The company has ~950 FTEs and is based in San Jose, CA. The CEO, Jay Chaudhry, is at a 25.5% pre-offering ownership stake. While there is almost $20B spent annually on all of the aforementioned security products, the cloud security market, which is more immediately addressable for Zscaler, is much smaller today at <$5B, although it is growing very quickly. San Jose, California, March 22, 2018 Zscaler, Inc. (Nasdaq: ZS) today announced the closing of its initial public offering and the exercise in full of the underwriters’ option to purchase an additional 1,800,000 shares of its common stock. Symantec is a fierce competitor — Zscaler has a risk factor describing their legal proceedings with the company. The request received from you did not have an XFF header, so you are quite likely not going through the Zscaler proxy service. Below is a grid comparing the legacy and modern security approaches from the Zscaler S-1. Zscaler has a big TAM and can grow into its multiples. Analysts expect Zscaler to post earnings of ($0.37) per share for the quarter. EquityZen and TPG Growth are the most recent investors. In fiscal 2017, Zscaler had almost $6M in litigation-related expenses, and the Symantec proceedings are likely a big piece of that. Zscaler discloses their 2015 cohort of customers’ contribution margin over time. 5%+ pre-offering VC shareholders include TPG (8.7%). While the company’s cloud security TAM is still in the early innings today, the market is rapidly moving in their direction. Given Zscaler’s product suite stretches across a wide range of security markets, they believe their TAM is $17.7B annually based on IDC data. Their average subscription ACV (annual contract value) was ~$51,000 as of Jul. Customers increase their spend over time as evidenced in the chart below. On November 26, 2018, Zscaler was named a leader in Gartner Secure Web Gateways Magic Quadrant for the 8th year in a row. For inbound gateways, products typically include load balancers, DDoS prevention, external firewalls, VPN concentrators and internal firewall appliances. SAN JOSE, Calif., Feb 04, 2021 (GLOBE NEWSWIRE via COMTEX) -- Earnings Results to … 31 2017. That alone was significantly north of the firm’s last private-market valuation of $1.11 billion. They added $20M last quarter alone. Zscaler is registered under the ticker NASDAQ:ZS. Get insight into the most topical issues around the threat landscape, cloud security, and business transformation. The company’s billings accelerated from 49% last year to 73% this past quarter. While Zscaler has a wide range of security products; they offer two main cloud services (i) Zscaler Internet Access, or ZIA and (ii) Zscaler Private Access, or ZPA. They compete with legacy platform vendors like Symantec, Check Point, Fortinet and Palo Alto, networking vendors like Cisco and Juniper, and companies with strong point solutions like FireEye and F5 Networks. Do the numbers hold clues to what lies ahead for the stock? Zscaler is growing fast and at scale — they did $84.8M of revenue in the first 6 months of their fiscal year which ends Jul. Zscaler has raised $183M to date from investors including TPG, Lightspeed, CapitalG (Google Capital), Dell Technologies Capital, EMC Ventures and Sand Hill East. NTM (next-twelve-months) revenue will be a primary valuation metric along with 2018 and 2019 CY revenue estimates. The Investor Relations website contains information about Zscaler's business for stockholders, potential investors, and financial analysts. Their implied payback periods averaged 24 months over the past 9 quarters, and 20 months in the most recent quarter. Lead book running managers for the offering: A registration statement relating to these securities was filed with, and declared effective by, the U.S. Securities and Exchange Commission (“SEC”).  Copies of the registration statement can be accessed through the SEC's website at www.sec.gov.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Zscaler had negative free cash flow of $13.5 million in its last two quarters. Real time Zscaler (ZS) stock price quote, stock graph, news & analysis. Zscaler produces impressive net dollar retention and cohorts. The surface area vulnerable to attacks within enterprises has increased dramatically, opening the door for more security breaches. The company will trade under the ticker “ZS” on the Nasdaq Global Market and is the first SaaS IPO of 2018. Zscaler, the leading cloud security platform, filed for a $100M IPO with Morgan Stanley leading t he offering. It becomes the choke-point for all internet traffic and ensures malware doesn’t come in and internal data doesn’t get out. [CDATA[ Zscaler is funded by 4 investors. Zscaler, the leading cloud security platform, filed for a $100M IPO with Morgan Stanley leading the offering. I also looked at ARR multiples of public comparables against Zscaler’s in the second table below. Zscaleripo.net is owned by Zscaler Inc. Zscaleripo.net Whois Record, Domain History, Name Servers, IP, Geolocation They have $71.5M of cash on the balance sheet and raised $183M, implying they spent ~$111M to get to $175M in ARR. To receive these posts