Zscaler (ZS) Surges After Raising Revenue Guidance

Zscaler (ZS) surges after raising revenue guidance. Alex Coffey and Jenny Horne discuss this as ZS raised its 3Q revenue to $414M-$419M from $396M-$398M. ZS raised its FY23 guidance to $1.587B-$1.591B from $1.558B-$1.563B. The CEO notes that "customer engagements are strong." Alex and Jenny mentions that ZS was a name that was seen as resilient, which fell out of favor and is now making a comeback. Alex then demonstrates an example trade using ZS. The trade type is buy a call calendar and the direction is bullish. Tune in to find out more about the stock market today.