Why Zscaler Stock Was Up on Friday
Zscaler (NASDAQ: ZS) shareholders had a good day on Friday, as their stock gained 9% by 11:30 a.m. ET, compared to a 1% rally in the S&P 500. Friday's rally came as Wall Street cheered Zscaler's fiscal Q3 report that showed strong growth paired with steps toward profitability. Sales in the Q3 period that ended in late April were up 46% thanks to strong demand for products like Zscaler's core cybersecurity platform.