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SG Americas Securities LLC Reduces Holdings in Zscaler as the Company Outperforms Expectations in Recent Earnings Report

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On September 19, 2023, investment firm SG Americas Securities LLC revealed a significant decrease in its holdings of Zscaler, Inc. (NASDAQ:ZS) shares during the second quarter. According to the company’s latest Form 13F filing with the Securities & Exchange Commission, SG Americas Securities LLC’s holdings in Zscaler saw a reduction of 64.1%, equivalent to selling 49,646 shares. As a result, the fund now possesses 27,800 shares of the company’s stock. The total value of these remaining shares at the time of filing was estimated to be $4,067,000.

This decrease in SG Americas Securities LLC’s stake in Zscaler demonstrates a significant shift in their investment strategy within the technology sector. Typically, such moves speak volumes about an investor’s outlook on a particular company or industry.

Earlier this month, Zscaler released its quarterly earnings results for the period ending September 5th. The company exceeded analysts’ expectations by reporting earnings per share (EPS) of $0.64 compared to consensus estimates of $0.49 EPS, representing an increase of $0.15 EPS.

During this quarter, Zscaler generated revenue totaling $455 million, surpassing analysts’ projected revenue of $430.38 million. This marks a substantial growth rate of 43% compared to the same quarter last year when considering revenue figures alone.

Moreover, it is worth noting that Zscaler struggled with negative financial performance indicators such as negative return on equity and negative net margin during this reporting period. These factors reveal potential concerns about profitability and operational efficiency within the organization.

Despite these challenges, research analysts anticipate that Zscaler will post -1.13 earnings per share for the current fiscal year when considering all quarters combined.

Zscaler holds significant importance within the technology sector due to its specialization in cloud-based security services and solutions aimed at safeguarding enterprise networks and data. As the reliance on cloud computing and remote work continues to expand, companies like Zscaler are well-positioned to capitalize on this growing market.

Investors closely monitor the financial…

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Ransomware Protection Market Size to 2023-2030 By Key Players-Mcafee, Llc, Ao Kaspersky Lab, Bitdefender – The Knox Student

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Several important driving forces are responsible for the Ransomware Protection Market expansion. First and foremost, the sector has undergone a revolution thanks to quick technology breakthroughs, which have made it possible to create new goods and services. Demand has also increased as a result of changing consumer preferences and rising consumer awareness of Ransomware Protection . Additionally, supportive policies and favorable government laws have encouraged industry growth and investment. Access to new Markets and clientele has also been made easier through smart alliances and partnerships within the sector. These elements are working together to drive the Ransomware Protection Market to new heights, and the outlook is positive for continued expansion over the next few years.

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Discover the boundless possibilities with Ransomware Protection Market! As a pioneering force in the industry, we redefine excellence through unmatched products and services. Our customer-driven approach and relentless pursuit of innovation have catapulted us to the forefront. Join our network of satisfied clients and experience the transformative power of Ransomware Protection Market, where growth knows no bounds. Elevate your business to new heights with us today!

In the coming years, the global Ransomware Protection Market is set to experience steady growth, driven by a combination of continuous technological advancements, growing environmental awareness, and the rising need for streamlined operations. To seize the evolving market opportunities, industry players are anticipated to concentrate on product innovation, strategic collaborations, and geographical expansion.

The research study includes profiles of leading companies operating in the Ransomware Protection Market :

  • Mcafee
  • Llc
  • Ao Kaspersky Lab
  • Bitdefender
  • Fireeye
  • Inc
  • Malwarebytes
  • Sentinelone
  • Sophos Ltd
  • Symantec Corporation
  • Trend Micro Incorporated
  • Zscaler
  • Inc

This Ransomware Protection Market report reveals several key market methods that may assist businesses in leveraging their…

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IoT (Internet of Things) Security Market 2023 Share Value by Leading Players – Symantec Corporation, Cisco Systems, Inc., International Business Machines Corporation, RSA Security LLC, Fortinet Inc.

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The Global IoT (Internet of Things) Security Market Report offers a thorough and in-depth analysis of the industry to aid clients in understanding the situation, effectiveness, and development potential of the market. The purchasers of the reports profit from this. The study also looks into important worldwide companies, their marketing plans, and their investing ideologies in order to provide readers with a better grasp of possible industry trends. Customers may use the information in this report to more precisely identify the potential opportunities in the global IoT (Internet of Things) Security Market and to create plans to take advantage of those opportunities for higher profitability.

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Leading players of IoT (Internet of Things) Security Market including:

Symantec Corporation, Cisco Systems, Inc., International Business Machines Corporation, RSA Security LLC, Fortinet Inc., and Palo Alto Network.

The COVID-19 pandemics effects are taken into consideration in the worldwide IoT (Internet of Things) Security market research, making it possible for readers to understand how the pandemic impacted the markets nature and the current developments that are most probable to have an impact on it going forward. In addition to providing a detailed analysis of the several businesses that compete in the worldwide IoT (Internet of Things) Security market, the report also provides an overview of recent technology developments and production possibilities. The report examines such markets anticipated size and developments years 2022 through 2029 in order to aid readers in identifying fresh business opportunities. The COVID-19 pandemic has had a large impact on the worlds IoT (Internet of Things) Security marketplace, making it difficult for companies to continue making money.

The analysis analyzes the industrys competitive environment in great detail and identifies the major market drivers and market restraints. The Global IoT (Internet of Things) Security Market Report shows that despite the COVID-19 disruption, there is still room for…

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Intech Investment Management LLC Has $761,000 Stock Holdings in Zscaler, Inc. (NASDAQ:ZS)

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Intech Investment Management LLC lowered its stake in shares of Zscaler, Inc. (NASDAQ:ZS – Get Rating) by 43.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 6,805 shares of the company’s stock after selling 5,144 shares during the period. Intech Investment Management LLC’s holdings in Zscaler were worth $761,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Zscaler by 14.1% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 557,345 shares of the company’s stock worth $134,476,000 after buying an additional 68,982 shares in the last quarter. AlphaCrest Capital Management LLC bought a new position in shares of Zscaler during the 1st quarter worth approximately $244,000. D.A. Davidson & CO. lifted its position in shares of Zscaler by 41.6% during the 1st quarter. D.A. Davidson & CO. now owns 1,130 shares of the company’s stock worth $273,000 after buying an additional 332 shares in the last quarter. MetLife Investment Management LLC bought a new position in shares of Zscaler during the 1st quarter worth approximately $1,232,000. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Zscaler by 1.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 121,598 shares of the company’s stock worth $29,338,000 after purchasing an additional 2,153 shares during the period. Institutional investors and hedge funds own 45.33% of the company’s stock.

Zscaler Stock Performance

ZS opened at $125.27 on Monday. The firm has a 50-day simple moving average of $106.21 and a two-hundred day simple moving average of $117.54. Zscaler, Inc. has a 52 week low of $84.93 and a 52 week high of $194.21. The company has a debt-to-equity ratio of 2.16, a current ratio of 2.01 and a quick ratio of 2.01.

Zscaler (NASDAQ:ZS – Get Rating) last announced its earnings results on Thursday, March 2nd. The company reported ($0.35) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.43) by $0.08. The firm had revenue of $387.60 million for the quarter, compared to…

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