but rather macroeconomic data and recent public statements from Federal Reserve officials.
Source Fool.com
Zscaler Inc Stock
€180.02
-3.370%
The stock is one of the favorites of our community with 86 Buy predictions and 1 Sell predictions.
With a target price of 212 € there is a slightly positive potential of 17.76% for Zscaler Inc compared to the current price of 180.02 €.
