Zscaler, Inc. - ZS STOCK NEWS

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.

Zscaler (NASDAQ: ZS), a leader in cloud security, announced upcoming presentations at three major investor conferences. The events include the Credit Suisse Technology Conference on December 3, 2020, the UBS Global TMT Conference on December 7, 2020, and the Barclays Global Technology, Media and Telecommunications Conference on December 10, 2020. Each presentation will be accessible via a live and archived audio webcast on Zscaler's Investor Relations website. Zscaler's Zero Trust Exchange is recognized for protecting thousands of customers from cyber threats.

Zscaler (NASDAQ: ZS) announced its virtual event Zenith Live 2020, taking place December 8-9 in the Americas, December 9-10 in Europe, and December 15-16 in Asia Pacific. The event centers on cybersecurity, Zero Trust, and digital transformation, featuring executives from Siemens, Takeda, and more. Attendees will gain insights from keynotes and workshops, with a focus on real-world best practices. Zscaler emphasizes customer-obsession and will unveil significant company news during the event. Registration is available for free.

Zscaler (NASDAQ: ZS) has appointed Chris Kozup as Chief Marketing Officer to lead its global marketing strategy. With over 20 years in enterprise technology marketing, Kozup aims to enhance Zscaler's growth amid increasing demand for cloud security solutions. Previously, he held top marketing roles at Aruba, Nutanix, and Cisco. The CEO, Jay Chaudhry, expressed confidence in Kozup's customer-centric approach, believing it will accelerate Zscaler's efforts to bolster customer reach and engagement during a crucial phase of digital transformation.

Zscaler released its 2020 State of Encrypted Attacks report, revealing a staggering 260% increase in encrypted attacks, affecting key sectors including healthcare (1.6 billion attacks), finance (1.2 billion), and manufacturing (1.1 billion). The report highlights a 5x surge in ransomware attacks since March 2020, with phishing attempts nearing 200 million. Notably, 30% of SSL-based attacks were delivered through trusted cloud providers. Zscaler emphasizes the necessity of SSL inspection to safeguard against these escalating threats.