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Investigation announced for Investors in shares of Zscaler, Inc. (NASDAQ: ZS)

10-09-2019 05:45 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

An investigation for investors in Zscaler, Inc. (NASDAQ: ZS) shares over potential securities laws violations by Zscaler, Inc.

An investigation for investors in Zscaler, Inc. (NASDAQ: ZS) shares over potential securities laws violations by Zscaler, Inc.

An investigation was announced over potential securities laws violations by Zscaler, Inc. in connection with certain financial statements.

Investors who purchased shares of Zscaler, Inc. (NASDAQ: ZS), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on whether a series of statements by Zscaler, Inc. regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

San Jose, CA based Zscaler, Inc. operates as a cloud security company worldwide. Zscaler, Inc went public in March 2018. Zscaler, Inc sold 12 million shares at $16.00 per share in its initial public offering. Zscaler, Inc. reported that its Total Revenue rose from $125.71 million for the 12 months period that ended on July 31, 2017 to $190.17 million for the 12 months period that ended on July 31, 2018, and that Net Loss decreased from $35.46 million to $33.64 million over those respective time periods.

Shares of Zscaler, Inc. (NASDAQ: ZS) grew from $24.95 per share in May 2018 to as high as $89.54 per share in July 2019.

On September 11, 2019, Zscaler, Inc disclosed that its larger deals were taking longer to close. Following this announcement, several analysts cut their target prices for ZScaler stock.

Shares of Zscaler, Inc. (NASDAQ: ZS) declined to $46.03 per share on October 1, 2019.

On October 8, 2019, NASDAQ: ZS shares closed at $46.80 per share.

Those who purchased shares of Zscaler, Inc. (NASDAQ: ZS) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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