On May 28, Zscaler rose 5.08% in regular trading, trading at $133.165/share, with trading volume of $16.71 billion. The rebound comes after the stock plunged over 31% following weak fiscal Q4 revenue guidance and executive departures disclosed alongside its Q3 earnings release.

The recovery is primarily driven by oversold technical conditions and broad strength across the Systems Software sector. Despite multiple investment banks lowering their price targets post-earnings, Wedbush maintained its outperform rating and set a $220 target price, citing Zscaler's long-term competitive advantages in zero trust architecture and AI security. Within the sector, Microsoft rose 3.38%, ServiceNow gained 7.38%, Oracle advanced 6.4%, CrowdStrike climbed 4.9%, and NEBIUS surged 9.72%, providing a supportive backdrop for the previously beaten-down stock.

(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.)