SAN JOSE, Calif., April 16, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, announced that GLP, a global real estate logistics provider and investment manager, is leveraging Zscaler for Users, part of the AI-powered Zscaler Zero Trust Exchange™ cloud security platform, to further strengthen its cybersecurity practice across its portfolio. GLP determined the security limitations and risk associated with their legacy security stack built on VPNs was not able to protect their ...

Sundry Photography Introduction & investment thesis I initiated a Buy rating on Zscaler (NASDAQ:ZS) on January 3, 2024. My bull thesis was predicated on my belief that Zscaler should continue to gain market share as it deepens adoption of its solution suite among enterprise customers and expands its profit margins, given its robust product innovation as well as the secular growth in enterprise cybersecurity spend. Although the stock initially climbed 24% from the initial price point of $208 at the time ...

Thomas Barwick Investment overview I give a buy rating for Zscaler (NASDAQ:ZS), as I think the business is going to see growth accelerate in the near term, sustaining growth above >30%. ZS has proven that its products are a better alternative to peers’ offerings as it continues to win market share. The additional growth drivers, like Fed spending tailwinds and the shift in the GTM model to focus on upselling, should further support growth ahead. With growth expected to grow faster than peers, I believe ...

Sundry Photography In my view, investors should fully embrace the volatility that is shaking the markets right now. Though the majority of investors are hooked into interest rate-driven headlines and continued speculation over the pace of rate cuts this year, volatility is also a great time for investors to scoop up big movers in single stock positions. Zscaler (NASDAQ:ZS), in particular, has seen quite a bit of volatility this year. Long a Wall Street darling, this cloud-based security provider has seen it ...

Zscaler (ZS) announced that it signed an agreement to acquire Airgap Networks. Notably, Airgap Networks is a managed software-as-a-service (SaaS) that provides Zero Trust security and networking services to businesses. The solution is known for minimizing attack surface and costs.Airgap Networks is a fully cloud-managed solution, offering secure access, agentless segmentation and rapid deployment. It provides a cost-effective solution for implementing Zero Trust Segmentation across branches, campuses, facto ...

A downtrend has been apparent in Zscaler (ZS) lately with too much selling pressure. The stock has declined 8.7% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.Guide to Identifying Oversold StocksWe use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting ...

SAN JOSE, April 11, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced they have signed an agreement to acquire Airgap Networks, the leader in cybersecurity solutions for business-critical networks. Combining Zscaler's Zero Trust SD-WAN and Airgap Networks' agentless segmentation technology will transform how enterprises implement Zero Trust Segmentation to IoT/OT devices, and critical infrastructure across branches, campuses, factories, and data centers, inclu ...

Despite strong quarterly results, Zscaler's outlook wasn't strong enough to support its valuation.Shares of Zscaler (ZS 0.73%) fell 20.4% in March, according to data provided by S&P Global Market Intelligence. Despite delivering impressive quarterly financial results, the cybersecurity stock still slid lower thanks to a combination of pessimism about its outlook, an expensive valuation, and unfavorable market conditions.Zscaler's quarterly results were solid, but its outlook was less impressiveZscaler repor ...

The stock's valuation isn't traditionally cheap, but the company has a lot of growth opportunities ahead.Cybersecurity has been one of the hottest investment sectors in recent years. Given the number of high-profile cybersecurity attacks and breaches, this probably should not be surprising. For example, the casino industry was hit with attacks on MGM Resorts and Caesars Entertainment last year, while this earlier this year UnitedHealth Group subsidiary Change Healthcare was the victim of a ransomware attack ...

Zscaler has pulled back, but some investors may perceive it as too expensive.Zscaler (ZS 0.73%) has emerged as one of the top cybersecurity companies. Although it is a leader in zero trust security (hence the name), it offers cybersecurity on several fronts.However, it competes with CrowdStrike, Palo Alto Networks, Fortinet, and others, and investors may hesitate to buy the stock with its forward P/E ratio near 70. Given such conditions, did investors wait too long to buy this cybersecurity stock? Let's tak ...