ZS - Zscaler: Zero Trust Disrupting Traditional Firewall Architecture - Initiating With A Buy
2024-07-03 05:43:24 ET
Summary
- Zscaler is positioned in cloud security, offering services for users, workloads, cloud, and IoT/OT, with the potential to disrupt legacy firewall+VPN structure.
- ZS's Zero Trust platform provides integrated network and cloud security, enabling management of users, devices, and applications from any location.
- Large deals and bundles have accelerated the Company's margin and billing growth, with a forecast of 30%+ revenue growth in FY25 and a one-year price target of $230 per share.
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Zscaler: Zero Trust Disrupting Traditional Firewall Architecture - Initiating With A Buy