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Zscaler, Inc. (NASDAQ: ZS) is a leading provider of cloud-native cybersecurity solutions designed to enable secure digital transformation for enterprises worldwide. Headquartered in San Jose, California, Zscaler operates at the forefront of the cybersecurity industry, focusing on Secure Access Service Edge (SASE) and Zero Trust Network Access (ZTNA) frameworks. The company's flagship platform, the Zscaler Zero Trust Exchange™, delivers secure, fast, and seamless connections between users, devices, and applications, regardless of their location or network, effectively replacing traditional network security appliances.
Core Offerings
Zscaler's product portfolio is anchored by two primary services:
- Zscaler Internet Access (ZIA): This solution provides secure access to external applications and the internet by inspecting all traffic to prevent cyber threats such as malware, ransomware, and phishing attacks. It also enforces data protection policies to prevent data leakage.
- Zscaler Private Access (ZPA): Designed for secure access to internal applications, ZPA eliminates the need for legacy VPNs by enabling direct, Zero Trust-based connections between users and applications.
Both services are delivered through a 100% cloud-based architecture, offering scalability, reduced complexity, and enhanced user experience compared to traditional hardware-based solutions. The platform is distributed across more than 150 global data centers, ensuring high availability and low latency for users in over 185 countries.
Business Model
Zscaler operates on a subscription-based Software-as-a-Service (SaaS) model, generating recurring revenue from enterprise customers. The platform's modular design allows organizations to adopt specific capabilities based on their needs, making it a flexible and cost-effective solution. By continuously updating its cloud infrastructure, Zscaler ensures that customers remain protected against the latest cybersecurity threats without the need for manual updates or hardware replacements.
Market Position
As a pioneer in cloud-delivered security, Zscaler has established itself as a key player in the cybersecurity industry. The company serves thousands of enterprises, including many Fortune 500 organizations and government agencies, across diverse sectors such as manufacturing, finance, technology, and retail. Its focus on Zero Trust principles aligns with the growing demand for secure digital transformation as enterprises increasingly adopt cloud-first strategies and remote work models.
Competitive Landscape
Zscaler competes with other cybersecurity providers such as Palo Alto Networks, CrowdStrike, Cisco, and Fortinet. The company's differentiation lies in its fully cloud-native architecture, which eliminates the need for on-premises hardware and simplifies security management. By leveraging advanced AI and machine learning capabilities, Zscaler enhances threat detection and response, providing a competitive edge in a rapidly evolving threat landscape.
Industry Impact
Operating in the cybersecurity industry, Zscaler addresses critical challenges such as data breaches, ransomware, phishing, and insider threats. The company's Zero Trust Exchange platform not only protects sensitive data but also enables organizations to embrace emerging technologies like AI and IoT securely. By facilitating secure access to applications and data, Zscaler empowers enterprises to innovate and scale without compromising security.
Conclusion
Zscaler's commitment to Zero Trust principles and its 100% cloud-delivered approach position it as a transformative force in the cybersecurity industry. Through its scalable, flexible, and robust solutions, Zscaler enables organizations to navigate the complexities of modern cybersecurity, ensuring secure and efficient digital transformation.
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.
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.
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