The initial post-earnings decline in Zscaler (ZS) shares opened the door for investors to soon buy the cybersecurity stock, CNBC's Jim Cramer said Tuesday.
"When the smoke clears ... go back in because cybersecurity is still the hottest area in the U.S. economy," Cramer said on "Squawk on the Street."
Shares of Zscaler were about flat around noon ET at $191 each, well off their lows earlier in the session.
However, Cramer said investors were disappointed, in part, by a 37% quarter-over-quarter decline in total billings growth.
For Zscaler, Cramer said he's also looking past the billings metrics and more focused on the long-term opportunity for the company because digital security threats remain abundant.
Persons:
Jim Cramer, cybersecurity, Cramer, Jim Cramer's, he's
Organizations:
Palo Alto Networks, Trust, CNBC
Locations:
Zscaler, U.S, billings