Zscaler’s inventory falls after earnings as firm retains billings outlook intact

Zscaler Inc. topped expectations with its outcomes for the most recent quarter and its outlook for the continued one, however shares of the cybersecurity firm had been shifting decrease in Monday’s prolonged session as Zscaler declined to up its full-year billings forecast.

Calculated billings for the fiscal first quarter got here in at $457 million, up from $340 million a 12 months prior, whereas analysts had been searching for $443 million. Despite exhibiting upside within the newest quarter, Zscaler ZS stored its full-year forecast at $2.52 billion to $2.56…