Zscaler, Inc. - ZS STOCK NEWS

Zscaler releases its 2022 State of Encrypted Attacks Report, revealing a 20% increase in security threats, with over 85% of attacks using encrypted channels. Key findings include that malware is the leading threat, contributing to 90% of encrypted tactics. Targeted industries include manufacturing and education, experiencing 239% and 134% attack increases, respectively. Conversely, retail and government attacks fell by 63% and 40%. With Zscaler blocking 24 billion threats, the report emphasizes the need for zero trust architecture.

Zscaler has been selected by the Women’s Tennis Association (WTA) to implement its Zero Trust Exchange as part of the organization's transition from traditional security models to a cloud-first architecture. This collaboration aims to enhance security for the WTA’s mobile workforce, comprised of over 1600 players. The implementation promises faster and more secure access to applications, reducing the attack surface and operational costs. Zscaler's services include Internet Access, Private Access, and Digital Experience, all essential for the WTA’s digital transformation journey.

Zscaler highlights a global shift towards zero trust architecture among organizations migrating to the cloud, with over 90% implementing or planning to implement such systems. Despite this, only 22% of IT leaders are fully confident in their cloud leverage, revealing significant potential for improvement. The 2023 Zero Trust Transformation report indicates that 68% of leaders see traditional security measures as inadequate, further cementing Zero Trust Network Access (ZTNA) as a priority for secure remote access. A significant 52% believe zero trust improves user experience in hybrid work styles.

Zscaler reported a 54% year-over-year revenue growth to $355.5 million in Q1 FY2023, with calculated billings at $340.1 million, up 37%. Deferred revenue increased by 55% to $1,005.7 million. The company's GAAP net loss improved to $68.2 million from $90.8 million year-over-year. Non-GAAP net income hit $44.0 million, marking significant growth from $21.0 million in the prior year. Zscaler also announced its achievement of FedRAMP High authorization and the acquisition of ShiftRight, enhancing its security offerings.

Zscaler, Inc. (NASDAQ: ZS) has achieved FedRAMP Moderate authorization for its Zscaler Private Access (ZPA)™ service, securing its position as the only cloud security provider with complete FedRAMP authorization across all core solutions. This certification allows U.S. government agencies and contractors to protect sensitive data against cyber threats using Zscaler's Zero Trust Exchange platform. The platform processes over 250 billion transactions daily, stopping more than seven billion threats. Zscaler aims to enhance federal cyber defenses further, leveraging its extensive operational experience.

SAN JOSE, Calif., Nov. 17, 2022 (GLOBE NEWSWIRE) -- Zscaler (NASDAQ: ZS), a leader in cloud security, announced its participation in several upcoming investor conferences. The details are as follows:

• UBS Global TMT Conference: December 5, 2022, at 6:10 a.m. PST
• NASDAQ Investor Conference in London: December 6, 2022, at 1:30 a.m. PST
• Needham Growth Conference: January 12, 2023, with an updated time to be provided.

Webcasts will be accessible via the Zscaler Investor Relations website.

Zscaler, Inc. (NASDAQ: ZS) is set to release its first quarter fiscal year 2023 earnings on December 1, 2022, after market close. The company will host an investor conference call at 1:30 p.m. PT (4:30 p.m. ET) on the same day to discuss its financial results. Zscaler, a leader in cloud security, provides solutions that support secure digital transformation for customers globally through its Zero Trust Exchange. This platform safeguards users and data against cyber threats.

Zscaler (NASDAQ: ZS) announced new integrations with Zoom that enhance collaboration capabilities by connecting the Zscaler Digital Experience™ (ZDX) with Zoom's Quality of Service Subscription (QSS). This integration provides IT and helpdesk teams with real-time quality performance metrics, aiding in troubleshooting and improving productivity for hybrid workers. Key benefits include enterprise-wide analytics, real-time detection of issues, and automated configurations to enhance the Zoom experience. The solutions will be showcased at Zoomtopia 2022.

Zscaler (NASDAQ: ZS) continues to support The Arc Mid-Hudson, its long-term customer, in enhancing data protection and compliance for healthcare information. The Arc Mid-Hudson, a not-for-profit organization, has utilized the Zscaler Zero Trust Exchange™ since 2007 to secure its workforce and transition to a mobile service model. Zscaler's technology provides fast and secure access for over 1,230 employees across 50 remote sites, ensuring compliance with HIPAA and the New York SHIELD Act. The collaboration has led to improved IT efficiency and significant cost savings.