Jim Cramer Says SaaS Companies Like Zscaler Have Fallen Viciously Out of Favor on Wall Street

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Summary · why it matters

Jim Cramer commented on Zscaler's removal from the Nasdaq-100 during his Mad Money show, stating that software-as-a-service companies like Zscaler have fallen viciously out of favor on Wall Street. The Nasdaq-100 rebalancing will see Zscaler replaced alongside Verisk, Cognizant, Insmed, and Charter Communications, while Rocket Lab, Astera Labs, Teradyne, Nebius, and CoreWeave are added. Cramer noted that almost every SaaS company was down on the day, including Adobe. Zscaler provides cloud-based security through its zero-trust platform and threat-defense tools.

Impact on stocks 12

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Zscaler Inc
ZS
▼ Negativerelevance

Removed from Nasdaq-100 and described as fallen out of favor, no specific cause beyond sentiment.

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