What's Going On With Cybersecurity Provider Zscaler's Shares On Tuesday?
Portfolio Pulse from Shivani Kumaresan
Zscaler, Inc. (NASDAQ:ZS) and NVIDIA Corporation (NASDAQ:NVDA) have entered into a strategic partnership to enhance AI-driven security solutions. Zscaler will utilize NVIDIA’s AI to improve its Zero Trust Exchange platform, boosting defense mechanisms against cyber threats. Additionally, Zscaler has intensified its collaboration with Alphabet Inc (NASDAQ:GOOGL) (NASDAQ:GOOG) to fortify Zero Trust architectures. ZS stock has gained 19% in the past 12 months and is trading higher by 0.97% at $185.70.
June 11, 2024 | 3:30 pm
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POSITIVE IMPACT
Investors can gain exposure to Zscaler's stock via Global X Cybersecurity ETF (BUG), which may benefit from Zscaler's recent strategic partnerships.
Global X Cybersecurity ETF (BUG) includes Zscaler in its portfolio, and the recent positive developments for Zscaler could benefit the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Alphabet's Google has intensified its collaboration with Zscaler to fortify Zero Trust architectures, enhancing threat protection and data security for enterprise users.
The intensified collaboration with Zscaler to enhance Zero Trust architectures is a positive development for Alphabet, potentially boosting its enterprise security offerings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
Alphabet's Google has intensified its collaboration with Zscaler to fortify Zero Trust architectures, enhancing threat protection and data security for enterprise users.
The intensified collaboration with Zscaler to enhance Zero Trust architectures is a positive development for Alphabet, potentially boosting its enterprise security offerings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
POSITIVE IMPACT
NVIDIA has entered into a strategic partnership with Zscaler to enhance AI-driven security solutions. This collaboration highlights NVIDIA's expanding role in the cybersecurity sector.
The partnership with Zscaler underscores NVIDIA's expanding influence in the cybersecurity sector, which could positively impact its stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 80
POSITIVE IMPACT
Investors can gain exposure to Zscaler's stock via Spear Alpha ETF (SPRX), which may benefit from Zscaler's recent strategic partnerships.
Spear Alpha ETF (SPRX) includes Zscaler in its portfolio, and the recent positive developments for Zscaler could benefit the ETF's performance.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Zscaler has partnered with NVIDIA to enhance AI-driven security solutions and intensified its collaboration with Alphabet to fortify Zero Trust architectures. These strategic moves are likely to boost Zscaler's capabilities in cybersecurity.
The strategic partnerships with NVIDIA and Alphabet are significant for Zscaler, enhancing its cybersecurity capabilities and potentially driving further stock price appreciation.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100