Core Insights - CyberArk Software (CYBR) and Zscaler (ZS) are significant players in the cybersecurity sector, focusing on different aspects of security, with CyberArk specializing in privileged access management and identity security, while Zscaler excels in secure access service edge and cloud security [2] - The cybersecurity market is expected to grow at a CAGR of 12.63% from 2025 to 2030, driven by advanced attacks and the proliferation of AI [3] CyberArk Stock Analysis - CyberArk is witnessing a shift in identity security, with machine identities now outnumbering human identities at a ratio of over 80 to 1, up from 45 to 1 a year ago [5] - The company is innovating with AI-based products like Secure AI Agents and CORA AI, enhancing its identity security platform [6] - CyberArk's acquisitions of Zilla Security and Venafi have bolstered its expertise in identity governance and machine identity, contributing to recurring revenues and market share [7] - The Zacks Consensus Estimate predicts revenue growth rates of 31% for 2025 and 19% for 2026, with bottom line growth rates of 26.4% and 25% respectively [8] Zscaler Stock Analysis - Zscaler is implementing strategies such as Zero Trust Everywhere and agentic SecOps to leverage the growing cybersecurity market [11] - The company reported over 210 Zero Trust Everywhere enterprises in Q3 of fiscal 2025, marking a sequential growth of 60% [12] - Zscaler faces challenges with rising sales and marketing (S&M) and research and development (R&D) expenses, impacting near-term profitability [13] - The company's fiscal 2026 earnings are projected at $3.08, indicating a year-over-year decline of 3.5% [14] Performance and Valuation Comparison - Year-to-date, CyberArk shares have increased by 19.6%, while Zscaler shares have surged by 74.4% [16] - CyberArk is trading at a forward sales multiple of 13.6X, compared to Zscaler's 6.65X, reflecting higher growth expectations for CyberArk despite appearing pricier [17] Conclusion - CyberArk is positioned for robust growth through acquisitions and innovation in identity and AI security, while Zscaler is facing near-term challenges with rising operating expenses [18] - CyberArk holds a Zacks Rank 2 (Buy), indicating a stronger investment case compared to Zscaler, which has a Zacks Rank 3 (Hold) [19]

2025 年 6 月 19 日 公司研究 美股 AI+云安全催化不断，AI 推理需求驱动网络安全蓬勃发展 ——美股云计算行业跟踪报告（二） 互联网传媒 买入（维持） 作者 分析师：付天姿 CFA FRM 执业证书编号：S0930517040002 021-52523692 futz@ebscn.com 联系人：宾特丽亚 binteliya@ebscn.com 021-52523681 股价相对走势 资料来源：Wind 相关研报 AI 驱动网络安全供需提升，架构迭代引领行 业变革——美股网络安全行业深度报告 （2024-06-12） 微软暂缓 AI 数据中心建设，如何看待关税 对美股云厂商的影响？——美股云计算行业 跟踪报告（一）（2025-04-17） 点评： CrowdStrike 在 AI 网络安全领域以平台化与 AI 原生为核心驱动力。根据公司 25Q1财报，Flex模型交易价值超32亿美元，下一代SIEM相关ARR增速超100%， 预计 2025 年 AI 原生 XDR 平台覆盖高达 1160 亿美元的市场规模。AI 驱动的模块 复用率提升，48%的订阅客户采用 6 个及以上模块，22%客户采用 8 ...

Zscaler (ZS -0.98%) deploys "zero trust" systems that treat everyone on a network as a potential threat and require repeated proof to the contrary. But unlike older cybersecurity companies, which often install their services via on-site appliances, Zscaler only provides its tools as cloud-native services -- which are stickier, easier to scale, and can be remotely maintained and updated. It serves over 7,500 customers worldwide and secures more than 500 billion transactions daily. Zscaler, CyberArk, and Clou ...

Key Takeaways Zscaler saw 70% YoY growth in ZDX Advanced Plus bookings after launching ZDX Copilot. SecOps annual contract value jumped 120% YoY with agentic operations across multiple security modules. New Growth Categories, including Agentic Operations, now generate $1B in ARR out of Zscaler's $2.9B total.Zscaler’s (ZS) agentic operations are experiencing massive growth in information technology operations (ITOps) and Security Operations (SecOps). In the ITOps business, Zscaler rolled out ZDX Copilot as ...

