Why Zscaler Stock Is Sinking Today
Shares of Zscaler (NASDAQ: ZS) are losing ground in Wednesday's trading on fears that a resource-rich competitor is moving in on its turf. The cybersecurity company's share price was down 6.3% as of 1:15 p.m. ET, according to data from S&P Global Market Intelligence.
Microsoft (NASDAQ: MSFT) published a press release yesterday announcing that it will be debuting new capabilities for its Azure cloud service and moving into secure-service-edge (SSE) offerings. With the move, the software giant appears to be encroaching on Zscaler's turf.
SSE software is a core offering for Zscaler and involves a collection of cloud-based network security services. These services are broken down across three categories -- secure web gateways (SWGs), cloud access security brokers (CASBs), and zero trust network access (ZTNA) frameworks.
Source Fool.com
Zscaler Inc Aktie
Reines Buy-Sentiment für Zscaler Inc, keine Sell-Einschätzungen in Sicht.
Das von der Community festgelegte Kursziel für Zscaler Inc von 235 € impliziert eine deutliche Steigerung gegenüber dem aktuellen Kurs von 132.5 €.
