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. (ZS) is a global leader in cloud-native cybersecurity, providing organizations with Zero Trust security solutions for secure digital transformation. This page serves as Stock Titan's definitive source for official Zscaler news, including press releases, financial updates, and strategic developments impacting the cybersecurity landscape.
Key Resources for Stakeholders: Access real-time updates on Zscaler's product innovations, earnings reports, threat research, and partnerships. Investors gain insights into financial performance, while IT professionals discover technical advancements in Zero Trust architecture and cloud security.
News Coverage Includes: Quarterly earnings disclosures, new service launches (e.g., Zscaler Internet Access updates), executive leadership changes, cybersecurity threat analyses from ThreatLabz, and strategic collaborations shaping enterprise security standards.
Why Bookmark This Page: Stay informed about Zscaler's role in combating evolving cyber threats through its SaaS platform. Monitor critical developments affecting ZS stock performance and the $217B cybersecurity market. Check regularly for unfiltered access to primary source materials and market-moving announcements.
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.
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.
