← ZSCALER INC. DL-,001 overview

ZSCALER INC. DL-,001 vs MARA: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

ZSCALER INC. DL-,001 (0ZC.XETRA)

Q3 2026
▼2▲1

Zscaler's AI security surge offset by slowing growth guidance and rising competition

  • AI security demand drives record deals Zscaler's Q4 fiscal 2026 results beat estimates with $1.19 EPS and $898M revenue, sending shares up 11% after hours. AI security demand drove record million-dollar deals, with over half the Fortune 500 now customers.

    This point highlights the positive impact of AI security demand on Zscaler's financial performance and stock price.

  • Fiscal 2027 guidance implies growth slowdown Fiscal 2027 guidance implies growth slowing to ~17% from 25%, triggering a 7.8% stock drop and a 3% workforce cut. This signals potential challenges ahead and weighed on investor sentiment.

    This point explains the negative reaction to the company's forward-looking guidance, which is a key driver of the stock's performance.

  • Palo Alto Networks intensifies competition Palo Alto Networks posted 40% SASE bookings growth and $400M in displacements, threatening Zscaler's core secure networking business and potentially pressuring market share and pricing.

    This point underscores the competitive pressures that could limit Zscaler's growth and negatively affect its stock price.

September 2026
▲2▼2

Zscaler's AI security push grows, but slower 2027 growth and competition weigh

  • Slower 2027 growth and AI restructuring Zscaler's fiscal 2027 guidance points to about 17% growth, down from 25%, and the company is cutting roughly 3% of staff to focus on AI. Investors worry demand is cooling, which pushed the stock down 7.8% on the news.

    This is the main new negative force behind the stock's recent drop and explains why growth concerns persist.

  • New AI security products and strong bookings Zscaler launched Agentic SOC, a new AI-powered security tool, and reported AI-security bookings above $100 million, up 50% from the prior quarter. Record $1 million deals and more Zero Trust customers show its AI bet is gaining traction, supporting future revenue.

    This shows the company's growth engine is expanding, which could offset slower overall growth and lift the stock.

  • Sector-wide AI safety bid lifts cybersecurity stocks Warnings from AI leaders about safety risks sparked a broad rally in cybersecurity stocks, with Zscaler jumping 12% in one day. This shows that rising AI fears can drive demand for security solutions, benefiting Zscaler even if the move is partly sentiment-driven.

    It highlights a new demand catalyst from AI safety concerns that directly boosted Zscaler's shares.

  • Intensifying competition in SASE Palo Alto Networks reported 40% SASE bookings growth and $400 million in displacements, aiming to become market leader. This signals tougher competition for Zscaler's core secure networking business, which could pressure its market share and pricing.

    It is a new competitive threat that could limit Zscaler's growth and weigh on the stock.

Latest
▲2▼2

Zscaler's AI security push grows, but slower 2027 growth and competition weigh

  • Slower 2027 growth and AI restructuring Zscaler's fiscal 2027 guidance points to about 17% growth, down from 25%, and the company is cutting roughly 3% of staff to focus on AI. Investors worry demand is cooling, which pushed the stock down 7.8% on the news.

    This is the main new negative force behind the stock's recent drop and explains why growth concerns persist.

  • New AI security products and strong bookings Zscaler launched Agentic SOC, a new AI-powered security tool, and reported AI-security bookings above $100 million, up 50% from the prior quarter. Record $1 million deals and more Zero Trust customers show its AI bet is gaining traction, supporting future revenue.

    This shows the company's growth engine is expanding, which could offset slower overall growth and lift the stock.

  • Sector-wide AI safety bid lifts cybersecurity stocks Warnings from AI leaders about safety risks sparked a broad rally in cybersecurity stocks, with Zscaler jumping 12% in one day. This shows that rising AI fears can drive demand for security solutions, benefiting Zscaler even if the move is partly sentiment-driven.

    It highlights a new demand catalyst from AI safety concerns that directly boosted Zscaler's shares.

