Zscaler’s stock seeing record drop after investors are blindsided by a disappointing outlook
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Zscaler stock is collapsing 31%+ intraday after a deeply disappointing revenue outlook blindsided a heavily consensus-bullish analyst community. With 32 Buys and 15 Strong Buys on the tape, the forced re-rating of estimates and price targets creates further downside pressure as sell-siders scramble to cut.
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↓ SHORT-15% target+10% stop2-4 weeks into analyst revision cycle
Short ZS into the analyst downgrade wave — 47 Buy/SB ratings need a painful reset and the stock has no floor until estimates stabilize.