Zscaler (ZS) Stock News

Zscaler, Inc. (NASDAQ: ZS) released a new ransomware report analyzing trends and tactics of active ransomware families, resulting in $1.4B in ransom demands. The ThreatLabz team examined over 150 billion platform transactions and 36.5 billion blocked attacks between November 2019 and January 2021. The report reveals a worrying rise in double-extortion attacks, particularly targeting industries like manufacturing (12.7%) and services (8.9%). With average payouts of $1.45M per incident, ransomware is classified as a national security threat, emphasizing the need for robust cybersecurity measures.

Zscaler, Inc. (NASDAQ: ZS) will release its third quarter fiscal year 2021 earnings on Tuesday, May 25, after the market closes. An investor conference call will follow at 1:30 p.m. Pacific time to discuss the results. Interested parties can access the call via webcast at https://ir.zscaler.com. A replay will be available starting at 4:30 p.m. PT on the same day until June 1, 2021. Zscaler is known for its cloud security solutions and operates the world's largest in-line cloud security platform, protecting thousands of customers globally.

Zscaler (NASDAQ: ZS) announced innovations for its Zero Trust Exchange platform, aimed at enhancing digital security for modern businesses. The introduction of new security solutions, resources for IT executives, and deployment programs aims to facilitate zero trust adoption, addressing the challenges posed by the shift to cloud-based operations. Key offerings include the Zscaler ZPA Private Service Edge, Cloud Browser Isolation, and automated policy management tools, which collectively simplify secure access to applications while mitigating cyber threats.

Zscaler (NASDAQ: ZS) announced its acquisition of Trustdome, a leader in Cloud Infrastructure Entitlement Management (CIEM). This move aims to enhance Zscaler's Cloud Protection capabilities, integrating Trustdome's CIEM technology with Zscaler's existing Cloud Security Posture Management platform. The transaction will also establish Zscaler's first R&D center in Israel, further expanding its global presence. The acquisition is expected to close before the end of Zscaler's fiscal third quarter, pending customary conditions.

Zscaler (NASDAQ: ZS) announced the implementation of its Zscaler Internet Access™ (ZIA™) and Zscaler Private Access™ (ZPA™) products by the State of Oklahoma's Office of Management and Enterprise Services (OMES). This deployment aims to support 30,000 teleworking employees by enhancing security and managing increased remote access demands during the pandemic. With Zscaler's cloud-based solutions, the state improved VPN efficiency by five to six times and reduced service desk tickets, significantly enhancing user experience and productivity.

Zscaler (NASDAQ: ZS) and CrowdStrike (NASDAQ: CRWD) have expanded their strategic partnership to enhance security through new integrations, emphasizing a zero trust approach. This collaboration enables secure access to applications from any endpoint and automates access policy enforcement. The CrowdStrike Zero Trust Assessment allows dynamic access control based on real-time security assessments, significantly reducing organizational risks. Key benefits include improved defense for remote workers, reduced malware propagation, and enhanced response times to threats.

Zscaler reported a 55% year-over-year increase in revenue, reaching $157.0 million and a 71% rise in calculated billings to $232.0 million for Q2 FY2021. However, the GAAP net loss expanded to $67.5 million from $29.2 million a year prior. Non-GAAP net income slightly increased to $14.0 million. Deferred revenue grew by 60% year-over-year, totaling $446.8 million. Zscaler expects Q3 revenue between $162 million and $164 million, with a full-year forecast of $634 million to $638 million.

Zscaler (NASDAQ: ZS), a leader in cloud security, announced its participation in several upcoming investor conferences. Notable events include the JMP Securities Technology Conference on March 1, 2021, and the Morgan Stanley Technology, Media and Telecom Conference on March 2, 2021. Other conferences include the Credit Suisse Software Investor Day on March 8 and the Truist Securities Technology Conference on March 9. Webcasts of the presentations will be available on Zscaler's Investor Relations section.

Zscaler (NASDAQ: ZS) has released the 2021 VPN Risk Report, revealing significant vulnerabilities in enterprise VPNs and the pressing need for a zero-trust security approach. The study, conducted in collaboration with Cybersecurity Insiders, surveyed over 350 cybersecurity professionals and found that 93% of companies use VPNs, yet 94% acknowledge their exploitation by cybercriminals. Major concerns included social engineering (75%), ransomware (74%), and malware (60%). As a result, 72% of organizations are shifting towards zero-trust models to enhance security, especially with the rise of remote work.