Zscaler Inc is trading 5.2% down at $122.58 as investors continue to react to recent earnings and subsequent analyst price-target cuts.
- Sentiment remains fragile following the company's recent earnings report, with several analysts lowering their price targets for the cybersecurity firm.
- The stock is facing additional pressure from a broader sell-off in the Nasdaq Composite and growth stocks as risk appetite fades in a higher-for-longer interest rate environment.