Is Zscaler an Undervalued Cybersecurity Stock to Buy Right Now in October?

Zscaler, a cloud-based cybersecurity company, has seen its stock price decline by more than 50% from its 52-week high. Some analysts believe that the stock is undervalued and could be a good buy at current levels.

The proliferation of agentic AI, which can act autonomously and make decisions without human intervention, is increasing demand for cybersecurity services. Zscaler's platform, which provides secure access to applications and data, is well-positioned to benefit from this trend.