Zscaler Stock Price, News & Analysis

Zscaler (NASDAQ: ZS) and CrowdStrike have announced new AI and Zero Trust cybersecurity integrations to enhance security operations. The collaboration aims to provide advanced threat detection, response, and risk management through integrations with Zscaler Zero Trust Exchange™ Platform, Zscaler Data Fabric for Security, and CrowdStrike Falcon® Next-Gen SIEM.

Key features of the integration include:

• Coordinated threat sharing, detection, and response
• Holistic cyber risk quantification and visualization
• Security data contextualization and unified vulnerability management
• Adaptive access policy enforcement

Zscaler (NASDAQ: ZS) reported robust financial results for Q4 and fiscal year 2024. Revenue grew by 30% YoY to $592.9 million in Q4, while calculated billings rose 27% YoY to $910.8 million. Deferred revenue increased 32% YoY to $1,895.0 million. The company posted a GAAP net loss of $14.9 million, a significant improvement from the $30.7 million loss a year ago, and a non-GAAP net income of $140.6 million, up from $100.9 million.

For fiscal year 2024, revenue grew by 34% YoY to $2,167.8 million. GAAP net loss narrowed to $57.7 million from $202.3 million, while non-GAAP net income surged to $508.1 million from $277.0 million. Cash provided by operations was $779.8 million, up 36% of revenue, with free cash flow rising to $585.0 million.

Looking ahead, Zscaler forecasts Q1 fiscal 2025 revenue of $604-$606 million and full-year revenue of $2.60-$2.62 billion. The company highlighted reaching over half a trillion daily transactions on its cloud platform.

Zscaler (NASDAQ: ZS), a leading cloud security company, has announced its participation in three upcoming investor conferences in September 2024. The events include:

1. Citi Global TMT Conference in New York City on September 5th at 8:40 a.m. PT

2. Goldman Sachs Communacopia + Technology Conference in San Francisco on September 11th at 9:30 a.m. PT

3. Wolfe Research TMT Conference in San Francisco on September 11th for 1x1 investor meetings

Webcasts of applicable sessions will be available on the Zscaler Investor Relations website under the 'Events & Presentations' section at https://ir.zscaler.com.

Zscaler (NASDAQ: ZS), a leader in cloud security, has announced its upcoming fourth quarter and fiscal year 2024 earnings release. The company will disclose its financial results on Tuesday, September 3, 2024, after the market closes. Following the release, Zscaler will host an investor conference call at 1:30 p.m. Pacific time (4:30 p.m. Eastern time) to discuss the outcomes.

Interested parties can join the call via webcast at ir.zscaler.com or by phone after registering through a provided link. Participants are advised to dial in at least 10 minutes before the start time. The webcast will be accessible under the 'Events & Presentations' section of Zscaler's investor relations website.

Zscaler (NASDAQ: ZS) has released its 2024 Ransomware Report, revealing an 18% increase in ransomware attacks year-over-year and a record-breaking ransom payment of US$75 million. The report highlights that the manufacturing industry was the most targeted, facing more than twice as many attacks as any other sector. The United States remains the top target, accounting for nearly 50% of all incidents globally.

The report identifies LockBit, BlackCat, and 8Base as the most active ransomware families. Zscaler emphasizes the need for organizations to prioritize Zero Trust architecture to strengthen their security posture against ransomware attacks. The company offers solutions to help enterprises stop ransomware at every stage of the attack cycle, including minimizing the attack surface, preventing initial compromise, eliminating lateral movement, and stopping data loss.

Zscaler (NASDAQ: ZS) has announced a collaboration with NVIDIA to leverage NVIDIA's AI technologies for delivering new AI-powered copilot services. This aims to enhance security and IT operations by using NVIDIA NIM inference microservices, NeMo Guardrails, and Morpheus framework to improve Zscaler's Zero Trust Exchange™ platform. The new Zscaler ZDX Copilot, equipped with NVIDIA NeMo Guardrails, will offer comprehensive performance insights, simplifying IT support and operations. The platform processes over 400 billion transactions daily, employing advanced AI for real-time threat detection. This collaboration positions Zscaler to enhance its security measures and quickly address cyber threats.

Zscaler has strengthened its partnership with Google to enhance zero trust security strategies by integrating their services with Chrome Enterprise, Google Workspace, and Google Security Operations.

This collaboration aims to eliminate the need for legacy VPNs, offering advanced data protection and security insights to millions of enterprise users. Zscaler's integration with Chrome Enterprise improves threat detection and access control, while its collaboration with Google Workspace prevents data exfiltration from apps like Gmail and Drive. Additionally, Zscaler's security telemetry shared with Google Security Operations enhances threat response capabilities.

Recent survey data highlights the risks of VPNs, with 56% of organizations experiencing VPN-related cyberattacks last year. Zscaler's solutions aim to reduce these risks and simplify zero trust adoption for enterprises. This partnership underscores Zscaler's commitment to providing seamless security measures without the complexities of traditional approaches.

Zscaler (NASDAQ: ZS), a leader in cloud security, has announced an innovations briefing for investors on June 12, 2024. This briefing will take place during Zscaler's Zenith Live 2024 event in Las Vegas. The event, scheduled from 10:15 a.m. PT to 1:00 p.m. PT, will be available via live webcast and replay on the Zscaler Investor Relations website.

Zscaler (Nasdaq: ZS) reported its fiscal Q3 2024 financials, showing a solid performance with a 32% YoY revenue increase to $553.2 million and a 30% YoY rise in calculated billings to $628 million. Deferred revenue grew 34% to $1,577 million. GAAP net income was $19.1 million, a notable turnaround from a $46 million loss last year, while non-GAAP net income rose to $139.8 million from $74.6 million. The company posted GAAP net income per share of $0.12 and non-GAAP net income per share of $0.88. Cash flow from operations increased to $173.4 million, and free cash flow reached $123.1 million. Zscaler also acquired Avalor Technologies and Airgap Networks to bolster its AI capabilities and Zero Trust SASE leadership. Looking ahead, Q4 revenue is expected to be $565-$567 million, with a full-year revenue forecast of $2.140-$2.142 billion.