Zscaler (ZS) 2025 Conference June 05, 2025 10:50 AM ET Speaker0 So I'm happy to host today for keynote Jay Chondri. Here we go. Tomer, you should learn from her also. So as I start with Speaker1 all our Speaker0 companies, I kind of discuss what investors are asking us about just to set the framework for the discussion. I'll do it very quick. SASE remains an extremely hot space with very fast growth for most companies. There are new entrants though and the question is two things. Number one, how do you resp ...

Zscaler (ZS) Update / Briefing June 03, 2025 02:30 PM ET Speaker0 everyone. Apologize for the delay here. I would like to welcome you to Investor Relations Innovation Briefing at Zenith Live. We get started, please take moment to look at our safe harbor statements. Let's quickly go over the agenda after this. So we'll start off with some comments from Jay talking about the scale expansion. Jay, we'll have Adam will double into our SecOps strategy. After that, have special guest, Brian Byer, who is founder a ...

Zscaler (ZS) reported third-quarter fiscal 2025 non-GAAP earnings of 84 cents per share, which beat the Zacks Consensus Estimate by 12%. Moreover, the bottom line increased 18.3% year over year, driven by higher revenues and efficient cost management.ZS’ earnings beat the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 18.7%.Zscaler’s third-quarter fiscal 2025 revenues of $678 million beat the Zacks Consensus Estimate by 1.8% and exceeded management’s guidance of $ ...

Core Insights - Zscaler has announced a definitive agreement to acquire Red Canary, enhancing its capabilities in Managed Detection and Response (MDR) and threat intelligence [1][2] - The acquisition aims to integrate Zscaler's AI-driven workflows with Red Canary's expertise, creating a unified Security Operations Center (SOC) [1][3] - Zscaler protects nearly 45% of Fortune 500 organizations and processes over 500 billion daily transactions, establishing itself as a leader in cloud security [2][4] Company Overview - Zscaler operates the world's largest cloud security platform, leveraging a massive data lake to develop advanced AI-driven solutions [2][4] - Red Canary has over 10 years of experience in security operations, recognized as a leader in the Forrester Wave™ for MDR for three consecutive years [2][4] - The integration of both companies is expected to enhance threat detection and response capabilities, addressing common operator pain points [3][4] Strategic Goals - The acquisition is seen as a natural expansion of Zscaler's capabilities, aiming to accelerate the vision of an AI-powered SOC of the future [2][3] - By combining resources, the companies aim to improve the speed and efficiency of threat detection and response, helping organizations tackle modern security challenges [3][4] - The transaction is subject to customary closing conditions and is expected to close in August 2025 [4]

Zscaler, Inc. (NASDAQ:ZS) Q2 2025 Earnings Conference Call March 5, 2025 4:30 PM ET Company Participants Ashwin Kesireddy - VP, IR and Strategic Finance Jay Chaudhry - Chairman and CEO Remo Canessa - CFO Conference Call Participants Saket Kalia - Barclays Brad Zelnick - Deutsche Bank Mike Cikos - Needham Shrenik Kothari - Baird Roger Boyd - UBS Brian Essex - JPMorgan Gregg Moskowitz - Mizuho Fatima Boolani - Citigroup Joseph Gallo - Jefferies Matt Hedberg - RBC Capital Markets Joshua Tilton - Wolfe Research ...

Zscaler (ZS) 2024 Investor Day June 12, 2024 07:00 AM ET Speaker0 Good morning, everyone. Welcome to the Investors Innovation Briefing at Zenith Live twenty four. Before we begin, I'll request you to look at our Safe Harbor statements. We got a great line of speakers today for you. We'll start with Jay Chaudhry, Founder, CEO and Chairman of Zscaler. Jay will talk about our expanding platform and the opportunities that it's creating for us, followed by Shyam Nair, our CTO. Shyam will talk about some of the A ...