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PANW - Zscaler: High Growth Should Continue For The Foreseeable Future
Palo Alto Networks Inc.
2024-04-13 05:39:14 ET
Summary
Zscaler is expected to see accelerated growth in the near term, with sustained growth above 30% and a proven track record of winning market share.
The company offers cloud-based enterprise and network security solutions, positioning itself as a crucial enabler of secure SD-WAN and benefiting from the long-term tailwind of increasing cybersecurity needs.
Additional growth drivers, such as federal spending and a new go-to-market model, are expected to support Zscaler's growth above 30% and justify its premium valuation compared to peers.