Why Did Zscaler Climb 61% in 2021?
Zscaler (NASDAQ: ZS) stock rose 60.9% last year because of the company's excellent sales and cash flow. Higher valuation played a minor role, but fundamentals can explain almost all of the returns.
Zscaler provides cloud-based software that helps workers securely access and share data. Remote work became a necessity during the global pandemic.
While many people are returning to the office, distributed workforces have gained a permanent foothold and are going to be the norm for many businesses. That creates demand for cybersecurity companies, and there's lots of opportunity moving forward.
Source Fool.com
