No. of Recommendations: 35
Still not cheap, but well off highs thanks to FUD and nothing else.

Something else is that SaaS stocks are well off their recent highs while the overall market (SP500) is still close to an all time high:

ZS: -28%
SMAR: -27%
CRWD: -26%
MDB: -23%
TWLO: -17%
OKTA: -14%
ESTC: -14%

So it’s inaccurate to say that ZS’s stock drop is only due to FUD.


3 catalysts in front of stock now:

1. ER on Tuesday 9/10.
2. On 9/17 they will have analyst day onsite of their annual Zenith Live conf.
3. Likely new solution announcements coming from the Zenith Live conf.


Yes we will see in the next weeks but lately even very good results and good guidance have not been enough to increase and hold up SaaS stock prices.

Chris
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