| operations | | 0. | | 0. | comment |
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| 1. | | parent_author | "" |
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| parent_permlink | steemleo |
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| author | rollandthomas |
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| permlink | zscaler-s-price-chart-reminds-me-of-the-spacex-rocket-launch |
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| title | "Zscaler's Price Chart Reminds Me Of The SpaceX Rocket Launch" |
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| body | "<center>https://mentormarket.io/wp-content/uploads/2019/09/zscaler.png</center> <br/>
<p> Zscaler, Inc. operates as a cloud security company worldwide. The company's flagship services include Zscaler Internet Access solution that connect users to externally managed applications, including software-as-a-service applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to internally managed applications, either hosted internally in data centers, and private or public clouds.</p>
<p>Have you ever head of Amazon Web Service...it's the reason why Amazon remains in business and funds Amazon's expansion plans into everything? It's their printing press for most of Amazon's profits. Despite AWS representing only 11% of Amazon’s total revenue of the $3.88 billion in operating income that Amazon had in the fourth quarter, $2.60 billion of it, or 67%, was attributable to AWS.
Because AWS holds almost 50% of the market, hackers send bots to GitHub to look for digital access keys to Amazon Web Services and other cloud systems. However, COVID-19 has just increased the stakes.
Min March, Twitter CEO Jack Dorsey, informed his employees that they can continue working from home “forever.”
Facebook CEO Mark Zuckerberg said this past week that some employees will have the option to work from home permanently.
Last month, Google has extended its work-from-home policy for the remainder of 2020 after previously telling employees that they would be working remotely until June 1st.
<blockquote class="wp-block-quote">
Zscaler is the biggest provider of cloud-based web security gateways that inspect customers' data traffic for malware. It provides cloud-based cybersecurity services via 150 data centers worldwide.
As more employees work from home amid the coronavirus pandemic, Zscaler stock has climbed on views it will take share from industry incumbents. Many companies have upgraded virtual private networks, or VPNs, to support remote work.
Rivals such as Fortinet (FTNT) sell firewall products that make VPNs more secure. However, the Zscaler Private Access, or ZPA cloud service, replaces VPNs.
Chief Executive Jay Chaudhry said in a news release. "The digital transformation that is driving our business is further accelerating, and we believe the Zscaler cloud security platform is best positioned to help our customers thrive no matter where their teams are working."
</blockquote>
<center><a href="https://www.investors.com/news/technology/zscaler-earnings-zs-stock-q12020/?src=A00220&yptr=yahoo">Source</a></center>
This past week, Zscaler reported earnings that beat Wall Street expectations. The company reported a loss of $19.3 million, compared with a net loss of $12.2 million a year ago. However, revenue rose to $110.5 million from $79.1 million in the year-ago period. The company said it expects revenue in the range of $117 million to $119 million for the next quarter.
Jay Chaudhry, chairman and CEO of cybersecurity was on Jim Cramer's Mad Money and said the companies mission is to allow employees to work from anywhere, so when COVID-19 hit, they were ready and could help companies quickly transition to working remotely. Despite Zscaler being the #1 player in the field, Jay said the cybersecurity market is big enough for all players and the rollout of 5G wireless will create new opportunities.
When you factor in increased income and revenue, along with a seismic move by companies to work remotely, it no wonder Zscaler stock has gained 63% this year vs. S&P 500 index down 6%. So where is Zscaler's stock price heading next, to the space station like the SpaceX rocket, so what until it comes back to earth at the weekly demand at $65 before getting onboard for another trip to the space station?
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
<center>https://steemitimages.com/DQmRhDtjokAZnGKi4QwheqksKTFo6m4fsjMYsNNrsitC1xk/upvote%20banner3.gif</center>" |
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