Investors Rushed Into These 10 Stocks Today

3. Zscaler, Inc. (NASDAQ:ZS)

Zscaler saw its share prices increase by 9.79 percent on Friday to close at $275.70 apiece as investors cheered the appointment of its new chief finance officer (CFO), while digesting its mixed earnings performance.

In a statement, Zscaler, Inc. (NASDAQ:ZS) welcomed Kevin Rubin as its new CFO, who is set to play a critical role in scaling the company’s global finance organization. He will replace Remo Canessa, who stepped down for retirement last year.

Canessa will remain with Zscaler until the end of the fiscal year 2025 in an advisory capacity to support the transition.

Rubin’s appointment followed Zscaler, Inc.’s (NASDAQ:ZS) mixed earnings results for the third quarter of fiscal year 2025.

According to the company, it swung to a net loss of $4.1 million from a $19.1-million net income in the same quarter last year. Revenues, however, increased by 23 percent year-on-year to $678 million from $553 million.

For the nine-month period, Zscaler, Inc. (NASDAQ:ZS) remained at a net loss of $23.9 million, albeit 44 percent lower than the $42.8 million net loss posted in the same period a year earlier. Revenues in the past three quarters grew by 24 percent to $1.95 billion from $1.57 billion.