Zscaler, Inc. - ZS STOCK NEWS

Zscaler, Inc. (NASDAQ: ZS) will announce its first quarter fiscal year 2022 earnings on December 1, 2021, after the market closes. The company will hold an investor conference call at 1:30 p.m. PT to discuss the results. Zscaler is recognized as a leader in cloud security, providing the Zscaler Zero Trust Exchange, which protects users, devices, and applications from cyber threats. The platform is supported by over 150 data centers globally, ensuring robust security for thousands of customers.

Zscaler, recognized as a leader in cloud security, has received Provisional Authorization To Operate (P-ATO) at Impact Level 5 (IL5) from the Department of Defense (DoD) for Zscaler Private Access™ (ZPA™). This authorization allows government agencies to securely manage sensitive data using Zscaler's Zero Trust platform, enhancing cybersecurity for Controlled Unclassified Information (CUI) and unclassified National Security Systems (NSSs). Zscaler's solutions aim to reduce cyber risk as the DoD adopts modern cloud strategies.

Zscaler (NASDAQ: ZS) has reported a staggering rise in cyber attacks, with threats over HTTPS increasing by more than 314% year-over-year. The tech industry faced a 2,300% surge in attacks, while retail and wholesale saw an 800% increase. The State of Encrypted Attacks Report revealed that Zscaler blocked over 20 billion threats from January to September 2021. In contrast, attacks on healthcare decreased by 27%. The report emphasizes the urgent need for zero trust security models to combat these escalating threats.

Zscaler has expanded its partnership with CrowdStrike to enhance cybersecurity measures by integrating their solutions. This collaboration allows Zscaler's ZIA to leverage CrowdStrike's Zero Trust Assessment device scores, improving access control and security for users working remotely. Additionally, Zscaler will join the CrowdXDR Alliance to boost visibility and threat detection. Key benefits for customers include better app access control, greater network visibility, and seamless telemetry sharing for threat detection. These enhancements aim to protect against rising ransomware threats and identity theft.

TD SYNNEX has announced a partnership with Zscaler to provide security solutions through the Zscaler Zero Trust Exchange platform. This collaboration will enable TD SYNNEX's partners to access enhanced security offerings, enhancing their digital transformation efforts amidst rising cyber threats. The partnership aims to expand channel partnerships, with a focus on cloud-enabled architecture that supports transition from on-premise models. TD SYNNEX serves over 150,000 customers globally and is committed to delivering comprehensive IT solutions that drive business growth.

Zscaler (NASDAQ: ZS) has announced a partnership with Siemens to enhance secure remote access to Operational Technology (OT) systems. This collaboration aims to implement a Zero Trust security model within office and production networks, allowing users to manage quality assurance remotely. The integration involves the Zscaler Private Access™ (ZPA™) app connector for cloud-based services, ensuring reduced threat exposure and lower operational costs. This offering is now available to customers, enhancing efficiency and security in industrial environments.

Zscaler reported fiscal Q4 2021 with revenue of $197.1 million, up 57% year-over-year. Calculated billings reached $332.2 million, a 70% increase. Deferred revenue also grew to $630.6 million, up 71%. However, the company reported a GAAP net loss of $81.0 million compared to an $49.5 million loss the previous year. Despite the losses, non-GAAP net income rose to $20.3 million. For fiscal 2022, Zscaler expects revenue between $940 million and $950 million.

Zscaler has appointed Eileen Naughton to its board of directors, expanding the board to eight members. Naughton brings extensive experience from her previous role as Chief People Officer at Google and various senior positions there since 2006. Her leadership in fostering company culture at large technology firms is expected to support Zscaler's growth strategy and contribute to its mission of enhancing customers' secure digital transformation. Zscaler continues to lead in cloud security, operating the world’s largest in-line cloud security platform.

Zscaler (NASDAQ: ZS), a leader in cloud security, has announced its participation in several upcoming investor conferences. Key events include the Deutsche Bank Technology Conference on September 10, 2021, the Piper Sandler Global Technology Conference on September 14, 2021, and Citi’s 2021 Global Technology Virtual Conference on September 15, 2021. Presentations will be available for webcast on the Investor Relations section of Zscaler's website. The company focuses on accelerating digital transformation and providing protection against cyberattacks through its Zero Trust Exchange platform.