  • Intensifying competition in SASE Palo Alto Networks reported 40% SASE bookings growth and $400 million in displacements, aiming to become market leader. This signals tougher competition for Zscaler's core secure networking business, which could pressure its market share and pricing.

    It is a new competitive threat that could limit Zscaler's growth and weigh on the stock.

August 2026
▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

Q2 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

June 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

MARA Holdings Inc (M44.XETRA)

Q3 2026
▲3▼1

MARA pivots to AI power, but weak Q2 and Bitcoin sales weigh

  • AI power infrastructure pivot MARA is shifting from pure Bitcoin mining to AI power infrastructure, buying a 505-MW Texas gas plant and 1,200+ acres to reach about 4.8 GW of capacity, aiming for steadier revenue and growth.

    This strategic pivot is a major new development that could reshape MARA's business and growth outlook.

  • Crypto regulatory optimism Progress on the Clarity Act and Trump's crypto push sparked rallies, lifting MARA shares as investors grew more hopeful about clearer rules for digital assets.

    Regulatory developments are a key new catalyst that boosted sentiment and MARA's stock price.

  • Weak Q2 results and Bitcoin sales Q2 revenue fell 27% to $174.9 million with a $609.7 million net loss. MARA sold about 38,000 Bitcoin worth roughly $2.7 billion in H1 2026 to repay convertible debt, reducing leverage but draining a key asset and signaling possible cash strain.

    These financial results and asset sales are significant new negative factors affecting MARA's financial health and investor confidence.

  • Bitcoin rebound and Senate vote catalyst Bitcoin's rebound above $78,000 and a September Senate vote remain key catalysts that could further boost MARA shares if positive.

    These are upcoming events that could drive MARA's price and are new to this period.

August 2026
▲2▼2

MARA's weak Q2 and Bitcoin sales weigh, but crypto regulation rally lifts shares

  • Q2 earnings miss and revenue drop MARA reported second-quarter revenue of $174.9 million, down 27% from a year earlier, and swung to a net loss of $609.7 million. The weak results forced investors to rethink the company's value, pushing the stock down sharply.

    This is the core new financial event that reset valuation expectations for the period.

  • Heavy Bitcoin sales to repay debt MARA sold 23,093 Bitcoin worth about $1.6 billion in the first half of 2026, mostly to buy back convertible debt and cut its credit line. While this reduces debt, it also drains a key asset and signals possible cash strain.

    This explains the ongoing pressure on the stock from balance-sheet restructuring.

  • Trump's Clarity Act push sparks crypto rally President Trump urged Congress to pass the Clarity Act, a law that would set clear rules for crypto. MARA shares jumped 15.5% as Bitcoin climbed back above $72,000, with a key Senate vote expected September 15.

    This is the main new positive catalyst that drove the stock higher at the end of the period.

  • Bitcoin price rebound lifts mining stocks Bitcoin extended gains to $78,135, breaking out of its $60,000–$70,000 range, helped by Treasury bond buybacks and renewed risk appetite. MARA rose 5.4% in premarket trading as crypto-linked stocks rallied broadly.

    Bitcoin's price is a direct driver of MARA's revenue and asset value, so this rebound supports the stock.

Latest
▲2▼2

MARA's weak Q2 and Bitcoin sales weigh, but crypto regulation rally lifts shares

  • Q2 earnings miss and revenue drop MARA reported second-quarter revenue of $174.9 million, down 27% from a year earlier, and swung to a net loss of $609.7 million. The weak results forced investors to rethink the company's value, pushing the stock down sharply.

    This is the core new financial event that reset valuation expectations for the period.

  • Heavy Bitcoin sales to repay debt MARA sold 23,093 Bitcoin worth about $1.6 billion in the first half of 2026, mostly to buy back convertible debt and cut its credit line. While this reduces debt, it also drains a key asset and signals possible cash strain.

    This explains the ongoing pressure on the stock from balance-sheet restructuring.

