Latest news with #Avalor
Yahoo
6 days ago
- Business
- Yahoo
Zscaler (ZS) Stock Trades Up, Here Is Why
Shares of cloud security platform Zscaler (NASDAQ:ZS) jumped 8.4% in the morning session after the company reported impressive first-quarter 2025 results, with billings, revenue, EPS, and adjusted operating income outperforming Wall Street's estimates. Management clarified there were no changes in the macro environment, which tempered growing concerns cited by peers that reported earlier. Notably, broader market trends around AI and cybersecurity, highlighted by a reported 3,000% increase in enterprise AI usage, suggested an expansion in the addressable market. This is expected to be augmented by recent acquisitions, including Red Canary and Avalor, for data security management. Red Canary reported $140M ARR (annual recurring revenue) earlier in the year, suggesting it will be a significant contributor to growth. Looking ahead, Zscaler reported optimistic full-year EPS guidance, which exceeded analysts' expectations. Overall, we think this was still a solid quarter with some key areas of upside. Is now the time to buy Zscaler? Access our full analysis report here, it's free. Zscaler's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest move we wrote about over the last year was 9 months ago when the stock dropped 17.8% on the news that the company reported second-quarter earnings. Its billings guidance for next year was slightly below expectations, and furthermore, suggested ean acceleration in growth throughout the year. Management specifically detailed "year-over-year billings growth of approximately 13% in the first half, accelerating to 23% growth in the second half". This made the market quite uncomfortable. On the other hand, Zscaler beat analysts' billings, revenue, and operating income expectations this quarter. Zooming out, we think this was a solid quarter featuring some areas of strength, but the outlook seemed to be weighing on shares. Zscaler is up 49.5% since the beginning of the year, and at $271.65 per share, has set a new 52-week high. Investors who bought $1,000 worth of Zscaler's shares 5 years ago would now be looking at an investment worth $2,470. Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. Fehler beim Abrufen der Daten Melden Sie sich an, um Ihr Portfolio aufzurufen. Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten Fehler beim Abrufen der Daten
Techday NZ
29-05-2025
- Business
- Techday NZ
Zscaler to acquire Red Canary to boost AI-powered security ops
Zscaler has agreed to acquire Managed Detection and Response provider Red Canary as part of an expansion of its AI-powered security operations capabilities. Zscaler stated that Red Canary's decade-long expertise in security operations enables customers to investigate threats up to ten times faster with 99.6% accuracy, aided by streamlined workflows and automated remediation. This acquisition will bring Red Canary's threat detection and response across endpoints, identity, network, and cloud workloads together with Zscaler's Zero Trust Exchange Platform and Data Fabric. The companies said the combination will form a unified Security Operations Center with agentic AI that fuses AI-driven workflows and human expertise. According to Zscaler, the move is intended to help security teams improve the speed and efficiency in detecting, triaging, investigating, and responding to threats, while aiming to reduce missed signals and incomplete threat analysis that can leave organisations vulnerable. Jay Chaudhry, CEO, Chairman, and Founder of Zscaler, said: "With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust ExchangeTM platform. The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations." Zscaler reported that it provides protection to nearly 45% of the Fortune 500, running a cloud security platform that processes more than 500 billion daily transactions. Over its 15-year history, the company has developed AI-driven solutions leveraging a comprehensive dataset, such as Zscaler Digital Experience (ZDX) and Zscaler Exposure Management. Red Canary has been recognised for its contributions to managed detection and response, being named a Leader in the Forrester Wave: Managed Detection and Response for the third year running and featured in the Gartner Market Guide for MDR for the past seven years. Within security operations centres, Red Canary's technology helps automate remediation workflows, improving efficiency in response processes. Zscaler described the transaction as uniquely positioned to address operational pain points linked to missed signals and increased vulnerability from undetected threats. The companies expect that their combined platforms and expertise will provide organisations with the tools to address current cyber security challenges more confidently and with precise response capabilities. Brian Beyer, CEO of Red Canary, commented: "For over 10 years, we've protected our customers by combining high-fidelity signals with agentic AI, behavioral analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response. As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. Zscaler's global scale and reach provide the resources and granular data needed to fuel advanced AI, threat intelligence, and detection engineering, giving us a broader view of adversary behavior while enabling faster innovation across the board. Both companies share a relentless commitment to quality, execution, and delivering exceptional outcomes for our customers." The completion of the acquisition remains subject to customary closing conditions and regulatory approvals. The companies anticipate closing the transaction in August 2025.
Yahoo
28-05-2025
- Business
- Yahoo
Zscaler to acquire Red Canary
IT security company Zscaler has agreed to acquire Red Canary, a managed detection and response (MDR) provider. Financial terms of the deal have not been disclosed. The acquisition aims to transform security operations (SecOps) by integrating Red Canary's rapid threat investigation capabilities with Zscaler's extensive data and AI-driven workflows, Zscaler said. Red Canary helps in streamlining security workflows through automated remediation. Zscaler CEO, chairman, and founder Jay Chaudhry said: 'With our innovative AI-powered risk management services like Risk360 and the acquired data fabric technology from Avalor, we are disrupting legacy security operations just like we did with our Zero Trust Exchange platform. 'The proposed acquisition of Red Canary is a natural expansion of our capabilities into managed detection and response and threat intelligence to accelerate our vision of AI-powered SOC of the future. By integrating Red Canary with Zscaler, we will deliver to our customers the power of a fully integrated Zero Trust platform and AI-powered security operations.' Zscaler intends to integrate Red Canary's strengths with its own data assets and global intelligence from its ThreatLabz Security Research team to establish a unified Security Operations Center powered by both AI and human insight. Currently protecting close to 45% of Fortune 500 companies, Zscaler operates a large-scale cloud security platform that handles over 500bn transactions daily. The company has used this data foundation to develop AI-driven solutions such as Zscaler Digital Experience and Zscaler Exposure Management. Zscaler said the acquisition aims to address operational challenges in threat detection, including missed signals and incomplete analyses. By combining their respective technologies and expertise, Zscaler and Red Canary plan to offer improved threat triage, investigation, and response capabilities. Red Canary CEO Brian Beyer said: 'For over ten years, we've protected our customers by combining high-fidelity signals with agentic AI, behavioural analytics, and global threat intelligence—delivering fast, accurate, and high-quality threat detection and response. 'As part of Zscaler, we will elevate how IT and security teams address the rapidly shifting threat landscape with the strength of our combined technology and expertise. 'Zscaler's global scale and reach provide the resources and granular data needed to fuel advanced AI, threat intelligence, and detection engineering, giving us a broader view of adversary behaviour while enabling faster innovation across the board.' Subject to standard regulatory approvals and other customary conditions, the deal is expected to close in August 2025. "Zscaler to acquire Red Canary" was originally created and published by Verdict, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
