ZScaler (ZS) earnings were released March 2nd. Kevin Green discusses ZS as its 2Q adjusted EPS came in at $0.37 versus an estimated $0.29 and its revenue came in at $387.60M versus an estimated $363.80M. He notes that BMO Capital and Wedbush have an outperform and Wells Fargo has an overweight rating on ZS. He then demonstrates an example trade using ZS. The trade type is a put spread and the breakeven is at $96.90. Tune in to find out more about the stock market today.
Trading 360
04 Mar 2023
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