Movement Alert｜Zscaler Inc. Rises 5.01% in Regular Trading, Named Leader in Both Gartner SASE and SSE Magic Quadrants for Fifth Consecutive Year

Market Focus01:41

On August 5, Zscaler Inc. rose 5.01% in regular trading, trading at $162.225/share, with turnover of $209 million.

On the news front, Zscaler announced on August 4 that it was simultaneously recognized as a Leader in both the Gartner Magic Quadrant for SASE Platforms and the Magic Quadrant for Security Service Edge. Notably, the company has now been named a Leader in SSE for five consecutive years, reinforcing its dominant position in cloud security architecture.

The recognition comes amid a series of positive developments for Zscaler, including a strategic partnership with Amazon Web Services for joint integrations and go-to-market activities, as well as the launch of industry-first zero trust platform innovations to secure agentic AI deployments. Analysts at RBC Capital Markets and Wedbush have highlighted expanding opportunities driven by AI-related cybersecurity threats, with the company's serviceable addressable market estimated at $120 billion including over $16 billion in AI security alone. Guggenheim recently upgraded the stock to buy with a $214 price target.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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