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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) announced innovations aimed at enhancing data protection across cloud applications. These advancements reduce deployment times from months to hours without configuration, addressing the escalating risk of data loss highlighted in the 2022 Data Loss Report. Zscaler's solution automates workflows and unifies data protection, mitigating risks and operational complexities for enterprises.
Zscaler, Inc. (NASDAQ: ZS) announced that Amit Sinha will resign as CEO effective October 21, 2022, to pursue a role at a private technology company. He will remain a Board member. Jay Chaudhry, Chairman and CEO, will assume oversight of R&D, Cloud Operations, and Customer Support. Chaudhry praised Sinha for his contributions over 12 years, noting the company's $5 billion ARR target. Sinha expressed confidence in Zscaler's future and commitment to remain involved as an advisor.
Zscaler has completed its acquisition of ShiftRight, a leader in security workflow automation, to enhance its Zero Trust Exchange platform. This integration aims to streamline security operations and increase visibility into security posture, addressing the growing complexity of cybersecurity. ShiftRight's technology will help automate accountability and improve incident resolution times. The acquisition closed in Zscaler's fiscal fourth quarter, but terms were not disclosed. Zscaler aims to bolster its offerings to better serve its customers amid rising security risks.
Zscaler recently released its 2022 VPN Risk Report, highlighting the growing security threats associated with legacy VPNs as remote work becomes more common. Key findings show that 68% of executives prioritize Zero Trust Security due to increased VPN exploits. Nearly half of IT professionals reported a rise in attacks targeting VPNs. The report reveals that 65% of organizations are considering alternatives to VPNs, emphasizing the need for modern security architectures to protect against cyber threats.
Zscaler announces enhanced security capabilities via its Zero Trust Exchange™ in collaboration with CrowdStrike. This integration aims to bolster ransomware and identity theft defenses, providing improved visibility and threat detection for enterprises. Key enhancements include integrated closed-loop responses, enriched context for investigations, and comprehensive incident response capabilities. Zscaler's recent recognition as CrowdStrike's Ecosystem Go-to-Market Partner of the Year for 2022 underscores its significant role in the cybersecurity landscape.
Zscaler, a leader in cloud security, reported financial results for Q4 and FY 2022. Revenue surged to $318.1 million, a 61% increase year-over-year, with billings growing 57% to $520.4 million. Despite a GAAP net loss of $97.7 million compared to $81 million last year, non-GAAP net income rose to $36.4 million from $20.3 million. Deferred revenue also increased by 62% to $1,021.1 million. The company anticipates Q1 FY 2023 revenue between $339 million and $341 million and forecasts total revenue for FY 2023 of approximately $1.49 billion to $1.50 billion.
Zscaler, Inc. (NASDAQ: ZS) announced its achievement of carbon neutral status for 2022, alongside a new goal to reach net zero emissions by 2025. These milestones build on their commitment to renewable energy, with 100% of their global offices and data centers now utilizing it. The company’s Zero Trust Exchange™ security platform not only provides robust cybersecurity but also helps customers reduce their carbon footprint by eliminating traditional security appliances. Zscaler’s proactive approach in partnering with organizations aligns with their mission of contributing to a sustainable future.
Zscaler (NASDAQ: ZS), a leader in cloud security, announced its participation in upcoming investor conferences. The details include:
- Goldman Sachs Communacopia + Technology Conference: September 13, 2022, at 9:15 a.m. PT.
- 4th Annual Mizuho Software Summit 2022: September 28, 2022, featuring 1x1 investor meetings.
Webcasts for available sessions will be accessible via Zscaler's Investor Relations website. Zscaler accelerates digital transformation and protects users from cyber threats through its Zero Trust Exchange, the largest in-line cloud security platform worldwide.
Zscaler, Inc. (NASDAQ: ZS) is set to release its fiscal fourth quarter and year 2022 earnings on September 8, 2022, after market close. A conference call for investors will follow at 1:30 p.m. PT to discuss the results. Zscaler leads in cloud security, providing a robust Zero Trust Exchange that safeguards numerous customers from cyber threats. This platform is recognized as the world's largest in-line cloud security solution, leveraging a network of over 150 global data centers.
Zscaler Internet Access (ZIA) has achieved the highest authorization under the Federal Risk and Authorization Management Program (FedRAMP) for its Secure Access Service Edge (SASE) TIC 3.0 solution. This certification allows ZIA to meet the stringent security requirements of U.S. federal agencies, including the Department of Defense. It signifies comprehensive audits of critical security controls to protect sensitive data in cloud environments. With ZIA and Zscaler Private Access (ZPA) both JAB High authorized, they can significantly enhance security measures for government users, addressing challenges linked to cloud application security and user experience.
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