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 released its 2023 ThreatLabz Phishing Report, highlighting a 50% increase in global phishing attacks in 2022 compared to 2021. The education sector was the most targeted, with a staggering 576% rise in attacks, followed by finance and government. Major brands such as Microsoft, Binance, and Netflix were frequently impersonated in these phishing campaigns. The report also noted that AI tools, including ChatGPT, have facilitated the surge in phishing activities by lowering technical barriers for cybercriminals. The U.S. remains the top target, accounting for over 65% of phishing attempts. The report emphasizes the need for organizations to adopt a Zero Trust architecture to safeguard against evolving threats.
Zscaler has been recognized as a Leader in the 2023 Gartner Magic Quadrant for Security Service Edge (SSE) for the second consecutive year. This recognition emphasizes the company's commitment to advanced cloud security solutions, crucial for secure digital transformation.
Zscaler's extensive global network, multiple Points of Presence (PoPs), and key accreditations such as FedRAMP High, C5, IRAP, and UK Cyber Essentials contribute significantly to its leadership position. The company also boasts a robust partner ecosystem with powerful API integrations, enhancing its security capabilities.
CEO Jay Chaudhry highlighted the expansion of SSE to cover not only users but also workloads and IoT, promoting a comprehensive security strategy. Additionally, Zscaler received the 2022 Customers’ Choice recognition in the SSE category on Gartner Peer Insights™, marking its strong customer satisfaction.
Zscaler, Inc. (NASDAQ: ZS) has announced enhancements to its Zscaler Posture Control™ platform, integrating data loss prevention (DLP) and ThreatLabz threat intelligence for improved cloud risk management. This advancement enables the only CNAPP solution to provide a precise understanding of cloud risks by correlating sensitive data discovery with security signals. Organizations can now efficiently identify, prioritize, and mitigate risks, helping to secure sensitive data while optimizing resource use. The enhancements are set to roll out by June 2023, providing critical support for teams managing extensive cloud security operations.
Zscaler, Inc. (NASDAQ: ZS) announced the appointment of Karl Soderlund as Senior Vice President, Worldwide Partners, and Alliances on March 10, 2023. Soderlund, with a history at Palo Alto Networks, will enhance Zscaler's partner program and develop a competitive go-to-market strategy. The partner program, crucial to Zscaler's operations, generates 95% of the company's business. Soderlund brings extensive experience from major firms including Aruba Networks and Cisco Systems, aiming to leverage a $72B market opportunity. His proven track record in partner program execution is expected to drive company growth.
Zscaler, Inc. reported robust financial results for Q2 FY2023, achieving revenue growth of 52% year-over-year, totaling $387.6 million. The company also saw calculated billings rise by 34% to $493.8 million and deferred revenue increase by 46% to $1,111.9 million. Notably, GAAP net loss improved to $57.5 million from $100.4 million in the previous year, with non-GAAP net income reaching $57.6 million, up from $19.2 million. The company increased its fiscal year revenue guidance, reflecting strong customer interest in its security platform amidst a challenging economic environment.
On February 17, 2023, Zscaler (NASDAQ: ZS) announced its participation in two upcoming investor conferences scheduled for early March. The first event is the Morgan Stanley TMT Conference in San Francisco on March 6, 2023, at 8:00 a.m. PST (11:00 a.m. EST). The second is the JMP Technology Conference, also in San Francisco, on March 7, 2023, featuring 1x1 investor meetings. Interested parties can access webcasts of the sessions via the "Events & Presentations" section on the Zscaler Investor Relations website. Zscaler specializes in cloud security, providing resilient protection against cyber threats through its globally distributed Zero Trust Exchange.
Zscaler Announces Acquisition of Canonic Security to Enhance SaaS Security
On February 14, 2023, Zscaler (NASDAQ: ZS) revealed plans to acquire Canonic Security, a leader in SaaS application security. This acquisition aims to boost Zscaler's capabilities in combating SaaS supply chain attacks by enhancing security for critical SaaS platforms like Microsoft 365 and Salesforce. The integration is expected to streamline security management and reduce costs by consolidating existing tools. The acquisition aims to address a significant gap in protection against SaaS-native threats, amidst a growing SaaS market projected to reach $176.6 billion in spending.
Zscaler, Inc. (NASDAQ: ZS) is set to release its Q2 fiscal year 2023 earnings on March 2, 2023, after market close. The company will host an investor conference call at 1:30 p.m. PT to discuss the financial results. Zscaler, a leader in cloud security, enables businesses to securely connect users, devices, and applications through its Zero Trust Exchange, the world's largest in-line cloud security platform. This conference call is crucial for investors to gain insights into the company's performance and future outlook.
Zscaler, Inc. (NASDAQ: ZS) announces the launch of Zscaler Resilience, enhancing its cloud security platform to ensure business continuity during unforeseen events. The new capabilities include Disaster Recovery, Dynamic Performance-based Selection, and Customer-controlled Data Center Exclusion, allowing organizations to maintain access to critical applications despite disruptions. This initiative is vital for enterprises that rely on uninterrupted operations, particularly in sectors like renewable energy. With Zscaler's long-standing reputation for reliability, this advancement emphasizes their commitment to customer support and resilience in cloud operations.
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