Why Zscaler Stock Popped Today
Shares of Zscaler (NASDAQ: ZS) spiked this morning after the company reported better-than-expected results for its third quarter. The company easily beat Wall Street's average estimate for both its top and bottom lines.
The tech stock gained 10.5% as of 10:27 a.m. ET.
The company reported non-GAAP (adjusted) earnings per share of $0.17 in the quarter, which was up from $0.15 in the year-ago quarter and far above analysts' consensus estimate of $0.11 per share.
Source Fool.com
