Zscaler Stock Is Thriving As More People Work From Home

Turns out I was wrong about Zscaler (NASDAQ: ZS) stock.

After backtracking significantly in the second half of 2019 on worries its growth trajectory was losing momentum, the cloud-based cybersecurity firm's shares are up roughly 92% from mid-March lows and up 63% year to date in 2020.

To say coronavirus has made anyone a winner wouldn't be fair, but shelter-in-place and work-from-home movements that have ensued to combat the spread of the pandemic have cloud computing in high demand. Just as its larger incumbents Palo Alto Networks (NYSE: PANW) and Fortinet (NASDAQ: FTNT) got a boost in revenue the first few months of the year, so too has Zscaler.

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Source Fool.com