Zscaler Shares Plummet After Disappointing Earnings Guidance

The cybersecurity firm's stock drops sharply as fiscal 2025 projections fall short of expectations amid economic challenges.

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.