Investor Warning: Pomerantz Law Firm Investigating Claims from Investors Related to Zscaler
PR Newswire
41m ago
Ai Focus
Pomerantz LLP represents Zscaler, Inc. ( NASDAQ : ZS ) The investor investigation focuses on whether the company and some of its executives and/or directors are involved in securities fraud or other illegal business practices. The announcement mentioned that after Zscaler released its third-quarter financial results in May 2026, the stock price fell by 31.52% the following day due to revenue forecasts that were lower than market expectations; subsequently, in September 2026, after it was disclosed that Chief Revenue Officer Mike Rich resigned, the stock price fell another 10.06%.
Helpful
No.Help

New York, October 15, 2026 / PRNewswire / -- Pomerantz LLP represents Zscaler, Inc. (Hereinafter referred to as " Zscaler " or "the Company") ( NASDAQ : ZS ). The law firm advises relevant investors to contact Danielle Peyton, with the email address [ email protected ] and the phone number 646-581-9980, extension 7980.

This investigation focuses on whether Zscaler and some of its senior executives and/or directors are involved in securities fraud or other illegal business practices.

On May 26, 2026, Zscaler announced its financial results for the third quarter of the 2026 fiscal year. Although Zscaler's revenue and profits exceeded expectations, the company's guidance for revenue for that quarter was $875 million to $878 million, which is lower than the market consensus of $879 million.

Affected by this news, the stock price of Zscaler fell by $58.19 on May 27, 2026, a decrease of 31.52%, closing at $126.41 per share.

Subsequently, on September 24, 2026, Zscaler announced that Mike Rich would step down from the position of Chief Revenue Officer of the company.

Affected by this news, the stock price of Zscaler fell by $21.59 on September 25, 2026, a decrease of 10.06%, closing at $193.05 per share.

Pomerantz LLP has offices in New York, Chicago, Los Angeles, London, Paris, and Tel Aviv, and is considered one of the leading law firms in the fields of corporate, securities, and antitrust class actions. The firm was founded by the late Abraham L Pomerantz, who is regarded as a pioneer in the field of class action litigation. Pomerantz states that it has been groundbreaking in the area of securities class actions. More than 85 years later, the firm asserts that it continues to uphold the traditions established by its founder, fighting for the rights of victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The firm claims to have obtained compensation awards in the millions of dollars on behalf of class members. For more details, see www.pomlaw.com.

Lawyer advertisement. Past results do not guarantee similar outcomes.

Contact Information:

Danielle Peyton
Pomerantz LLP
[ email protected ]
646-581-9980, extension 7980

Tip
$0
Like
0
Save
0
Views 17
HQYC reminds readers to view blockchain rationally, stay aware of risks, and beware of virtual token issuance and speculation. All content on this site represents market information or related viewpoints only and does not constitute any form of investment advice. If you find sensitive content, please click“Report”,and we will handle it promptly。
Submit
Comment 0
Hot
Latest
No comments yet. Be the first!
Related
After the US PPI exceeded expectations, Bitcoin faces the risk of "volatility backtesting" below $80,000
After the U.S. Producer Price Index ( PPI ) in September came in significantly higher than expected, Bitcoin fell below $80,000 on Thursday. Analysts said that BTC might next test the support level around $78,000, but the overall bullish trend is not necessarily broken.
Cointelegraph
·2026-10-15 23:47:23
11
AI Startup Cognition Plans to Allocate Quotas More Favorably to the Most Efficient Engineers
To control expenses related to AI, Cognition has introduced a new plan that allows for dynamic adjustment of the usage limit for Token based on the efficiency of engineers using Devin. Additionally, Devin Coach has been launched to help users improve the efficiency of prompt generation and task segmentation.
The Block
·2026-10-15 23:47:22
15
Tmall and JD.com hold press conferences in direct competition; Douyin distributes coupons to REDnote. What strategies will each company adopt for this year's Double 11?
On October 15th, Alibaba and JD.com held their 2026 Double 11 press conferences almost simultaneously, while Douyin also launched its Double 11 Good Goods Festival. Tmall focused on AI and its flagship store resources, JD.com emphasized lifestyle services, content ecosystems, and AI applications. Douyin, on the other hand, distributed consumption vouchers across multiple platforms such as DouBao and Hongguo Short Dramas. The competition among these platforms has shifted from price wars to a contest of service, content, and efficiency.
The Block
·2026-10-15 23:47:21
10
Advisors on Crypto: Wall Street No Longer Waits for Congress to Enact Crypto Regulations
While Congress has been slow to advance a comprehensive federal framework for crypto assets, financial institutions are standardizing compliance and infrastructure on their own. The article states that the temporary exemptions provided by SEC can only offer limited permission, and institutions are more concerned with practical issues such as custody, settlement, interoperability, and ongoing compliance.
CoinDesk
·2026-10-15 23:47:16
12
SK SK Hynix Plans to Build a New NAND Factory in the US to Gain More Opportunities to Introduce American Equipment into Chinese Factories
Reuters reports that SK Hynix is seeking to build a new NAND factory in the United States in exchange for the U.S. government's permission to introduce more U.S.-manufactured semiconductor equipment to its factory in Dalian, China. Sources familiar with the matter say that the plan also includes expanding production facilities in the U.S. and may use additional revenue generated by the Dalian factory to fund the new U.S. plant.
The Block
·2026-10-15 23:39:12
16
View More