Zscaler posts wider quarterly loss on higher spending; shares down 9%

Zscaler on Thursday posted a wider net loss in the second quarter, citing higher spending on sales, marketing, and research and development in a competitive market, sending shares of ‌the cloud ⁠security firm ⁠down roughly 9% in extended trading.

The results come when IT budgets remain tight and clients spend ​cautiously on large deals amid economic uncertainty, even though cybersecurity budgets face less pressure ​than general capital outlays.