Zscaler results, outlook top Street view, but shares slide amid tough cloud-software environment

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Zscaler shares declined late Thursday after the cybersecurity company's results and forecast topped Wall Street expectations.

Zscaler Inc. shares declined in the extended session Thursday after the cybersecurity company’s results and forecast topped Wall Street expectations amid a tough cloud-software environment.

Zscaler shares ZS slipped 2% after hours, following a 0.3% decline in the regular session to close at $135.09. Analysts had estimated $1.56 a share on revenue of $1.58 billion, and billings of $1.96 billion for the year.

 

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