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) has released its 2024 Ransomware Report, revealing an 18% increase in ransomware attacks year-over-year and a record-breaking ransom payment of US$75 million. The report highlights that the manufacturing industry was the most targeted, facing more than twice as many attacks as any other sector. The United States remains the top target, accounting for nearly 50% of all incidents globally.
The report identifies LockBit, BlackCat, and 8Base as the most active ransomware families. Zscaler emphasizes the need for organizations to prioritize Zero Trust architecture to strengthen their security posture against ransomware attacks. The company offers solutions to help enterprises stop ransomware at every stage of the attack cycle, including minimizing the attack surface, preventing initial compromise, eliminating lateral movement, and stopping data loss.
Zscaler (NASDAQ: ZS) has announced a collaboration with NVIDIA to leverage NVIDIA's AI technologies for delivering new AI-powered copilot services. This aims to enhance security and IT operations by using NVIDIA NIM inference microservices, NeMo Guardrails, and Morpheus framework to improve Zscaler's Zero Trust Exchange™ platform. The new Zscaler ZDX Copilot, equipped with NVIDIA NeMo Guardrails, will offer comprehensive performance insights, simplifying IT support and operations. The platform processes over 400 billion transactions daily, employing advanced AI for real-time threat detection. This collaboration positions Zscaler to enhance its security measures and quickly address cyber threats.
Zscaler has strengthened its partnership with Google to enhance zero trust security strategies by integrating their services with Chrome Enterprise, Google Workspace, and Google Security Operations.
This collaboration aims to eliminate the need for legacy VPNs, offering advanced data protection and security insights to millions of enterprise users. Zscaler's integration with Chrome Enterprise improves threat detection and access control, while its collaboration with Google Workspace prevents data exfiltration from apps like Gmail and Drive. Additionally, Zscaler's security telemetry shared with Google Security Operations enhances threat response capabilities.
Recent survey data highlights the risks of VPNs, with 56% of organizations experiencing VPN-related cyberattacks last year. Zscaler's solutions aim to reduce these risks and simplify zero trust adoption for enterprises. This partnership underscores Zscaler's commitment to providing seamless security measures without the complexities of traditional approaches.
Zscaler (NASDAQ: ZS), a leader in cloud security, has announced an innovations briefing for investors on June 12, 2024. This briefing will take place during Zscaler's Zenith Live 2024 event in Las Vegas. The event, scheduled from 10:15 a.m. PT to 1:00 p.m. PT, will be available via live webcast and replay on the Zscaler Investor Relations website.
Zscaler (Nasdaq: ZS) reported its fiscal Q3 2024 financials, showing a solid performance with a 32% YoY revenue increase to $553.2 million and a 30% YoY rise in calculated billings to $628 million. Deferred revenue grew 34% to $1,577 million. GAAP net income was $19.1 million, a notable turnaround from a $46 million loss last year, while non-GAAP net income rose to $139.8 million from $74.6 million. The company posted GAAP net income per share of $0.12 and non-GAAP net income per share of $0.88. Cash flow from operations increased to $173.4 million, and free cash flow reached $123.1 million. Zscaler also acquired Avalor Technologies and Airgap Networks to bolster its AI capabilities and Zero Trust SASE leadership. Looking ahead, Q4 revenue is expected to be $565-$567 million, with a full-year revenue forecast of $2.140-$2.142 billion.
On May 30, 2024, Zscaler announced that Persistent Systems has selected its Zero Trust Exchange™ platform to advance digital transformation and sustainability goals.
Persistent, a leader in digital engineering, sought Zscaler to enhance cybersecurity while reducing costs, complexities, and environmental impact. The initiative focuses on leveraging Zscaler's AI-driven cloud security to support 22,800 users across 21 countries.
The partnership has already yielded significant results, including a 35% increase in traffic yet shielding Persistent from 1.6 million security threats. Persistent benefits from reduced business risk and increased user productivity.
Zscaler, a leader in cloud security, has appointed James Beer to its Board of Directors and its audit committee. The board now comprises eight members. Beer brings significant experience in finance and strategy from his tenure at large global enterprises, including his recent role as CFO at Atlassian. This appointment aims to bolster Zscaler's long-term growth and leadership in zero trust cloud transformation.
Zscaler (NASDAQ: ZS), a leader in cloud security, announced its participation in the Bank of America Global Technology Conference on June 5, 2024, in San Francisco. The presentation, scheduled for 9:20 a.m. PT (12:20 p.m. ET), will be available via webcast on Zscaler's Investor Relations website. Investors and stakeholders can tune into the webcast for insights into Zscaler's strategic initiatives and financial performance.
On May 14, 2024, Zscaler (NASDAQ: ZS) announced enhancements to its AI Data Protection Platform, aiming to provide the industry's most comprehensive data protection solution. The platform now includes Data Security Posture Management (DSPM) for sensitive data protection across public clouds, context-rich GenAI App Security, and real-time Email DLP for corporate emails. These updates aim to address increasing security risks due to shadow AI and ransomware as enterprise AI/ML transactions have surged by 600% from April 2023 to January 2024. Zscaler's platform leverages over 500 trillion data points analyzed daily to improve visibility and security across multiple environments, including SaaS, IaaS/PaaS, endpoints, and on-premise networks.
Zscaler, Inc. (NASDAQ: ZS) will release its third quarter fiscal year 2024 earnings on Thursday, May 30, 2024, after the market closes. The company, a leader in cloud security, will host an investor conference call at 1:30 p.m. PT (4:30 p.m. ET) to discuss the results. Investors can join the call via webcast or dial-in. Details are available on the Zscaler website.
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