by email, click here. Enterprises need to address these risks while still delivering great user experiences and maintaining expensive, legacy security systems. //. Almost there! In this blog, Zscaler CEO Jay Chaudhry reflects on the last year as a public company. Their products (for outbound internet gateways) span across URL filtering, anti-virus, content filtering, branch firewalls, advanced threat protection, sandboxing and data loss prevention markets. Zscaler is an impressive business and one of the only cloud-first security platforms in market. Find IPO Stocks To Watch With The IPO Leaders Screen Zscaler went public one year ago in March 2018, quickly forming an 11-week base. Zscaler’s last round was at a $943M pre-money valuation ($110M round led by TPG in Aug-2015). The Zscaler Zero Trust Exchange protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications in any location. window.__mirage2 = {petok:"c00dcd6e0c4e9d51ed5c10cb0a0736d72795cb01-1614949110-2764800"}; Compared to its extant $71.6 million in cash and impending IPO haul, it will have more than enough capital for several years of growth. Zscaler is at $176M of ARR and growing 50%+ YoY. Natalia WodeckiGlobal PR Director[email protected], Zscaler Client Connector (formerly Z App), World’s First Next Generation Cloud Firewall. +1338.83% – Zscaler BEFORE IPO NETWORK – XCLUSIVE ACCESS TM Contact us today to stay up to date and to view our current Pre-IPO Opportunities. It's also still up ~4x from its March 2018 IPO at a mere $16 per share. Other Ticker Details ZS Company Name Zscaler Inc Earnings Call Date 25-02-2021 Time (ET) 16:30 Fiscal Quarter Q2 Fiscal Year 2021 Live Webcast URL The Zscaler IPO was managed by Morgan Stanley and Goldman Sachs. Zscaler, a security startup that confidentially filed for an IPO last year, closed out its first day of trading at $33/share, up 106% from its opening price of $16. Zscaler (ZS) delivered earnings and revenue surprises of 25.00% and 6.51%, respectively, for the quarter ended January 2021. Good afternoon, everyone, and welcome to the Zscaler fiscal second-quarter 2021 earnings conference call.On the call with me today are Jay Chaudhry, chairman … The company will trade under the ticker “ZS” on the Nasdaq Global Market and is the first SaaS IPO of 2018. If you had put $1,000 dollars into Zscaler stock on the IPO date of March 16, 2018, it would be worth $6,749 today. The MarketWatch News Department was not involved in the creation of this content. The IPO priced at $16, above an initial range of $13-15. Zscaler, the leading cloud security platform, filed for a $100M IPO with Morgan Stanley leading the offering. Traditional perimeter approaches are fracturing due to trends like workforce mobility, the move to the cloud, and the dramatic increase in volume and sophistication of attacks. At present share prices near $68, Zscaler trades at a market cap of $8.80 billion. Zscaler is a recent IPO and the valuation could be deemed high by traditional metrics given its early stage. Zscaler’s mission is to “empower organizations to realize the full potential of the cloud and mobility by securely connecting users to applications from any device, anywhere”. Zscaler is likely to trade more like a high-growth SaaS company given they are nearly a 100% cloud-based / subscription business. Their last pre-money was ~$940M and I suspect they close trading well above that after the first day’s close. Their customers also see the benefit of Zscaler’s large and growing customer base — once a new threat is detected it can be blocked for users across their entire customer base. Zscaler is growing ARR quickly and is larger than most SaaS companies at IPO (other SaaS IPO ARR ramps here). Zscaler’s market is certainly competitive given their breadth of products. These products span across a wide area of security markets — Zscaler has products in web security, a cloud firewall, advanced threat protection, anti-virus, data loss prevention and cloud application control. Zscaler also mentions IoT security as a future market opportunity. Zscaler Internet Access securely connects externally managed applications regardless of device, location or network. The company’s subscription pricing is calculated on a per-user basis and contracts are generally 1 to 3 years in length (mostly billed annually in advance); they have a variety of bundles based on customer size and which products customers want. Get Zscaler Inc (ZS:NASDAQ) real-time stock quotes, news, price and financial information from CNBC. From a technical view, the equity boasts a 214% year-to-date lead, and … If they can continue to execute they could be a de-facto option for enterprises wanting to secure applications as they move to the cloud. Over the past year, they added $59.8M of net new ARR. The stock then gapped up to a … Distributed across more than 150 data centers globally, the SASE-based Zero Trust Exchange is the world’s largest in-line cloud security platform. Outputs of other financials and metrics are below: Implied Ending ARR Over Past 10 Quarters ($M). Software giant Zscaler Inc (NASDAQ:ZS) has far from struggled over the long term.