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Zscaler Declines 16% YTD: Will the Stock Make a Turnaround in 2025?
ZACKS· 2024-12-24 14:31
Zscaler, Inc. (ZS) , a leading provider of Zero Trust cybersecurity solutions, has seen its stock decline 16.1% year to date (YTD), underperforming the broader market, including the Zacks Computer and Technology sector and the S&P 500. The stock has also underperformed its peers in the cybersecurity space, including Fortinet, Inc. (FTNT) , Palo Alto Networks, Inc. (PANW) and Cisco Systems, Inc. (CSCO) over the same time frame.YTD Price Return PerformanceImage Source: Zacks Investment ResearchWhile Zscaler s ...
Nokia Turns to Zscaler to Modernize Security Architecture and Accelerate Cloud Transformation Initiatives
Newsfilter· 2024-12-17 13:00
Core Insights - Zscaler partners with Nokia to deploy the Zscaler Zero Trust Exchange platform, enhancing Nokia's security, operational efficiency, and cloud capabilities [1][8] - The Zscaler platform is a cloud-native security solution that reduces the attack surface by connecting users directly to applications without exposing the corporate network [2][4] Legacy Challenges - Nokia previously used traditional hardware and virtual firewalls, which complicated uniform security control across various locations and platforms [3] - The shift to a cloud-first model necessitated a more agile security architecture capable of supporting Nokia's evolving needs [3] Future-Focused Approach - Zscaler's platform offers extensive public edge coverage and an application-centric approach to zero-trust security, with over 160 globally distributed data centers [4][13] - Key components of the deployment include Zscaler Internet Access, Zscaler Private Access, Zscaler Digital Experience, and Zscaler Data Protection [5] Transformative Benefits - Nokia anticipates significant operational and security benefits from the phased implementation of the Zscaler platform, allowing for scalability and rapid adaptation [6][7] - Initial rollout phases have already shown improved end-user connectivity and productivity [7]
Zscaler Shares Fall Despite Raised Guidance. Is It Time to Buy the Stock on the Dip?
The Motley Fool· 2024-12-06 09:35
While the market showed strong momentum through much of 2024, Zscaler (ZS -0.36%) hasn't followed suit and struggled to gain traction in 2024. The latest evidence of this came as share prices fell after the cybersecurity company released its fiscal 2025 first-quarter results. The stock price is now down about 10% on the year as of this writing.The decline in share price comes despite the company reporting solid revenue growth and increasing its guidance. Let's dive into its results to see if this price dip ...
Zscaler(ZS) - 2025 Q1 - Quarterly Report
2024-12-05 21:05
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 _____________________________________ _____________________________________ ___________________________________________________ FORM 10-Q _____________________________________ (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended October 31, 2024 OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition peri ...
Zscaler: A Textbook Buy-the-Dip Opportunity
MarketBeat· 2024-12-05 12:15
Zscaler TodayZSZscaler$206.36 +7.72 (+3.89%) 52-Week Range$153.45▼$259.61Price Target$224.84Add to WatchlistZscaler NASDAQ: ZS shares tanked more than 7% in premarket trading following its FQ1/CQ3 earnings report, opening a textbook buy-the-dip opportunity. The results failed to impress the analysts, but that is the only thing wrong with the report. The analysts had set a high bar for the company to beat, and the results were as expected, which is excellent. The takeaway is that sentiment took a hit but no ...
Zscaler Finds Over 87% of Cyberthreats Hide in Encrypted Traffic, Reinforcing Need For Zero Trust
GlobeNewswire News Room· 2024-12-05 08:01
Key Findings: Malware, phishing and cryptominers account for nearly 90% of all encrypted threats observed in ThreatLabz analysisManufacturing was the target of 42% of encrypted attacks, making it the most- targeted industryThe United States and India are the top targets of encrypted attacks SAN JOSE, Calif., Dec. 05, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Encrypted Attacks Report, which explores the latest threats blocke ...
Zscaler Posts Q1 Beat: 8 Analysts Express Concern Around CFO Retirement, Guidance
Benzinga· 2024-12-03 17:16
Zscaler Inc ZS shares tanked in early trading on Tuesday, even after the company reported upbeat fiscal first-quarter results.The company reported its results amid an exciting earnings season. Here are some key analyst takeaways. Check out other analyst stock ratings.Scotiabank: Zscaler's billings rose 13% year-on-year in the fiscal first quarter. The fiscal 2025 guidance was “no doubt an underwhelming start to the year," Colville said. CFO Remo Canessa's retirement "will add more uncertainty on Zscaler's c ...
Zscaler: Buy Ze Dip
Seeking Alpha· 2024-12-03 16:45
Zscaler (NASDAQ: ZS ) is one of the most prominent and fastest-growing companies in the rapidly advancing cybersecurity space. It is also a global leader in zero-trust security. Additionally, unlike traditional cybersecurity providers, Zscaler implements its unique and highly convenient cloud-native approach, makingAre You Getting The Returns You Want? Invest alongside the Financial Prophet's All-Weather Portfolio (2023 47% return) and achieve optimal results in any market.The Daily Prophet Report provides ...
1 Magnificent Stock Down 46% to Buy on the Dip
The Motley Fool· 2024-12-03 16:08
Zscaler stock dropped despite an earnings beat.In this video, I will cover Zscaler's (ZS -4.34%) recent earnings report and explain why the dip is worth buying. Watch the short video to learn more, consider subscribing, and click the special offer link below.*Stock prices used were from the trading day of Dec. 2, 2024. The video was published on Dec. 2, 2024. ...
Zscaler Stock Falls on Billings Decline, Weak Outlook
Investopedia· 2024-12-03 15:46
Key TakeawaysShares of Zscaler fell Tuesday, a day after it reported that billings declined sequentially and issued current-quarter guidance at the low end of estimates.The cybersecurity firm also announced that CFO Remo Canessa would be stepping down.Zscaler's first-quarter fiscal 2025 profit and revenue beat forecasts. Zscaler (ZS) shares fell 5% Tuesday, a day after the cloud-based cybersecurity platform reported a slowdown in billings and issued underwhelming guidance. In addition, it announced the comp ...