Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) is up +0.29%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.37%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.41%.  June E-mini S&P futures (ESM26) are up +0.28%, and June E-mini Nasdaq futures (NQM26) are up +0.39%.

Stocks are seeing support again today as reports circulate that a preliminary US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  Iran claimed it would continue to exert control over the Strait of Hormuz even after a new ceasefire agreement.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -1% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

Tech stocks are being undercut today by weakness in chip and software stocks.

In some positive news for stocks, the University of Michigan’s US Consumer Sentiment index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.

The markets are waiting to see how SpaceX will open for trading today after its IPO on Thursday.  Nasdaq says the shares will be released for quotation at 9:50 AM ET today, but it may take some time for regular trading to begin.

The markets are discounting a 4% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.4%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -8 ticks, and the 10-year T-note yield is up +3.2 bp at 4.493%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.7 bp at 2.313%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German Bund yield is down -1.6 bp at 3.015%.  The 10-year UK gilt yield is down -4.2 bp at 4.863%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, is expected to begin trading this morning after raising a record $75 billion in its IPO on Thursday.  The stock is expected to open substantially above its IPO price of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the SpaceX debut, with EchoStar (SATS) down more than -6%, and Rocket Lab (RKLB) down more than -5%.

Chip stocks are trading mostly lower today after Thursday’s sharp rally, with the iShares Semiconductor ETF (SOXX) trading slightly lower after Thursday’s rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include AMD (AMD) and Intel (INTC), with gains of more than +3%.

Adobe (ADBE) is down more than -8% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  ServiceNow (NOW), Atlassian (TEAM), and Workday (WDAY) are all trading down by more than -3%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL) and Southwest Airlines (LUV) are trading up more than +0.5%.

Energy stocks and service providers are mixed despite today’s continued slump in oil prices.  Baker Hughes is down more than -1%, but Occidental Petroleum (OXY) and Marathon Petroleum (MPC) are up more than +1%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22.  Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is down more than -1% after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR). On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

More news from Barchart

S&P Futures Climb as U.S.-Iran Peace Deal Nears, SpaceX Debut in FocusStocks Climb Before the Open on U.S.-Iran Peace Hopes, PPI Data in FocusNasdaq Futures Plunge as Tech Selloff Deepens, U.S. Inflation Data in FocusStocks Set to Extend Rebound Amid AI Dip-Buying

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) is up +0.58%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.91%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.64%.  June E-mini S&P futures (ESM26) are up +0.70%, and June E-mini Nasdaq futures (NQM26) are up +0.79%.

Stocks are seeing support again today as reports circulate that an interim US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran said its leaders still need to make a final decision on the proposed interim peace deal.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -3% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

In positive news for stocks, the University of Michigan’s June US Consumer Sentiment Index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.  Also, the University of Michigan’s June 1-year inflation expectations rate eased to +4.6% from +4.8% in May, and was weaker than expectations of +4.9%.  The June 5-10 year inflation expectations rate eased to +3.4% from +3.9% in May, weaker than expectations of +3.8%.

The markets are discounting a zero percent chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.9%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -3 ticks, and the 10-year T-note yield is up +1.6 bp at 4.477%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.1 bp at 2.306%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German bund yield is down -3.3 bp at 2.999%.  The 10-year UK gilt yield is down -6.6 bp at 4.839%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, started trading today near $160 per share, up nearly +20% from Thursday’s IPO of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the favorable SpaceX debut, with EchoStar (SATS) down more than -9%, and Rocket Lab (RKLB) down more than -7%.

Chip stocks recovered from early losses and are trading mostly higher.  The iShares Semiconductor ETF (SOXX) is up +2.25% today, adding to Thursday’s sharp rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include Arm Holdings (ARM)with a gain of more than +10%, and gains of more than +5% in Qualcomm (QCOM), AMD (AMD), and Intel (INTC).

Adobe (ADBE) is down more than -7% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  Autodesk (ADSK) is down more than -3% and Intuit (INTU) is down by more than -2%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL), American Airlines (AAL), and Southwest Airlines (LUV) are all up more than +3%.

Energy stocks and service providers are trading higher with today’s continued sell-off in crude oil prices.  Occidental Petroleum (OXY), Valero (VLO), and Marathon Petroleum (MPC) are all up more than +2%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22. Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is seeing downward pressure after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

The S&P 500 Index ($SPX) (SPY) is down -0.31%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.09%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.53%.  June E-mini S&P futures (ESM26) are down -0.15%, and June E-mini Nasdaq futures (NQM26) are down -0.37%.

Stocks are trading lower but are seeing support again today as reports circulate that a preliminary US-Iran peace agreement could be signed as early as this weekend, ending the military hostilities, reopening the Strait of Hormuz, and ending the US blockade on Iran and its oil exports.  Negotiations would then begin on the more intractable issues, such as sanctions against Iran, the release of $24 billion of frozen Iranian assets, and the resolution of Iranian nuclear issues.  However, Iran claimed it would continue to exert control over the Strait of Hormuz even after a new ceasefire agreement.Join 200K+ Subscribers: Find out why the midday Barchart Brief newsletter is a must-read for thousands daily.

