🔴 Zscaler is trading 4.4% down today after cautious fiscal 2027 guidance signals slower growth

Zscaler is trading at $169.94, down 4.42%, after investors focused on fiscal 2027 revenue guidance of $3.908–$3.938 billion, implying 16.6%–17.5% growth.

• Fourth-quarter revenue reached $898.2 million; non-GAAP EPS was $1.19.
• Restructuring will affect approximately 3% of employees as growth decelerates and resources shift toward AI initiatives.
• The broader market is modestly weaker, but the earnings outlook is the primary catalyst.