Apr. 15 at 9:05 AM
ZScaler (
$ZS ) has undergone a fundamental transformation from a mere web security provider to a comprehensive AI and Zero Trust security platform, making it a key player for enterprises deploying AI. The company has
$1.8 billion in net cash, allowing it to aggressively acquire (Red Canary, SPLX, SquareX) and innovate without financial constraints. It is integrated with OpenAI, Microsoft, AWS and Google, protecting tens of thousands of organizations, and is growing at over 80% annually in the AI security segment. While competitors like CrowdStrike or Palo Alto struggle with high costs and low profitability, Zscaler generates strong free cash flow and adheres to the "Rule of 40" (growth + profit margin > 40%), which is conducive to long-term stability and sustainable growth. Its end-to-end AI and Zero Trust solutions place it among the most exclusive companies in the sector, although the market still underestimates it due to lack of media attention.
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