Overview

• Zscaler shares fell over 18% in premarket trading following a downbeat annual forecast.
• The company's fiscal 2025 earnings guidance missed analysts' estimates significantly.
• Macroeconomic challenges and high interest rates have slowed enterprise spending on cybersecurity.
• Zscaler's stock could drop further, with key support levels identified at $164, $143, and $135.
• Despite current setbacks, analysts believe demand may pick up in the second half of the fiscal year.