Zscaler's Q3 Results and Revenue Outlook Sends Stock Soaring.

Cybersecurity firm Zscaler pre-announced strong fiscal third-quarter results and raised full fiscal-year guidance, causing its stock to soar by 20.1%. Zscaler's revenue is expected to be in the range of $415 million to $419 million for the April quarter, up from its earlier forecast of $397 million. The cybersecurity firm also predicted revenue in the range of $1.581 billion to $1.591 billion for full-year fiscal 2023, up from an earlier outlook of about $1.56 billion. Zscaler's web security gateways inspect customers' data traffic for malware, and its ZPA cloud service replaces virtual private networks to support remote work.