From it’s IPO in March 2018 at $16, it’s share price has increased 8 folds-$137 (as of 20 August 2020). Currently, it has a market capitalization of $17.82 billion
Zscaler’s Cybersecurity Suite is a cloud-based service, built specifically to protect cloud. During a pandemic where all the businesses moving to the cloud, Zsclaer has huge market demand
Zscaler used by more than 5000 leading businesses around the globe. More than 50 companies from Fortune 500 companies are users of Zscaler services.
Zscaler serves all different industry sectors. For example, Accenture, Siemens, Tata Communications, General Electric, Sennheiser, British Council, and so many others are using Zscaler to protect their cloud network
Competitors Palo Alto Networks and Fortinet are in the phase of transitioning to the cloud, whereas Zsclaer is already a cloud company
Zscaler is a positive cash flow company. It is a strength that gives companies the ability to invest in necessary activities. Other companies having such strength are Apple, Microsoft, Verizon, Walmart, and few large businesses.
Management is smartly investing in their business, such as they have increased Research and Development spending from $15.03 million in 2015 to $61.96 million in 2019.
Zscaler is Gartner Magic Quadrant leader for Secure Web Gateways. With it’s multi-tenant, distributed cloud security platform, it moves security into the internet backbone