Zscaler, Inc. - ZS STOCK NEWS

Zscaler (NASDAQ: ZS) has released the 2021 VPN Risk Report, revealing significant vulnerabilities in enterprise VPNs and the pressing need for a zero-trust security approach. The study, conducted in collaboration with Cybersecurity Insiders, surveyed over 350 cybersecurity professionals and found that 93% of companies use VPNs, yet 94% acknowledge their exploitation by cybercriminals. Major concerns included social engineering (75%), ransomware (74%), and malware (60%). As a result, 72% of organizations are shifting towards zero-trust models to enhance security, especially with the rise of remote work.

On February 25, 2021, Zscaler (NASDAQ: ZS) will release its second quarter fiscal year 2021 earnings following market close. An investor conference call is scheduled for 1:30 PM PT to discuss the results. Zscaler is a leader in cloud security, providing solutions that protect users and data through its Zero Trust Exchange platform. This platform is supported by a global infrastructure, ensuring robust cybersecurity for thousands of customers.

Zscaler (NASDAQ: ZS), a leader in cloud security, announced its management will present at key investor conferences in January 2021. The events are: the Goldman Sachs Technology & Internet Conference on January 12 at 1:30 p.m. PST and the Needham 23rd Annual Growth Conference on January 13 at 8:30 a.m. PST. A live and archived audio webcast of each presentation will be accessible via the Zscaler Investor Relations website.

Zscaler's Zero Trust Exchange safeguards customers from cyber threats, offering a robust security solution globally.

Zscaler (NASDAQ: ZS) has announced a virtual Analyst Day on January 11, 2021, at 7:30 a.m. PT. This event will feature Zscaler's management discussing the company's vision, go-to-market strategy, market opportunities, and financial outlook. Interested participants can register for the event here. A live webcast and replay will be available on the Investor Relations section of Zscaler’s website.

Zscaler is a leader in cloud security, providing a Zero Trust Exchange that protects users globally.

Zscaler, a leader in cloud security, has launched a Security Assessment Program to address the SolarWinds supply-chain attack. This program aims to help organizations assess their security posture and adapt to recommended best practices.

Utilizing its Zero Trust Exchange Platform, Zscaler enhances enterprise security by minimizing the attack surface and preventing lateral movement of threats. The program features expert guidance, including security audits, workload protection guidance, and the implementation of best practices. This initiative seeks to strengthen defenses against incidents like SUNBURST.

Zscaler (NASDAQ: ZS) has been recognized as the sole Leader in the Gartner December 2020 Magic Quadrant for Secure Web Gateways for the 10th consecutive year. The report highlights Zscaler's position as the furthest in ability to execute and highest in completeness of vision among 12 evaluated vendors. The company attributes its success to its multi-tenant, proxy-based architecture, which enhances digital transformation and security through a zero trust approach. Zscaler's global network includes over 150 data centers, cementing its status as a leader in cloud security.

Zscaler (NASDAQ: ZS) has launched Zscaler Cloud Protection, a new portfolio designed to enhance security for cloud workloads across any platform. This solution aims to minimize attack surfaces and automate security policies, enabling organizations to adopt a zero-trust approach effectively. Key features include secure configuration compliance, identity-based micro-segmentation, simplified app connectivity, and secure access without internet exposure. With over 90% of organizations exposing cloud services poorly, Zscaler addresses significant security gaps, promising a 90% reduction in policies and 30% cost savings compared to traditional methods.

For Q1 FY2021, Zscaler reported a 52% revenue growth year-over-year, reaching $142.6 million. Calculated billings increased by 64% to $144.7 million, while deferred revenue rose 51% to $371.9 million. Despite a GAAP net loss of $55.0 million, an increase from $17.1 million the previous year, non-GAAP net income improved to $20.0 million. Cash provided by operations was $53.5 million, or 38% of revenue. The company raised its fiscal year guidance, anticipating total revenue for FY2021 between $608 million and $612 million.

Zscaler, the leader in cloud security, is set to host a virtual investor product briefing during Zenith Live 2020. Scheduled for December 9, 2020, at 12:00 p.m. PDT, CEO Jay Chaudhry and other executives will unveil new innovations. A live webcast will be available on the company’s investor relations website. Zscaler's platform protects customers from cyber threats through its Zero Trust Exchange, making it the largest in-line cloud security platform worldwide.