Zscaler stock soars 20% as company raises its forecast far above expectations

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Shares of Zscaler Inc. were rocketing 22% in premarket trading Monday after the cybersecurity company said that it expects to report better-than-expected results for its just-completed quarter.

Zscaler ZS now anticipates that it will record $415 million to $419 million in revenue for the April period, its fiscal third quarter, while its prior outlook was for $396 million to $398 million. Analysts tracked by FactSet were expecting $397 million.

The…

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