From its IPO in March 2018 at $16, its 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 the cloud. During a pandemic where all the businesses moved to the cloud, Zsclaer has huge market demand.
Zscaler is 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 that 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 its multi-tenant, distributed cloud security platform, it moves security into the internet backbone.