New York, New York--(Newsfile Corp. - May 28, 2026) - Levi & Korsinsky notifies investors that it has commenced an investigation into Zscaler, Inc. ("Zscaler, Inc.") (NASDAQ: ZS) concerning potential violations of the federal securities laws.

Zscaler reported Q3 revenue of $850 million, up 25% year-over-year, and ARR of $3.5 billion. However, the company's Q4 outlook came in below analyst expectations, and management simultaneously disclosed reduced cash-flow-margin projections for the remainder of fiscal 2026.

Alongside the guidance, Zscaler disclosed the departure of senior sales executives. Several major Wall Street analysts downgraded the stock the following morning, and trading volume surged to three to four times the 30-day average. The cybersecurity sector was broadly rallying during the same period, making ZS's decline stand out against its peer group.

If you suffered a loss on your Zscaler, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

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Source: Levi & Korsinsky, LLP