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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, 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.
Zscaler (NASDAQ: ZS) and CrowdStrike (NASDAQ: CRWD) have expanded their strategic partnership to enhance security through new integrations, emphasizing a zero trust approach. This collaboration enables secure access to applications from any endpoint and automates access policy enforcement. The CrowdStrike Zero Trust Assessment allows dynamic access control based on real-time security assessments, significantly reducing organizational risks. Key benefits include improved defense for remote workers, reduced malware propagation, and enhanced response times to threats.
Zscaler reported a 55% year-over-year increase in revenue, reaching $157.0 million and a 71% rise in calculated billings to $232.0 million for Q2 FY2021. However, the GAAP net loss expanded to $67.5 million from $29.2 million a year prior. Non-GAAP net income slightly increased to $14.0 million. Deferred revenue grew by 60% year-over-year, totaling $446.8 million. Zscaler expects Q3 revenue between $162 million and $164 million, with a full-year forecast of $634 million to $638 million.
Zscaler (NASDAQ: ZS), a leader in cloud security, announced its participation in several upcoming investor conferences. Notable events include the JMP Securities Technology Conference on March 1, 2021, and the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021. Other conferences include the Credit Suisse Software Investor Day on March 8 and the Truist Securities Technology Conference on March 9. Webcasts of the presentations will be available on Zscaler's Investor Relations section.
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.
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