Welcome to our dedicated page for Zscaler news (Ticker: ZS), a resource for investors and traders seeking the latest updates and insights on Zscaler stock.
Zscaler, Inc. (NASDAQ: ZS) is a leading provider of cloud-native cybersecurity solutions, helping organizations securely transform their networks and applications for a mobile and cloud-first world. Headquartered in San Jose, California, Zscaler went public in 2018 and has since been recognized for its innovative approach to Security Service Edge (SSE). The company's flagship services, Zscaler Internet Access and Zscaler Private Access, establish fast and secure connections between users and applications, independent of device, location, or network.
Utilizing a 100% cloud-delivered platform, Zscaler offers enhanced security and a superior user experience that traditional or hybrid solutions cannot match. The Zscaler Zero Trust Exchange™ platform, distributed across more than 150 global data centers, protects thousands of enterprises and government agencies from cyberattacks and data loss by securely connecting users, devices, and applications.
Recently, Zscaler was honored in the inaugural Forrester Wave™ for SSE, recognized as an early innovator in much of the technology now categorized under SSE, including cloud-delivered Secure Web Gateway (SWG) and digital experience management.
In partnership with BT Group, Zscaler is enhancing its position in the market by providing AI-powered zero trust solutions to both private and public sector customers. This collaboration aims to support BT's managed service offerings, helping customers navigate their digital transformation securely.
Additionally, Zscaler's 2024 AI Security Report highlights the firm's role in analyzing AI/ML transactions, revealing significant growth in AI tool adoption and underscoring the critical need for secure AI usage. The company's ThreatLabz Phishing Report further emphasizes the necessity of a robust Zero Trust architecture, given the rise in sophisticated phishing attacks driven by generative AI.
Zscaler continues to innovate with products like Zscaler Digital Experience (ZDX) Copilot and Zscaler Hosted Monitoring, which provide real-time performance insights and continuous monitoring, improving operational efficiency for IT and security teams.
By partnering with Google, Zscaler is facilitating secure access to private applications without traditional VPNs, leveraging Chrome Enterprise for enhanced security and performance. The collaboration ensures that enterprises can safely adopt new technologies while maintaining robust data protection and threat response capabilities.
Zscaler (NASDAQ: ZS) has announced new integrations with ServiceNow, enhancing data visibility, access control, and security for the hybrid workforce. This collaboration allows customers to leverage zero trust architectures for improved data protection and quick threat response. Key features include native ingestion of Zscaler's threat intelligence, the ability to prevent unmanaged devices from accessing sensitive data, and streamlined incident response workflows. These improvements aim to bolster compliance and support businesses transitioning to secure digital environments.
Zscaler, a leader in cloud security, reported impressive financial results for Q3 FY2021, with revenue increasing 60% year-over-year to $176.4 million and calculated billings rising 71% to $225 million. Despite a GAAP net loss of $58.5 million, non-GAAP net income rose to $21.4 million. Deferred revenue also grew by 65% to $495.4 million. The company announced its acquisition of Trustdome and Smokescreen Technologies, enhancing its security solutions, and maintains strong cash flow with free cash flow at $55.8 million. Zscaler forecasts continued growth for Q4 and the full year.
Zscaler (NASDAQ: ZS) has announced its acquisition of Smokescreen Technologies, a leader in active defense and deception technology. This move aims to amplify Zscaler's Zero Trust Exchange capabilities, enhancing detection of advanced cyber threats and ransomware. The transaction, pending standard closing conditions, is expected to finalize in fiscal Q4 2021. The integration of Smokescreen's technology aligns with proactive security measures, allowing Zscaler's clients to better thwart sophisticated attacks and improve overall threat intelligence.
Zscaler (NASDAQ: ZS) announced the upcoming Zenith Live 2021 event, showcasing how Fortune 500 IT leaders successfully adopted Zero Trust security models. Scheduled for June 15-23, it will feature over 50 sessions focusing on cybersecurity training and innovations. Keynote speakers include top executives from renowned organizations. Zscaler was recently named Zero Trust Champion of the Year at Microsoft’s awards, underscoring its leadership in secure digital transformation. The event aims to equip businesses with strategies to enhance their cybersecurity measures.
Zscaler (NASDAQ: ZS) announced its participation in several upcoming investor conferences. The events include the J.P. Morgan Technology, Media & Communications Conference on May 26, Bernstein's Strategic Decisions Conference on June 4, Bank of America Global Technology Conference on June 8, Baird's Global Consumer, Technology & Services Conference on June 10, and Mizuho Cybersecurity Summit on June 15. Webcasts for sessions will be available on Zscaler's Investor Relations website, enhancing transparency for investors.
Zscaler, Inc. (NASDAQ: ZS) released a new ransomware report analyzing trends and tactics of active ransomware families, resulting in $1.4B in ransom demands. The ThreatLabz team examined over 150 billion platform transactions and 36.5 billion blocked attacks between November 2019 and January 2021. The report reveals a worrying rise in double-extortion attacks, particularly targeting industries like manufacturing (12.7%) and services (8.9%). With average payouts of $1.45M per incident, ransomware is classified as a national security threat, emphasizing the need for robust cybersecurity measures.
Zscaler, Inc. (NASDAQ: ZS) will release its third quarter fiscal year 2021 earnings on Tuesday, May 25, after the market closes. An investor conference call will follow at 1:30 p.m. Pacific time to discuss the results. Interested parties can access the call via webcast at https://ir.zscaler.com. A replay will be available starting at 4:30 p.m. PT on the same day until June 1, 2021. Zscaler is known for its cloud security solutions and operates the world's largest in-line cloud security platform, protecting thousands of customers globally.
Zscaler (NASDAQ: ZS) announced innovations for its Zero Trust Exchange platform, aimed at enhancing digital security for modern businesses. The introduction of new security solutions, resources for IT executives, and deployment programs aims to facilitate zero trust adoption, addressing the challenges posed by the shift to cloud-based operations. Key offerings include the Zscaler ZPA Private Service Edge, Cloud Browser Isolation, and automated policy management tools, which collectively simplify secure access to applications while mitigating cyber threats.
Zscaler (NASDAQ: ZS) announced its acquisition of Trustdome, a leader in Cloud Infrastructure Entitlement Management (CIEM). This move aims to enhance Zscaler's Cloud Protection capabilities, integrating Trustdome's CIEM technology with Zscaler's existing Cloud Security Posture Management platform. The transaction will also establish Zscaler's first R&D center in Israel, further expanding its global presence. The acquisition is expected to close before the end of Zscaler's fiscal third quarter, pending customary conditions.
Zscaler (NASDAQ: ZS) announced the implementation of its Zscaler Internet Access™ (ZIA™) and Zscaler Private Access™ (ZPA™) products by the State of Oklahoma's Office of Management and Enterprise Services (OMES). This deployment aims to support 30,000 teleworking employees by enhancing security and managing increased remote access demands during the pandemic. With Zscaler's cloud-based solutions, the state improved VPN efficiency by five to six times and reduced service desk tickets, significantly enhancing user experience and productivity.
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