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 ...

Zscaler (ZS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this cloud-based information security provider have returned -8% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Internet - Services industry, to which Zscaler belongs, has gained 11% over this period. Now the key question is: Where could the stock be headed in t ...

Zscaler, Inc. (ZS) , a pioneer in cloud security, has announced a groundbreaking advancement in artificial intelligence (AI) innovations through its acquisition of Avalor. This move underscores ZS' commitment to fortifying its platform with cutting-edge capabilities.Avalor Strengthens Zscaler’s CapabilitiesThe acquisition expands ZS' Zero Trust Exchange data, incorporating more than 150 pre-built integrations to empower customers in proactively identifying and predicting critical vulnerabilities while enhan ...

Zscaler, a cloud security company with headquarters in San Jose, California, has acquired cybersecurity startup Avalor 26 months after its founding, reportedly for $310 million in cash and equity.In a press release announcing the news, Zscaler founder and CEO Jay Chaudhry said that the deal would expand Zscaler’s platform with capabilities including streamlined reporting of security incidents, incident mitigation, asset discovery, data classification, security policy generation and more.“AI is only as good ...

SAN JOSE, Calif., March 14, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ:ZS), the leader in cloud security, announced another major leap forward in artificial intelligence (AI) innovations that extends the Zscaler Zero Trust Exchange™ data, from more than 400 billion daily Zscaler transactions with Avalor's Data Fabric for Security with over 150 pre-built integrations enabling customers to proactively identify and predict critical vulnerabilities as well as improve operational efficiencies. By leveraging ...

After a huge one-year rally, share prices of Zscaler (ZS -1.28%) have hit some bumps in the road. That's not to say the cloud-native cybersecurity leader is performing poorly, though.On the contrary, the company is doing quite well, although its growth does continue to moderate. I remain optimistic for Zscaler and its cloud security peers, but is this still a top cybersecurity stock buy for 2024 and beyond?Is a top Zscaler competitor a threat?Let's start this discussion by acknowledging the changes that top ...

Each year, global consulting firm PwC surveys thousands of CEOs to learn about the risks and opportunities their businesses face. The 2024 edition of the survey asked several questions about generative artificial intelligence (AI), and 64% of the 4,702 respondents said they were worried the technology would increase their cybersecurity risk going forward.It was their top concern, outranking the spread of misinformation and potential reputational risks from the use of AI.Cybersecurity giant Palo Alto Network ...