Jim Cramer Says Zscaler (ZS) Knocked It Out of the Park

We recently published a list of Jim Cramer Recently Discussed These 15 Stocks. In this article, we are going to take a look at where Zscaler, Inc. (NASDAQ:ZS) stands against other stocks that Jim Cramer discussed recently.

Zscaler, Inc. (NASDAQ:ZS) was featured after delivering strong quarterly results that bucked the trend of underperformance among cybersecurity peers. Jim Cramer spoke with the company’s CEO following a big earnings beat:

“When Zscaler reported last night, they knocked it out of the park. This cloud-based cyber security alpha delivered a robust top and bottom line beat with management raising their full-year revenue forecast.

In response, the stock shot up even though it had been up a lot already, up over 9% to the new 52-week high, but it’s still down more than 100 bucks from its all-time high at the end of 2021. So, could this thing have more room to run? […]

Right now, some people say to me how could a stock go straight up like this? It must be something it’s trickery. It’s a short squeeze. Whatever. I come back and say, well, wait a second. If you have total contract value bookings of over 1 billion, if your remaining performance obligations are now nearly 5 billion, that’s what happens! […]

[Talking to the CEO directly] Well, I want to congratulate you  for a remarkable post-so-called liberation day. You’re the number one stock that I follow.”

Zscaler, Inc. (NASDAQ:ZS) provides cloud-native cybersecurity solutions based on zero trust architecture, securing enterprise users, workloads, and devices across networks.

An employee standing in front of a large data center, looking toward the future of cloud security.

The company has been on Cramer’s radar since the 23^rd of May, when he said the following:

“Oh, and then there’s a… stock, Zscaler, cloud-based cybersecurity company that’s gotten into the habit of reporting upside surprises. It’s unnerving to me that it doesn’t seem to matter what this company reports. It seems to be so loved these days. That’s where the opportunity is.”

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Disclosure: None. This article is originally published at Insider Monkey.