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.
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.
Zscaler reported a 46% increase in Q4 revenue year-over-year, reaching $125.9 million, with calculated billings up 55% to $194.9 million. However, the company posted a GAAP net loss of $49.5 million, compared to $5.3 million the previous year. Non-GAAP net income was $7.4 million, down from $9.1 million. For FY 2020, total revenue was $431.3 million, up 42%. Looking ahead, Zscaler expects Q1 2021 revenue between $131 million and $133 million, and FY 2021 revenue of $580 million to $590 million.
Zscaler, a leader in cloud security, announced new data protection innovations for its Zscaler Zero Trust Exchange, enhancing security for remote work. The updates include Cloud Access Security Broker, Cloud Security Posture Management, and Cloud Browser Isolation. Zscaler's platform, designed for a work-from-anywhere environment, processes 120 billion transactions daily and detects 100 million threats per day. The Zero Trust Exchange's capabilities align with global shifts towards remote work, ensuring strong security and user experience.
Zscaler, Inc. (NASDAQ: ZS) announced it will release its fiscal fourth quarter and year 2020 earnings on September 9, 2020, after market close. An investor conference call is scheduled for 1:30 p.m. Pacific time on the same day to discuss the results. Zscaler provides cloud security solutions that help organizations secure their networks in a mobile and cloud-first environment. Their services are cloud-delivered, enhancing user experience and security. More details and the webcast link can be found on their investor relations website.
Zscaler has announced that its Zscaler Internet Access™ (ZIA™) has achieved the Federal Risk and Authorization Management Program (FedRAMP) 'In Process' status at the High Impact level, sponsored by a U.S. Department of Defense Command. This certification allows federal agencies to securely transition to cloud services, enhancing internet and SaaS application security for users across any device or location. ZIA is recognized as a leader in secure web gateways and is designed to support zero trust security models.
Zscaler announced the pricing of $1.0 billion in 0.125% convertible senior notes due 2025, with a potential additional $150 million. The offering closes on June 25, 2020. These notes will mature on July 1, 2025, and have an initial conversion price of approximately $150.80 per share, representing a 37.5% premium over the stock's closing price on June 22, 2020. Net proceeds are estimated at $983 million, which will be used for general corporate purposes, including potential acquisitions. Capped call transactions are in place to offset potential dilution.
Zscaler, Inc. (Nasdaq: ZS) plans to offer $1.0 billion in convertible senior notes due 2025 in a private offering to qualified institutional buyers, with a potential additional $150 million. The notes will be unsecured and convertible into cash or stock at Zscaler's discretion. Proceeds will partly fund capped call transactions and support general corporate purposes, including working capital and potential acquisitions. The offering is subject to market conditions and won't be registered under the Securities Act.
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