Zscaler Inc. (NASDAQ: ZS) saw its stock price soar 7.62% during Thursday's intraday trading session. The cybersecurity company was among the top performers on the Nasdaq as investors reacted to positive developments surrounding its quarterly financial results.

The significant price movement appears driven by strong earnings anticipation ahead of the company's second-quarter report. Analysts had expected Zscaler to report earnings of 90 cents per share, up from 78 cents per share in the year-ago period, with revenue projected at $798.92 million versus $647.9 million a year earlier. Several analysts maintained positive ratings on the stock ahead of the earnings release, contributing to bullish sentiment.

After the market close, Zscaler confirmed the positive expectations by reporting quarterly earnings of $1.01 per share, beating estimates by 12.6%, and revenue of $815.751 million, exceeding forecasts by 2.12%. The company also announced strong second-quarter results and raised its fiscal 2026 annual recurring revenue guidance to 24%, further validating investor optimism during the trading session.