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Zscaler, Inc. (NASDAQ: ZS) is a leading provider of cloud-native cybersecurity solutions designed to enable secure digital transformation for enterprises worldwide. Headquartered in San Jose, California, Zscaler operates at the forefront of the cybersecurity industry, focusing on Secure Access Service Edge (SASE) and Zero Trust Network Access (ZTNA) frameworks. The company's flagship platform, the Zscaler Zero Trust Exchange™, delivers secure, fast, and seamless connections between users, devices, and applications, regardless of their location or network, effectively replacing traditional network security appliances.
Core Offerings
Zscaler's product portfolio is anchored by two primary services:
- Zscaler Internet Access (ZIA): This solution provides secure access to external applications and the internet by inspecting all traffic to prevent cyber threats such as malware, ransomware, and phishing attacks. It also enforces data protection policies to prevent data leakage.
- Zscaler Private Access (ZPA): Designed for secure access to internal applications, ZPA eliminates the need for legacy VPNs by enabling direct, Zero Trust-based connections between users and applications.
Both services are delivered through a 100% cloud-based architecture, offering scalability, reduced complexity, and enhanced user experience compared to traditional hardware-based solutions. The platform is distributed across more than 150 global data centers, ensuring high availability and low latency for users in over 185 countries.
Business Model
Zscaler operates on a subscription-based Software-as-a-Service (SaaS) model, generating recurring revenue from enterprise customers. The platform's modular design allows organizations to adopt specific capabilities based on their needs, making it a flexible and cost-effective solution. By continuously updating its cloud infrastructure, Zscaler ensures that customers remain protected against the latest cybersecurity threats without the need for manual updates or hardware replacements.
Market Position
As a pioneer in cloud-delivered security, Zscaler has established itself as a key player in the cybersecurity industry. The company serves thousands of enterprises, including many Fortune 500 organizations and government agencies, across diverse sectors such as manufacturing, finance, technology, and retail. Its focus on Zero Trust principles aligns with the growing demand for secure digital transformation as enterprises increasingly adopt cloud-first strategies and remote work models.
Competitive Landscape
Zscaler competes with other cybersecurity providers such as Palo Alto Networks, CrowdStrike, Cisco, and Fortinet. The company's differentiation lies in its fully cloud-native architecture, which eliminates the need for on-premises hardware and simplifies security management. By leveraging advanced AI and machine learning capabilities, Zscaler enhances threat detection and response, providing a competitive edge in a rapidly evolving threat landscape.
Industry Impact
Operating in the cybersecurity industry, Zscaler addresses critical challenges such as data breaches, ransomware, phishing, and insider threats. The company's Zero Trust Exchange platform not only protects sensitive data but also enables organizations to embrace emerging technologies like AI and IoT securely. By facilitating secure access to applications and data, Zscaler empowers enterprises to innovate and scale without compromising security.
Conclusion
Zscaler's commitment to Zero Trust principles and its 100% cloud-delivered approach position it as a transformative force in the cybersecurity industry. Through its scalable, flexible, and robust solutions, Zscaler enables organizations to navigate the complexities of modern cybersecurity, ensuring secure and efficient digital transformation.
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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