Why Zscaler Stock Soared 26% Today
Shares of Zscaler (NASDAQ: ZS) skyrocketed on Thursday after the cloud security company delivered excellent first-quarter results.
Zscaler's revenue surged 52% year over year to $142.6 million, as the COVID-19 crisis prompted more companies to shift their operations to the cloud. "I believe our financial results demonstrate Zscaler's pivotal role in enabling our customers' digital transformation journeys, which are accelerating at a pace never seen before," CEO Jay Chaudhry said during a conference call with analysts.
Zscaler's cybersecurity solutions are in high demand during the coronavirus pandemic. Image source: Getty Images.
Source Fool.com
