Zscaler stock plunges 30% in a day after weaker-than-expected guidance

Zscaler shares plunged more than 30% after issuing weaker-than-expected guidance.

The company projected 2027 annual recurring revenue growth of 16%–17% and lowered near-term revenue expectations below estimates.

That came despite a quarterly beat on adjusted EPS and revenue, which had topped analyst forecasts.

The selloff suggests investors are weighing future growth concerns more heavily than the latest earnings beat.