Zscaler, Inc. - ZS STOCK NEWS

Zscaler (NASDAQ: ZS) released its ThreatLabz 2024 Encrypted Attacks Report, revealing that over 87% of cyberthreats were delivered through encrypted channels between October 2023 and September 2024, marking a 10% year-over-year increase.

Key findings show that malware accounted for 86% of encrypted attacks with 27.8 billion hits, up 19% year-over-year. Manufacturing was the most targeted industry (42% of attacks), followed by technology and communications. The United States (11B attacks) and India (5.4B attacks) were the top targeted countries.

The report highlights significant increases in web-based attacks, including cryptomining (123%), cross-site scripting (110%), and phishing (34%). Zscaler recommends implementing zero trust architecture with TLS/SSL inspection to effectively detect and block threats while protecting data.

Zscaler (ZS) reported Q1 fiscal 2025 results with revenue growing 26% year-over-year to $628.0 million. Calculated billings increased 13% to $516.7 million, while deferred revenue grew 27% to $1,783.7 million. The company reduced its GAAP net loss to $12.1 million from $33.5 million year-over-year, while non-GAAP net income reached $124.3 million. Free cash flow was $291.9 million, representing 46% of revenue. The company's cloud security platform achieved a milestone of processing over half a trillion daily transactions. For Q2 FY2025, Zscaler expects revenue between $633-635 million and non-GAAP net income per share of $0.68-$0.69.

Zscaler (NASDAQ: ZS), the cloud security leader, has announced its participation in several upcoming investor conferences. The schedule includes presentations at: the UBS Global Technology and AI Conference in Scottsdale (December 4th, 8:35 a.m. PT), the Scotiabank Annual Global Technology Conference in San Francisco (December 10th, 10:30 a.m. PT), the Barclays Annual Global Technology Conference in San Francisco (December 11th), and the Needham Growth Conference (January 9-10th, 2025). Webcasted sessions will be accessible through Zscaler's Investor Relations website.

Zscaler (NASDAQ: ZS) has launched the industry's first Zero Trust Segmentation solution to enhance security and cost-effectiveness across branches, factories, and clouds. The new solution prevents ransomware attacks while eliminating the need for traditional firewalls, network access control, SD-WAN, and site-to-site VPNs, potentially reducing infrastructure costs by up to 50%. The technology, integrated from the recent AirGap acquisition, allows organizations to secure communications between users, devices, and workloads across distributed locations through the Zscaler Zero Trust Exchange™ platform. The solution currently supports AWS and Azure, with GCP support planned for February 2025.

Zscaler (NASDAQ: ZS) has announced it will release its first quarter fiscal year 2025 earnings after market close on Monday, December 2, 2024. The company will host an investor conference call at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the results. Investors can join via webcast at ir.zscaler.com or by phone after registering through the provided link. Participants are advised to dial in at least 10 minutes before the start time.

Zscaler and Okta announced four new integrations at Oktane2024 to enhance enterprise cybersecurity and accelerate zero trust transformation. These integrations aim to reduce risk, improve user experience, and enable cross-domain response through shared telemetry and threat intelligence. The new offerings include:

1. Adaptive Access Policy Enforcement: Enforces context-based access policies that dynamically adjust based on user risk context.
2. Dynamic Step-Up Authentication: Triggers additional authentication when risky user behavior is detected.
3. Security Data Contextualization and Unified Vulnerability Management: Provides real-time insights into vulnerabilities across the enterprise ecosystem.
4. Zero Trust Partner Access: Enables secure, agentless access to web applications for external users and partners.

These integrations aim to strengthen zero trust security posture in complex risk environments, focusing on managing user identities and enforcing adaptive access controls.

Zscaler's ThreatLabz 2024 Mobile, IoT, and OT Threat Report reveals significant cybersecurity risks in the mobile and IoT/OT landscape. Key findings include:

1. Over 200 malicious apps identified in the Google Play Store with 8+ million installs.
2. 111% growth in spyware and 29% growth in banking malware.
3. 45% increase in IoT malware transactions blocked by Zscaler cloud.
4. Technology, education, and manufacturing sectors most targeted.
5. The US remains the top target for IoT cyberattacks, while India leads in mobile malware threats.

The report emphasizes the need for organizations to adopt zero trust architecture to secure mobile devices, IoT devices, and OT systems in today's hybrid-work environments.

Zscaler, Inc. (NASDAQ: ZS) announced that its Zero Trust Exchange™ cloud security platform has surpassed half a trillion daily transactions, nearly 60 times greater than Google's daily searches. This milestone highlights the platform's scalability, resilience, and customer trust. The platform serves 8,600+ customers and 47+ million users, focusing on four key areas: Scale, Resilience, Performance, and Zero Trust Connectivity.

Zscaler's platform uses advanced AI models to analyze security signals from these transactions in real-time, providing superior threat detection, prevention, and response capabilities. The company's global network of over 160 hosted Zero Trust Exchange edges ensures optimal performance for enterprises worldwide. CEO Jay Chaudhry emphasized Zscaler's consistent investment in cloud security operations and its introduction of a Business Continuity service for uninterrupted customer operations.

Zscaler, Inc. (NASDAQ: ZS) has announced the appointment of Adam Geller as Chief Product Officer to drive the company's next phase of innovation and growth. With over 25 years of experience in cybersecurity, Geller brings extensive product and engineering expertise to Zscaler. CEO Jay Chaudhry expressed excitement about Geller joining the team, highlighting his integral role in Exabeam's growth and his experience in developing cloud-scale security operations platforms.

Geller's background includes leadership positions at Exabeam, Palo Alto Networks, and NTT Communications. He has a strong track record in understanding customer challenges and delivering innovative solutions. In his new role, Geller aims to grow Zscaler beyond $5 billion in ARR through current and future product offerings powered by AI & ML. He emphasized Zscaler's unique position at the intersection of users, devices, and applications, which provides valuable insights into identity, behavior, and intent.