  • Trump's Clarity Act push sparks crypto rally President Trump urged Congress to pass the Clarity Act, a law that would set clear rules for crypto. MARA shares jumped 15.5% as Bitcoin climbed back above $72,000, with a key Senate vote expected September 15.

    This is the main new positive catalyst that drove the stock higher at the end of the period.

  • Bitcoin price rebound lifts mining stocks Bitcoin extended gains to $78,135, breaking out of its $60,000–$70,000 range, helped by Treasury bond buybacks and renewed risk appetite. MARA rose 5.4% in premarket trading as crypto-linked stocks rallied broadly.

    Bitcoin's price is a direct driver of MARA's revenue and asset value, so this rebound supports the stock.

July 2026
▲3▼1

MARA pivots to AI power, expands Texas campus, sells Bitcoin to cut debt

  • AI infrastructure pivot with Long Ridge acquisition MARA is shifting from pure Bitcoin mining to supplying power for AI data centers, highlighted by buying the 505-megawatt Long Ridge gas plant. This opens a new, potentially steadier revenue stream and reduces reliance on volatile Bitcoin mining, which supports a higher stock price.

    This is the core strategic shift driving MARA's business and investor interest.

  • Texas land acquisition doubles power capacity MARA acquired over 1,200 acres in Matagorda County, Texas, to develop up to 2 gigawatts of AI and Bitcoin mining capacity. This will more than double its total power portfolio to about 4.8 gigawatts, signaling major growth and attracting HPC operators.

    This expansion is a concrete, large-scale growth move that directly boosts future capacity and revenue potential.

  • Regulatory optimism lifts crypto stocks Treasury Secretary Bessent said the Clarity Act is near passage, sending Bitcoin and crypto-related stocks higher. As a major Bitcoin miner, MARA benefits from clearer rules that could make crypto more mainstream and attract more investment.

    Regulatory clarity is a key external factor that can lift the entire crypto sector, including MARA.

  • Bitcoin sales to repay debt MARA sold about 15,133 Bitcoin worth $1.1 billion to repay convertible bonds, part of a broader trend of listed companies reducing crypto holdings. While this cuts debt, it also means selling a key asset and may signal financial pressure, which can weigh on the stock.

    This shows a real counterweight: MARA is selling its Bitcoin reserves, which could concern investors about its balance sheet.

▲3▼1

MARA pivots to AI power, expands Texas campus, sells Bitcoin to cut debt

  • AI infrastructure pivot with Long Ridge acquisition MARA is shifting from pure Bitcoin mining to supplying power for AI data centers, highlighted by buying the 505-megawatt Long Ridge gas plant. This opens a new, potentially steadier revenue stream and reduces reliance on volatile Bitcoin mining, which supports a higher stock price.

    This is the core strategic shift driving MARA's business and investor interest.

  • Texas land acquisition doubles power capacity MARA acquired over 1,200 acres in Matagorda County, Texas, to develop up to 2 gigawatts of AI and Bitcoin mining capacity. This will more than double its total power portfolio to about 4.8 gigawatts, signaling major growth and attracting HPC operators.

    This expansion is a concrete, large-scale growth move that directly boosts future capacity and revenue potential.

  • Regulatory optimism lifts crypto stocks Treasury Secretary Bessent said the Clarity Act is near passage, sending Bitcoin and crypto-related stocks higher. As a major Bitcoin miner, MARA benefits from clearer rules that could make crypto more mainstream and attract more investment.

    Regulatory clarity is a key external factor that can lift the entire crypto sector, including MARA.

  • Bitcoin sales to repay debt MARA sold about 15,133 Bitcoin worth $1.1 billion to repay convertible bonds, part of a broader trend of listed companies reducing crypto holdings. While this cuts debt, it also means selling a key asset and may signal financial pressure, which can weigh on the stock.

    This shows a real counterweight: MARA is selling its Bitcoin reserves, which could concern investors about its balance sheet.

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