SAN JOSE, Calif., Nov. 12, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced the industry’s first Zero Trust Segmentation solution to provide a more secure, agile and cost-effective means to connect users, devices, and workloads across and within globally distributed branches, factories, campuses, data centers, and public clouds. While traditional networks, including SD-WAN and site-to-site VPN, have extended enterprise connectivity to branches and clouds, th ...

In the latest trading session, Zscaler (ZS) closed at $186.91, marking a +1.09% move from the previous day. The stock lagged the S&P 500's daily gain of 1.23%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, added 1.43%.Heading into today, shares of the cloud-based information security provider had gained 7.42% over the past month, outpacing the Computer and Technology sector's loss of 0.04% and the S&P 500's loss of 0.54% in that time.Market participants will be closely following the f ...

The most recent trading session ended with Zscaler (ZS) standing at $183.93, reflecting a +1.61% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.22%. Elsewhere, the Dow lost 0.33%, while the tech-heavy Nasdaq added 0.76%.Coming into today, shares of the cloud-based information security provider had gained 5.39% in the past month. In that same time, the Computer and Technology sector gained 2.29%, while the S&P 500 gained 1.47%.The investment community will be ...

Zscaler (ZS) closed the latest trading day at $188.76, indicating a -1.46% change from the previous session's end. The stock's change was less than the S&P 500's daily loss of 0.02%. Elsewhere, the Dow gained 0.38%, while the tech-heavy Nasdaq added 0.04%. Prior to today's trading, shares of the cloud-based information security provider had gained 13.67% over the past month. This has outpaced the Computer and Technology sector's gain of 4.44% and the S&P 500's gain of 3.77% in that time. Investors will be e ...

Core Insights - The average brokerage recommendation (ABR) for Zscaler (ZS) is 1.64, indicating a consensus between Strong Buy and Buy based on 39 brokerage firms' recommendations [2] - Despite the positive ABR, there are concerns regarding the reliability of brokerage recommendations due to potential biases stemming from the vested interests of brokerage firms [4][5] - The Zacks Rank, which is based on earnings estimate revisions, provides a more reliable indicator of near-term stock performance compared to the ABR [6][9] Brokerage Recommendations - Zscaler's ABR consists of 26 Strong Buy and 1 Buy recommendations, accounting for 66.7% and 2.6% of total recommendations respectively [2] - The ABR is calculated based on brokerage recommendations and is typically displayed with decimals, while the Zacks Rank is a quantitative model displayed in whole numbers [7] Analyst Optimism and Earnings Estimates - Analysts from brokerage firms tend to be overly optimistic, often issuing more favorable ratings than their research supports, which can mislead investors [8] - The Zacks Consensus Estimate for Zscaler has declined by 2.9% over the past month, indicating growing pessimism among analysts regarding the company's earnings prospects [11] Zacks Rank vs. ABR - The Zacks Rank is driven by earnings estimate revisions and is more timely in reflecting future price movements compared to the ABR, which may not always be up-to-date [10] - Zscaler currently holds a Zacks Rank of 4 (Sell), suggesting that the positive ABR should be approached with caution [12]

Key Findings: Mobile remains a top threat vector, with 111% growth in spyware and 29% growth in banking malware Technology, education, and manufacturing sectors continue to be most susceptible to attacks The United States remains the top target for IoT, OT, and mobile cybersecurity attacks SAN JOSE, Calif., Oct. 15, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today published its Zscaler ThreatLabz 2024 Mobile, IoT, and OT Threat Report, which offers an overview of the ...

The most recent trading session ended with Zscaler (ZS) standing at $198.26, reflecting a +1.41% shift from the previouse trading day's closing. The stock outperformed the S&P 500, which registered a daily gain of 0.61%. Elsewhere, the Dow gained 0.97%, while the tech-heavy Nasdaq added 0.33%. Shares of the cloud-based information security provider have appreciated by 17.27% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.6% and the S&P 500's gain of 5.36%. Th ...

SAN JOSE, Calif., Oct. 09, 2024 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that the Zscaler Zero Trust Exchange™ cloud security platform has surpassed half a trillion daily transactions which is nearly 60 times greater than the total number of Google searches per day. This milestone underscores the unparalleled scalability, resilience, and trust customers have placed in the Zscaler platform, which enables organizations to secure users and applications, simp ...

Zscaler (ZS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this cloud-based information security provider have returned +8.2% over the past month versus the Zacks S&P 500 composite's +5.4% change. The Zacks Internet - Services industry, to which Zscaler belongs, has gained 8.4% over this period. Now the key question is: Where could the stock be headed in the near term? Alt ...

Zscaler, Inc. (ZS) is one of the standout companies in the cybersecurity sector, known for its high-growth trajectory. However, its current price-to-earnings (P/E) multiple of 57.67X raises concerns about whether the stock's valuation is justified. This multiple is significantly higher than the Zacks Internet – Services industry average of 20.9X, making the stock seem expensive in comparison. Zscaler's price-to-sales (P/S) ratio also adds to investor unease, especially when considering the company's recent ...