Why Zscaler Stock Soared Today
Shares of Zscaler (NASDAQ: ZS) surged 12.4% on Wednesday after the cybersecurity company delivered strong third-quarter financial results.
Zscaler's revenue soared 60% year over year to $176.4 million, as more businesses migrated their operations to the cloud during the pandemic. Its adjusted net income, in turn, more than doubled to $21.4 million, or $0.15 per share.
Zscaler's cloud security solutions are in high demand. Image source: Getty Images.
Source Fool.com
