Zscaler (ZS) closed the latest trading day at $172.97, indicating a +0.01% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.22%. Meanwhile, the Dow experienced a rise of 0.06%, and the technology-dominated Nasdaq saw a decrease of 0.52%.Prior to today's trading, shares of the cloud-based information security provider had lost 12.34% over the past month. This has lagged the Computer and Technology sector's loss of 1.64% and the S&P 500's loss of 1 ...

SAN JOSE, Calif., April 18, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, today announced that it has been recognized as a Leader in the 2024 Gartner Magic Quadrant for Security Service Edge (SSE) for the third year in a row. Prior to the SSE Magic Quadrant, Zscaler was recognized as a leader for 10 consecutive years in the Magic Quadrant for Secure Web Gateway (SWG). Gartner highlighted Zscaler's strong revenue growth is outpacing the market, and that Zscaler is frequent ...

Zscaler (ZS) announced that Zscaler for Users, part of the Zero Trust Exchange cloud security platform, has been selected by GLP, a global real estate logistics provider and investment manager. The solution will help GLP upgrade from its VPN-based traditional cyber security framework to this advanced Zero Trust architecture.As part of the first step of the Zero Trust transformation, GLP is using Zscaler Private Access (ZPA) solutions. These solutions let GLP staff and third-party vendors securely access pri ...

Zscaler (ZS) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a changing earnings pic ...

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 ...