Zscaler Stock Price, News & Analysis

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.

Zscaler (NASDAQ: ZS) announced that Coats Group PLC, the leading industrial thread manufacturer, is adopting its Zero Trust Exchange platform to enhance security in its Industry 5.0 transformation. This integration will benefit 18,000 employees, providing secure access to IT and OT systems across six continents. Coats expects to save at least 150 help desk hours monthly through improved support and monitoring. The partnership emphasizes the importance of data integrity and regulatory compliance.