Jim Cramer Says SaaS Companies Like Zscaler “Have Fallen Viciously Out of Favor on Wall Street”

Zscaler, Inc. (NASDAQ:ZS) was among Jim Cramer’s stock calls on Mad Money, as he highlighted worthy space players and reviewed several of this year’s IPOs. Cramer noted the company’s exit from the Nasdaq-100, as he commented:

Then we have some real fireworks coming Thursday night. Thursday’s the last trading day before the Nasdaq rebalances, the Nasdaq-100. They’re adding Rocket Lab, Astera Labs, Teradyne, Nebius, and CoreWeave. And they’re replacing Verisk, Cognizant, Insmed, Zscaler, and Charter Communications. Now, these index admissions move things, and I think we should see, we gotta keep track of the fact that SpaceX is going to be coming into the Nasdaq-100 very soon. And you know what? I think people are going to continue to buy it because they want to play for this… Zscaler is a software-as-a-service company, and those have fallen viciously out of favor on Wall Street. Almost every one of them was down today, including Adobe.

Photo by AlphaTradeZone

Zscaler, Inc. (NASDAQ:ZS) provides cloud-based security that protects users, applications, and data through its zero-trust platform and threat-defense tools.

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