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

3 days ago 5

Syeda Seirut Javed

Wed, June 17, 2026 astatine 11:38 AM CDT 1 min read

Zscaler, Inc. (NASDAQ:ZS) was among Jim Cramer's banal calls connected Mad Money, arsenic helium highlighted worthy abstraction players and reviewed respective of this year's IPOs. Cramer noted the company's exit from the Nasdaq-100, arsenic helium commented:

Then we person immoderate existent fireworks coming Thursday night. Thursday's the past trading time earlier the Nasdaq rebalances, the Nasdaq-100. They're adding Rocket Lab, Astera Labs, Teradyne, Nebius, and CoreWeave. And they're replacing Verisk, Cognizant, Insmed, Zscaler, and Charter Communications. Now, these scale admissions determination things, and I deliberation we should see, we gotta support way of the information that SpaceX is going to beryllium coming into the Nasdaq-100 precise soon. And you cognize what? I deliberation radical are going to proceed to bargain it due to the fact that they privation to play for this… Zscaler is simply a software-as-a-service company, and those person fallen viciously retired of favour connected Wall Street. Almost each 1 of them was down today, including Adobe.

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Zscaler, Inc. (NASDAQ:ZS) provides cloud-based information that protects users, applications, and information done its zero-trust level and threat-defense tools.

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