Despite solid financial results, Zscaler shares plunge after announcing layoffs, weaker billings

Shares in Zscaler Inc. plunged in late trading after the cybersecurity company announced layoffs alongside solid financial results in its most recent quarter. For its fiscal second quarter that ended Jan. 31, Zscaler reported earning before costs such as stock compensation of 37 cents a share, up from 13 cents a share in the same quarter of […]

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