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.
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.
Zscaler (NASDAQ: ZS) will release its first quarter fiscal year 2021 earnings on December 2, 2020, after market close. An investor conference call is scheduled for 1:30 p.m. PT to discuss the results. Investors can access the call via a live webcast on the company's website. A replay will be available from December 2 to December 9 through specific phone lines. Zscaler leads in cloud security, providing a robust platform that connects users and applications securely, protecting against cyber threats.
Zscaler (NASDAQ: ZS) announced a strategic partnership with VMware to enhance security in modern workplaces. This collaboration aims to simplify the implementation of a Secure Access Service Edge (SASE) architecture and Zero Trust security for global enterprises. Key benefits include:
- Industry leadership: Merging strengths of Zscaler and VMware.
- Product interoperability: Streamlined integration for security and networking.
- Joint customer support: Collaboration to foster customer success.
The partnership aims to focus on achieving outcomes rather than managing complex infrastructures.
Zscaler (NASDAQ: ZS) has announced a strategic partnership with VMware to enhance security in the evolving digital workplace. This collaboration aims to integrate cloud security and SD-WAN solutions, thus simplifying the adoption of a Secure Access Service Edge (SASE) architecture for large enterprises. Key benefits include improved interoperability of products, accelerated customer support through joint engagement, and the combination of both companies' expertise to secure users and data globally.
Zscaler (NASDAQ: ZS) has partnered with New York University Tandon School of Engineering to enrich the Master of Science in Cybersecurity Risk and Strategy program. This collaboration aims to equip students with practical knowledge in zero trust and secure access service edge (SASE) concepts, leveraging Zscaler’s technologies. The need for cybersecurity professionals is underscored by predictions of a two-million shortfall, exacerbated by COVID-19. Zscaler’s cloud security platform processes over 120 billion transactions daily, detecting around 100 million threats, serving over 4,500 customers globally.
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