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Stock impact report

Is Zscaler Stock Still a Top Cybersecurity Buy for 2024? [Yahoo! Finance]

Zscaler, Inc. (ZS) 
Last zscaler, inc. earnings: 2/20 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
On the contrary, the company is doing quite well, although its growth does continue to moderate. I remain optimistic for Zscaler and its cloud security peers, but is this still a top cybersecurity stock buy for 2024 and beyond? Is a top Zscaler competitor a threat? Let's start this discussion by acknowledging the changes that top cybersecurity pure play and Zscaler competitor Palo Alto Networks (NASDAQ: PANW) just announced. CEO Nikesh Arora explained a new go-to-market strategy during the last quarterly update, stating that Palo Alto would be giving away security products and services over the next year or so until customer contracts with competing security companies expire. It's a type of price war, so to speak, that will temporarily reduce Palo Alto's growth rate. Zscaler CEO Jay Chaudhry doesn't think this will work. But although Zscaler and Palo Alto do overlap in security offerings, the latter works at the convergence of traditional network hardware and newer cloud-based Show less Read more
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