Why "Coronavirus Stock" Zscaler Gained 12% in June

Why "Coronavirus Stock" Zscaler Gained 12% in June

Zscaler (NASDAQ: ZS) stock popped 11.6% in June, according to data from S&P Global Market Intelligence. In 2020, shares of the cloud-based security company (which held its initial public offering or IPO in March 2018) have gained 137% through Thursday, July 2. In Q3, revenue surged 40% year over year to $110.5 million, driven by Zscaler Private Access usage increasing over 10 times.