Zscaler, Inc. Stock News

3 Cybersecurity Stocks You Can Buy and Hold for the Next Decade

Zscaler Inc NASDAQ: ZS, a leading player in the cybersecurity sector with a market cap of $32 billion and headquartered in California, has had quite a rollercoaster year in 2023. Despite a strong rally early in the year, its momentum faded by February, leading to a summer slump that saw the stock drop 40%.

Zscaler's robust cash reserves and competitive moat ensure resilience despite expected net losses, reflecting strong platform reliance and substantial revenue growth. Smart cost management through employee stock options shifts the economic burden to equity investors, impacting book value but preserving cash flow. The cybersecurity market's competitive landscape emphasizes platform switching cos...

Zscaler, a leading cloud security company, exhibits strong financial health with high recurring revenue, robust customer retention, and impressive free cash flow margins. Despite slowing YoY revenue growth, Zscaler's valuation remains justified due to its high FCF margins and stable, recurring revenue from a growing customer base. The company's strategic shift to an account-centric sales approa...

New Solution Prevents Lateral Movement from Ransomware Attacks, Cutting Firewall and Infrastructure Spend in Half New Solution Prevents Lateral Movement from Ransomware Attacks, Cutting Firewall and Infrastructure Spend in Half

Cybersecurity spending should be robust next year.

Cybersecurity stocks rank No. 105 out of 197 IBD industry groups.

Oppenheimer analyst Ittai Kidron looked for companies whose earnings could surprise the Street.