Zscaler, Inc. - ZS STOCK NEWS

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.

Zscaler, leader in cloud security, announced its participation in several upcoming investor conferences. The events include the Loop Software Conference on June 1, Bank of America’s 2022 Global Technology Conference on June 8 at 8:00 a.m. PT, and the Mizuho Cybersecurity Summit on June 13 with virtual 1x1 meetings. Webcast sessions will be available on Zscaler's Investor Relations website. Zscaler's Zero Trust Exchange secures connections for users globally, backed by over 150 data centers.

Zscaler, Inc. (NASDAQ: ZS) is set to release its third quarter fiscal 2022 earnings on May 26, 2022, after the market closes. An investor conference call will follow at 1:30 p.m. PT to discuss the results. Interested parties can join the call via webcast or by dialing 918-922-3018. A replay will be available from May 26 to June 2, 2022. Zscaler continues to lead in cloud security, leveraging its Zero Trust Exchange to protect customers globally.

Zscaler announces the appointment of Brendan Castle as Chief People Officer, succeeding Greg Pappas. With over 30 years in senior management and employee operations, Castle aims to enhance Zscaler's People and Culture organization. His experience includes leading Google's global recruiting for 3,000 employees and managing human resources at Citigroup. Zscaler is focused on rapid growth and attracting top talent in the cloud security space. CEO Jay Chaudhry emphasized the importance of a strong culture to support company innovation and employee success.

The 2022 ThreatLabz Phishing Report by Zscaler reveals a staggering 29% increase in global phishing attacks, totaling 873.9 million incidents. The retail sector is the most affected, witnessing an increase of over 400% in phishing attacks, particularly in regions like the US, Singapore, and Germany. The report highlights a troubling rise in phishing-as-a-service, making attacks more accessible to criminals. To counteract such threats, Zscaler emphasizes the importance of adopting a zero trust security model and using advanced AI/ML technologies for defense.

Zscaler, Inc. (NASDAQ: ZS) enhances its Zero Trust Exchange with three innovative capabilities aimed at reinforcing cloud security.

These include Private App Protection, Integrated Deception, and Privileged Remote Access, enabling organizations to effectively minimize attack surfaces and counter threats.

The updates address the growing trend towards cloud applications and remote work, aligning with the increasing demand for more robust security architectures.

Zscaler, Inc. (Nasdaq: ZS) reported a 63% year-over-year increase in revenue, reaching $255.6 million for Q2 of fiscal year 2022. Calculated billings grew 59% to $367.7 million, while deferred revenue rose 70% to $759.9 million. Despite these gains, the company recorded a GAAP net loss of $100.4 million, worsening from $67.5 million the previous year. Non-GAAP net income was $19.2 million, up from $14.0 million. For Q3, Zscaler anticipates revenue between $270 million and $272 million.