As U.S. markets trend towards all-time highs, driven by robust performances in technology and other sectors, investors are increasingly attentive to the underlying factors that contribute to a company's success. In this climate, growth companies with high insider ownership can be particularly appealing, as they often signal strong confidence from those who know the business best.
(Bloomberg) -- CrowdStrike Holdings Inc. investors face a precarious setup heading into the cybersecurity company’s next earnings report as its sky-high valuation faces off with rapidly souring sentiment for software stocks.Most Read from BloombergA Struggling Business Park Deals a Blow to Singapore's Regional Hub AmbitionsBillionaire-Friendly Modi Humbled by Indians Who Make $4 a DayNvidia Tops $3 Trillion in Market Value, Leapfrogging Apple‘Everything Is Not Going to Be OK’ in Private Equity,
Cloud security provider Zscaler (ZS) posted a fiscal third-quarter earnings beat on Thursday, May 30: $553.2 million in revenue (expected $536.8 million) and earnings of $0.88 per share (expected $0.65 per share). Zscaler Chairman and CEO Jay Chaudhry comes on Asking for a Trend to talk about the company's full-year guidance and the broader cybersecurity enterprise landscape, while also addressing rumors of a recent data breach. "Market is tight, there's a lot of deal scrutiny. Zscaler is a unique provider where we provide the best cyber security with zero trust architecture," Chaudhry tells Yahoo Finance. "But we also reduce cost because we eliminate a bunch of legacy security point products, firewalls, VPNs, and more. So that's why we're able to close business by doing both at the same time." For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend. This post was written by Luke Carberry Mogan.