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Zscaler's stock nears breakout after 74% rally, driven by strong earnings and rising demand for cloud security.
Zscaler, a cybersecurity firm, is nearing a potential stock breakout after a 74% rally, with its share price at $315.21 and approaching a key buy point of $318.46.
Strong fourth-quarter earnings and upbeat guidance exceeded analyst expectations, boosting its Composite Rating to 95 out of 99 and signaling a possible cup-with-handle pattern.
Despite recent volatility in the sector, Zscaler stands out due to growing demand for cloud security services and solid performance.
Investors are watching upcoming economic data and Tesla’s deliveries for broader market cues.
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Las acciones de Zscaler se aproximan a la ruptura después de un repunte del 74%, impulsadas por fuertes ganancias y una creciente demanda de seguridad en la nube.