Zscaler stock falls as execs focus on ‘challenging’ environment after beat-and-raise earnings

Zscaler Inc.’s shares swung to a loss in the extended session Tuesday after the cybersecurity company’s strong quarter and outlook topped Wall Street’s expectations but executives said deals were taking longer to close in the current business environment.

Zscaler shares ZS swung to a loss after hours about 10 minutes into prepared remarks from Chief Executive Jay Chaudry, around the time he noted the company was executing well “while the macro environment remains challenging,” racking up accolades like gross margins above…