Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

1 Growth Stock Down 60% From Its 52-Week High I'm Buying Hand Over Fist

TheMotleyFool

0 0

1 Growth Stock Down 60% From Its 52-Week High I'm Buying Hand Over Fist: https://g.foolcdn.com/editorial/images/711746/a-person-looking-at-a-visual-of-a-stock-chart.jpg

The more Zscaler (NASDAQ: ZS) falls, the more shares I've been buying. I've already added to my position three times this year. With the stock recently dropping another 10% after reporting its fiscal first quarter results, -- pushing it 60% below its 52-week high -- I'm planning to add to my position again.

Here's why I'm buying shares of this cybersecurity stock hand-over-fist this year.

Zscaler's stock shed another 10% even though it posted excellent fiscal first-quarter numbers. Revenue surged 54% to $355.5 million, while adjusted net income more than doubled from $0.14 to $0.29 per share. Both metrics surpassed analysts' expectations.

Source Fool.com

Like: 0

Share