Home Trending Stocks Zscaler, Inc  (ZS) Stock On its Way Up Following Promising Update for...

Zscaler, Inc  (ZS) Stock On its Way Up Following Promising Update for Q3 2021

Zscaler, Inc.(ZS) stock prices were down by a marginal 0.95% as of the market closing on May 2th 2021, bringing the price per share down to USD$172.74 at the end of the trading day. ZS stock surged 8.40% to $187.25 in the pre-market trading today.

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Acquisition of Trustdome

The third quarter of the fiscal year 2021 saw the acquisition of Trustdome that integrated the leading innovator of Cloud Infrastructure Entitlement Management (CIEM) with Zscaler’s existing Cloud Security Posture Program (CSPM) platform. The collaboration will seek to facilitate the provision of a comprehensive solution for the reduction of public cloud attack services and improved security posture. This development marks the expansion of the global footprint of the company with its first development center in Israel.

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Acquisition of Smokescreen Tech

The company also signed a definitive agreement earlier in the quarter that saw the acquisition of Smokescreen Technologies. The leader in active defense and deception technology would see its cutting-edge capabilities being integrated into the Zscaler Zero Trust Exchange platform. This move saw the development of Zscaler’s ability to detect ransomware, lateral movement attempts, and other highly sophisticated and selective attacks.

Innovations in Zero Trust Exchange platform

ZS also initiated security innovations for its proprietary Zscaler Zero Trust Exchange platform, as well as new programs aiming to consolidate the security of digital businesses. These programs include innovative security solutions, resources for IT executives and practitioners, as well as deployment guides. The deployment guides aim to expedite zero trust adoption, which will see the provision of a holistic approach to IT security to digital businesses, as well as the pragmatic skills and blueprints to consolidate market competitiveness.

Collaboration with IBM Security

Q3 2021 also saw the announcing of an alliance partnership between ZS and IBM Security that would result in the delivery of new blueprints for common zero trust use cases. The collaboration is essential in facilitating the acceleration of zero trust deployments by helping customers and assisting organizations with the simplification of remote work and the modernization of network security.

Integrations with CrowdStrike

The company also announced a multitude of integrations with CrowdStrike that facilitate the delivery of end-to-end security protection, spanning from the endpoint to the application. These integrations for joint customers strengthen security with the provision of an identity-centric and data-centric zero-trust approach. This approach encompasses data, people, devices, workloads, and networks.

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Future Outlook for ZS

The third quarter of the fiscal year 2021 saw several promising developments for ZS, with the company poised to finish the year off strong. Current and potential investors are hopeful that the company will continue to leverage the resources at its disposal to facilitate significant and sustained increases in shareholder value.

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