The provider of cybersecurity solutions, Zscaler Inc. (ZS) has modified its cloud data protection solutions portfolio. The update allows it to enforce the famous Zero Trust concept on any cloud platform. This is a positive path for Zscaler that could provide revenue growth in the coming quarters.
The principle of Zero Trust implies that any system in the corporate IT infrastructure poses a potential threat. This Zero Trust network differs from the old method of building a virtual wall that separates the trusted safe zone from the vulnerable external world within the corporate network. This approach is obsolete, however as the Internet of Things, remote employees’ mobile devices and many other connections do not allow to build a secure firewall ‘wall.’ In response, the idea of Zero Trust emerged, which includes tracking and securing all elements of the network with the same degree of trust.
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With the Zscaler cloud security approach, Zscaler takes the Zero Trust rule to the cloud. The revised Zscaler solution package automates security policy delivery, including in IT environments with links to various cloud platforms. More than 4,500 customers have Zscaler, and most of them use cloud services, so the company can rely on the update’s success. The transition to the cloud is accelerating, and more than 65% growth in the next two years can be expected in this area.
Last week in the Gartner December 2020 Magic Quadrant for Safe Web Gateways, Zscaler has been recognized as the only Leader. Of all 12 vendors evaluated in the study, Zscaler is placed furthest in the ability to execute and highest in the completeness of vision. This was Zscaler’s 10th consecutive year of being recognized by Gartner Magic Quadrant as a Leader for Secure Web Gateways.
Share of Zscaler Inc. (ZS) rose by 4.32 percent on Friday to $195.88 at the ring of the bell. Over the week stock’s performance was +7.68 percent while the gain since the beginning of the year rises to 321.25 percent.