Zscaler, Inc. - ZS STOCK NEWS

Zscaler, Inc. (NASDAQ: ZS) has enhanced its Security Service Edge (SSE) cloud security platform with advanced AI/ML innovations to combat rising cyber threats. The company reports a 314% increase in cyberattacks on encrypted traffic and an 80% rise in ransomware incidents. Zscaler's platform inspects over 240 billion data transactions daily, blocking 150 million attacks, ensuring rapid threat response and improved user protection. New features include AI-powered phishing prevention, segmentation, and root cause analysis, streamlining security measures and enhancing the digital experience.

Zscaler has strengthened its collaboration with Amazon Web Services (AWS) by launching a new cloud-native application protection platform (CNAPP) called Posture Control™. This offering is designed to streamline security operations and enhance the transition to cloud environments by consolidating various security services into a single platform. Innovations include extending the Zscaler Zero Trust Exchange™ to protect workloads on AWS and enabling Zero Trust access for private 5G using AWS Wavelength. These developments aim to improve cloud security and mitigate risks for enterprises.

Zscaler (NASDAQ: ZS) has introduced its new Posture Control solution at Zenith Live, enhancing cloud-native application security. This agentless platform integrates with the Zscaler Zero Trust Exchange to help DevOps and security teams address risks in cloud workloads more effectively. The solution correlates key security issues and supports a unified approach to cloud security throughout the development lifecycle, enabling teams to prioritize and remediate risks efficiently. It aims to streamline operations and improve collaboration across security and development teams.

Securonix has unveiled a new technology integration with Snowflake and Zscaler at Snowflake Summit 2022, enhancing threat detection and response capabilities at cloud scale. The integration offers security teams improved access to security event logs stored in Snowflake, enabling advanced investigation and reporting. Securonix's partnership with Snowflake has seen substantial market traction, driven by the need for robust cybersecurity in an era of accelerated cloud transformation. The announcement reflects Securonix's dedication to pioneering cloud-native security analytics.

Zscaler (NASDAQ: ZS) announced an innovations briefing for investors to take place on June 22, 2022, during the Zenith Live 2022 event in Las Vegas, Nevada. The briefing will start at 11:30 a.m. PT (2:30 p.m. ET) and will include a live webcast available for replay on the company’s Investor Relations website. Zscaler aims to enhance digital transformation by providing cloud security solutions, including its Zero Trust Exchange, which provides protection against cyber threats.

Hyperscience has appointed Dali Rajic to its Board of Directors to enhance operational growth and revenue strategies. Rajic, currently the COO at Zscaler (NASDAQ: ZS), brings 25 years of experience in sales and operational roles. He aims to leverage Hyperscience’s AI technologies to drive customer value and organizational agility. The Board believes Rajic's operational excellence will be crucial for maximizing Hyperscience’s potential in transforming the automation market.

Zscaler, Inc. has released its annual Ransomware Report, indicating an 80% increase in ransomware attacks year-over-year. The manufacturing sector remains the most targeted, with nearly 20% of attacks aimed at this industry. However, the healthcare sector experienced a staggering 650% rise in attacks, followed by the restaurant and food service industry with a 450% increase. The report highlights tactics such as double-extortion and supply chain attacks, exacerbated by geopolitical tensions.

Zscaler reported a robust third quarter for fiscal year 2022, with a 63% increase in revenue year-over-year, totaling $286.8 million. Calculated billings also grew by 54% to $345.6 million, while deferred revenue surged by 65% to $818.7 million. Despite a GAAP net loss of $101.4 million, an increase from a loss of $58.5 million the previous year, non-GAAP net income reached $24.7 million, up from $21.4 million. The company raised its fiscal year guidance, anticipating total revenue of around $1.078 billion.

Zscaler and Siemens have launched the world’s first Zero Trust OT Security Platform, available globally to enhance secure digital transformations in factories. This solution combines Zscaler's cloud security capabilities with Siemens' SCALANCE LPE platform, enabling secure remote access for operational technology (OT) environments. The partnership emphasizes the need for enhanced security in light of increasing cyberattacks, allowing for safer factory automation. Key features include privileged access, seamless integration, and robust SaaS solutions through Zscaler’s security cloud.