Zscaler, Inc. (ZS) – Fueling strong growth

Zscaler, Inc. (ZS) (Q3FY23)

Introduction

Zscaler, Inc. operates as a cloud security company worldwide. It offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.

The company also provides Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise.

In addition, it offers Posture Control solutions comprising Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and PaaS to reduce risk and ensure compliance with industry and organizational benchmarks;

Cloud Infrastructure Entitlement Management that detects and remediates excessive or unused cloud permissions and enforces least privileged access without disrupting productivity; Infrastructure as Code (IaC), which analyzes IaC templates to identify misconfigurations and other security issues prior to deployment to cloud infrastructure; and Vulnerability Scanning and Data Loss Prevention solutions.

The company’s platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries.

Highlights

Zscaler has made strategic leadership appointments to drive innovation and partnerships. Syam Nair, as CTO and EVP of R&D, will expand the Zero Trust Exchange platform and AI/ML innovations. Karl Soderlund, as SVP of Worldwide Partnerships, aims to elevate Zscaler’s partner program and execute a competitive go-to-market strategy.

Stock performance

Zscaler stock has been in consolidation since Apr-23 till Aug-23 and has touched the low of $87 in Apr-23 and high of $368.8 in Nov-21 and gave 15% return in last three year time period. The stock price return was -12% for the 1-year period.

The stock has a 52-week high of $194.21 and its 52-week low is $84.93. Zscaler has a 50 day moving Avg. and 200-day moving Avg. of $148.79 and $126.77, respectively.

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Highlights

Valuation

– Enterprise Value
– CrispIdea Forecast
– Peer Valuation
– CrispIdea Forecast Relative to Consensus
– Consensus History and Surprise
– Consensus Momentum

Actual & Historical Performance

– Income Statement
– Balance Sheet
– Cash Flow
– 10 Year Historical Performance
– Ratio Analysis
– Segment Performance
– Key Metrics
– M&A Deals

Peer Performance

– Summary
– Profitability
– Growth
– Price Performance

Ownership

Stock Price Performance

Crispidea Coverage

No of Pages: 28

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