SAN JOSE, Calif. - Zscaler, Inc. (NASDAQ: NASDAQ:ZS), a company specializing in cloud security, has announced a collaboration with Google (NASDAQ:GOOGL) to integrate Zscaler Private Access (ZPA) with Chrome Enterprise. This partnership aims to provide a zero trust security solution for accessing private applications, enhancing protection against cyber threats such as malware and phishing attacks.
With the increase in cloud-based applications and the associated rise in security risks, the integration of ZPA and Chrome Enterprise Premium is designed to offer secure, zero trust access to private apps, minimizing the attack surface and preventing lateral threat movement. The recent Zscaler ThreatLabz 2024 Phishing Report highlighted a 60% surge in AI-powered phishing attacks, underscoring the need for robust cybersecurity measures.
The joint solution delivers several benefits, including simplified management and data protections through centralized control over browser settings, extensions, and data loss prevention functions. It also promises an enhanced user experience, allowing employees to work securely from any location on any managed device.
Dhawal Sharma, Senior Vice President and General Manager at Zscaler, emphasized the solution's ability to retire legacy systems like VPNs and firewalls without adding complexity to enterprise security. Mayank Upadhyay, VP Engineering at Google Cloud Security, echoed this sentiment, noting Google’s BeyondCorp model's influence on the collaboration and its contribution to secure, browser-based access without VPNs.
Recognized as a Leader in the 2024 Gartner (NYSE:IT) Magic Quadrant for Security Service Edge (SSE (LON:SSE)), Zscaler protects numerous customers with its Zero Trust Exchange platform, which is distributed across over 150 data centers worldwide. This partnership with Google Chrome Enterprise Premium is expected to further enhance the security offerings available to enterprises.
For more information, interested parties were directed to Google’s blog or the joint solution guide, and to visit the Zscaler booth at the RSA Conference in San Francisco. This article is based on a press release statement.
InvestingPro Insights
Zscaler, Inc. (NASDAQ: ZS) is making strides in the cybersecurity space with its recent collaboration with Google, which is reflected in its financial metrics and market sentiment. As of the last twelve months as of Q2 2024, Zscaler boasts a substantial market capitalization of $26.7 billion, indicating significant investor confidence in its business model and future prospects.
One of the key InvestingPro Tips for Zscaler is its impressive gross profit margin, which stands at 77.55%. This suggests that the company has a strong ability to control costs and generate profit from its sales, a crucial factor for potential investors to consider given the competitive nature of the cloud security industry. Additionally, analysts have revised their earnings upwards for the upcoming period, which could signal anticipated growth and a positive outlook for the company's financial performance.
Investors should note that while Zscaler's P/E Ratio is currently negative at -187.74, this is not uncommon for growth-oriented tech companies that are investing heavily in expansion. Moreover, the company's revenue has grown by 40.62% over the last twelve months as of Q2 2024, demonstrating robust top-line growth despite the lack of current profitability.
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