|Day's Range||36.80 - 37.55|
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According to a forecast by research firm McKinsey & Company, damage caused by cyberattacks will top $10.5 trillion by 2025 -- a number that will have quadrupled since 2015. Companies spent just $150 billion on cybersecurity in 2021, a number that grew by 12.4% in 2022 to $168 billion. Here's the problem: A survey suggests threat volumes doubled over that period, so McKinsey believes corporate investment in cyber protection is far too low.
Zscaler (NASDAQ: ZS) shareholders had a good day on Friday, as their stock gained 9% by 11:30 a.m. ET, compared to a 1% rally in the S&P 500. Friday's rally came as Wall Street cheered Zscaler's fiscal Q3 report that showed strong growth paired with steps toward profitability. Sales in the Q3 period that ended in late April were up 46% thanks to strong demand for products like Zscaler's core cybersecurity platform.
The tech-heavy Nasdaq Composite Index wrapped up a historic month, outperforming the Dow Jones by the widest margin since October 2001.
Zscaler's (ZS) fiscal third-quarter results reflect the benefits of the increased demand for cybersecurity products amid the growing cloud migration and digitization trends.
Let's talk about the popular Zscaler, Inc. ( NASDAQ:ZS ). The company's shares received a lot of attention from a...
Investing.com -- Zscaler (NASDAQ:ZS) reported fiscal third-quarter results that topped estimates and better-than-expected guidance for the current quarter as demand for cloud security continued to boost new business wins.
Image source: The Motley Fool. Zscaler (NASDAQ: ZS)Q3 2023 Earnings CallJun 01, 2023, 4:30 p.m. ETContents: Prepared Remarks Questions and Answers Call Participants Prepared Remarks: OperatorThank you for standing by and welcome to the Zscaler third quarter fiscal year 2023 earnings conference call.
Zscaler (ZS) delivered earnings and revenue surprises of 14.29% and 0.34%, respectively, for the quarter ended April 2023. Do the numbers hold clues to what lies ahead for the stock?
Third Quarter Highlights Revenue grows 46% year-over-year to $418.8 millionCalculated billings grows 40% year-over-year to $482.3 millionDeferred revenue grows 44% year-over-year to $1,175.4 millionGAAP net loss of $46.0 million compared to GAAP net loss of $101.4 million on a year-over-year basis Non-GAAP net income of $74.6 million compared to non-GAAP net income of $24.7 million on a year-over-year basis SAN JOSE, Calif., June 01, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (Nasdaq: ZS), the leade
The increased demand for security and networking products amid the ongoing hybrid work environment and digitization process is likely to have aided Zscaler's (ZS) third-quarter performance.
The Spear Alpha ETF (SPRX) topped the list of the best-performing U.S. equity ETFs in May, gaining 28.3%. The rally was driven by the hype surrounding artificial intelligence (AI) and investors' flight to mega-cap tech stocks.
VMware's (VMW) first-quarter fiscal 2024 performance is likely to have witnessed the benefits of a strong portfolio and an expanding partner base.
Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates.
The weak consumer demand for PCs, high inventory levels and unfavorable currency exchange rates are likely to have negatively impacted HP Inc.'s (HPQ) performance in the second quarter of fiscal 2023.
Hewlett Packard's (HPE) fiscal second-quarter results are likely to reflect gains from growing demand for its cloud services amid the ongoing digital transformation trend.
Palo Alto Networks' (NASDAQ: PANW) stock surged 8% on May 24 after it posted its latest earnings report. On the basis of generally accepted accounting principles (GAAP), Palo Alto Networks generated a net profit of $108 million, compared to its net loss of $73 million a year earlier. Palo Alto splits its business into three ecosystems: Strata, which houses its on-site firewalls and network security appliances; Cortex, which handles its threat-detection tools powered by artificial intelligence (AI); and Prisma, which hosts its cloud-based security services.
While accelerated digital transformation, acquisitions and partnerships are likely to have boosted Salesforce's (CRM) top line in Q1, cost-cutting initiatives are expected to have driven the bottom line.
Zscaler (ZS) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Zscaler (ZS) closed at $126.53 in the latest trading session, marking a +1.66% move from the prior day.
Zscaler (ZS) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.
SAN JOSE, Calif., May 19, 2023 (GLOBE NEWSWIRE) -- Zscaler, Inc. (NASDAQ: ZS), the leader in cloud security, today announced that the company is scheduled to present at the upcoming Bank of America Global Tech Conference in San Francisco. Details for the event are as follows: Bank of America Global Tech Conference in San FranciscoWednesday, June 7, 20239:20 a.m. PST (12:20 p.m. EST) Sessions which offer a webcast will be available on the “Events & Presentations” section of the Zscaler Investor R
Contrary to popular belief, not all tech stocks experienced a massive growth slowdown over the past 18 months. Growth tech stocks like MercadoLibre (NASDAQ: MELI) and Zscaler (NASDAQ: ZS) could drive investor returns as rapid revenue increases and industry leadership bolsters their investment cases. Let's take a closer look at these two supercharged tech stocks and see why each is a buy right now.
Zscaler (ZS) closed the most recent trading day at $118.77, moving +0.35% from the previous trading session.