Why Zscaler Stock Skyrocketed 46% in May

Zscaler (NASDAQ: ZS) stock soared 46.2% in May, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 4.8% last month.

Shares of the cloud-based security platform operator have cooled off so far in June. They gained 1.2% last week, compared with the broader market's 5% return.

In 2020, shares of Zscaler -- which held its initial public offering (IPO) in March 2018 -- have gained 114% through Friday, June 5. The market is flat over this period.

Source Fool.com