Welcome to our dedicated page for Zscaler news (Ticker: ZS), a resource for investors and traders seeking the latest updates and insights on Zscaler stock.
Zscaler, Inc. reports developments in cloud-native cybersecurity, centered on zero trust access, AI security, data protection, and enterprise governance controls. Its recurring updates cover the Zscaler Zero Trust Exchange platform, Zscaler Internet Access, Zscaler Private Access, data sovereignty capabilities, browser security, and research from ThreatLabz on cybersecurity and AI-related traffic patterns.
Company news also includes earnings releases, annual recurring revenue commentary, investor conference participation, and completed acquisitions that extend its security platform. Zscaler serves enterprise, government, critical infrastructure, and other large organizations through a distributed cloud security architecture operating across more than 160 data centers globally.
Zscaler announced the pricing of $1.0 billion in 0.125% convertible senior notes due 2025, with a potential additional $150 million. The offering closes on June 25, 2020. These notes will mature on July 1, 2025, and have an initial conversion price of approximately $150.80 per share, representing a 37.5% premium over the stock's closing price on June 22, 2020. Net proceeds are estimated at $983 million, which will be used for general corporate purposes, including potential acquisitions. Capped call transactions are in place to offset potential dilution.
Zscaler, Inc. (Nasdaq: ZS) plans to offer $1.0 billion in convertible senior notes due 2025 in a private offering to qualified institutional buyers, with a potential additional $150 million. The notes will be unsecured and convertible into cash or stock at Zscaler's discretion. Proceeds will partly fund capped call transactions and support general corporate purposes, including working capital and potential acquisitions. The offering is subject to market conditions and won't be registered under the Securities Act.
Zscaler (NASDAQ: ZS), a leader in cloud security, has acquired Edgewise Networks, enhancing its capabilities in securing east-west communications in cloud environments. Edgewise's technology establishes a zero trust environment by verifying application identities, significantly reducing the attack surface and mitigating risks of data breaches. This acquisition supports Zscaler's mission to innovate security in a cloud-first world, integrating advanced AI and machine learning for application segmentation. The transaction terms remain undisclosed.