Movement Alert｜Zscaler Rises 5.02% in Regular Trading, Oversold Rebound Following Post-Earnings Plunge Amid Broad Sector Strength

Market Focus05-29

On May 29, Zscaler rose 5.02% in regular trading, trading at $136.62/share, with trading volume of $659 million. The rebound follows a historic single-day plunge of over 31% earlier this week after the company issued fourth-quarter revenue guidance below expectations.

The current recovery is primarily driven by technical oversold conditions and broad strength across the Systems Software sector. Despite multiple investment banks cutting their price targets, Wedbush maintained its outperform rating with a $220 target, citing Zscaler's long-term competitive advantages in zero trust architecture and AI security. Morgan Stanley noted the stock remains in a penalty box until traction emerges in the security operations business and new sales leadership roles are filled.

Within the Systems Software sector, peers posted strong gains providing support: ServiceNow up 14.27%, Oracle up 7.95%, CrowdStrike up 6.93%, and Microsoft up 3.9%. The sector-wide positive momentum offered a tailwind for the oversold stock's recovery.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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