Stocks surged on Thursday after President Trump said he canceled planned military strikes against Iran, citing "discussions" with Iranian leadership.  He added that a "time and place of the signing" of a negotiated end to the war would "be announced shortly," and the US naval blockade of the Strait of Hormuz "will remain in full force and effect until this transaction is finalized."

WTI crude oil prices (CLN26) are down more than -1% today on hopes for a near-term US-Iran agreement and a reopening of the Strait of Hormuz.

Tech stocks are being undercut today by weakness in chip and software stocks.

In some positive news for stocks, the University of Michigan’s US Consumer Sentiment index rose +4.1 to 48.9, which was stronger than expectations for a rise to 46.0.

The markets are waiting to see how SpaceX will open for trading today after its IPO on Thursday.  Nasdaq says the shares will be released for quotation at 9:50 AM ET today, but it may take some time for regular trading to begin.

The markets are discounting a 4% chance of a +25 bp rate hike at the next FOMC meeting on June 16-17.

Overseas stock markets are higher today.  The Euro Stoxx 50 is up +1.4%.  China's Shanghai Composite closed up +1.12%.  Japan’s Nikkei-225 Stock Average closed up +2.81%.

Interest Rates

September 10-year T-notes (ZNU6) today are down -8 ticks, and the 10-year T-note yield is up +3.2 bp at 4.493%.  T-notes are seeing weakness today as the 10-year inflation expectations rate is up +0.7 bp at 2.313%, despite today’s drop in oil prices.  The T-note market remains worried about inflation pressures, which are likely to remain sticky even after the Strait of Hormuz reopens.  The T-note market has some carry-over weakness from Thursday, when demand was lackluster for the Treasury’s 30-year bond auction.

European government bond yields are trading lower.  The 10-year German Bund yield is down -1.6 bp at 3.015%.  The 10-year UK gilt yield is down -4.2 bp at 4.863%.

On Thursday, the ECB, as expected, raised the deposit facility rate by +25 bp to 2.25% from 2.00% and said, "The outlook remains uncertain, with upside risks for inflation and downside risks for economic growth." Swaps are discounting a 37% chance of a +25 bp ECB rate hike at its next policy meeting on July 23.

US Stock Movers

Space Exploration Technologies Corp (SPCX), doing business as SpaceX, is expected to begin trading this morning after raising a record $75 billion in its IPO on Thursday.  The stock is expected to open substantially above its IPO price of $135.  The IPO was more than four times oversubscribed, indicating strong demand for the stock.  A strong showing by SpaceX today would be positive for investor sentiment and could help the upcoming IPOs for AI companies Anthropic and OpenAI.

Space-linked stocks are trading lower despite the SpaceX debut, with EchoStar (SATS) down more than -6%, and Rocket Lab (RKLB) down more than -5%.

Chip stocks are trading mostly lower today after Thursday’s sharp rally, with the iShares Semiconductor ETF (SOXX) trading slightly lower after Thursday’s rally of +8.39%.  Thursday’s rally was sparked by signs that AI spending is continuing after Oracle reported quarterly capital expenditures that were higher than expected, driven by increased data center spending.  Chip leaders today include AMD (AMD) and Intel (INTC), with gains of more than +3%.

Adobe (ADBE) is down more than -8% after CFO Dan Durn said he would leave the company on June 15, following news earlier this year that Adobe’s CEO would resign.  The Adobe news put continued downward pressure on software stocks, which were undercut on Thursday by negative earnings news from Oracle (ORCL).  ServiceNow (NOW), Atlassian (TEAM), and Workday (WDAY) are all trading down by more than -3%.

Airline stocks are seeing continued support after oil prices today moved lower, adding to Thursday’s decline.  United Airlines (UAL) and Southwest Airlines (LUV) are trading up more than +0.5%.

Energy stocks and service providers are mixed despite today’s continued slump in oil prices.  Baker Hughes is down more than -1%, but Occidental Petroleum (OXY) and Marathon Petroleum (MPC) are up more than +1%.

Astera Labs (ALAB), CoreWeave (CRWV), Nebius Group (NBIS), Rocket Lab (RKLB), and Teradyn (TER) are seeing support today after Nasdaq announced on Thursday that those stocks will join the Nasdaq 100 Index, effective at the market open on June 22.  Stocks leaving the Nasdaq 100 include Charter Communications (CHTR), Cognizant Technology Solutions (CTSH), Insmed (INSM), Verisk Analytics (VRSK), and Zscaler (ZS).

Travelers (TRV) is down more than -1% after Barclays cut its rating on the stock to underweight from equal-weight due to a downbeat outlook for profits in the property and casualty sector.

Earnings Reports(6/12/2026)

America's Car-Mart Inc/TX (CRMT), Atlantic International Corp (ATLN), Friedman Industries Inc (FRD), Liberty Live Holdings Inc (LLYVA), Pioneer Bancorp Inc/NY (PBFS), Richtech Robotics Inc (RR), Seneca Foods Corp (SENEB), Whitestone REIT (WSR).

On the date of publication, Rich Asplund did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Zscaler (ZS) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.

Over the past month, shares of this cloud-based information security provider have returned -18%, compared to the Zacks S&P 500 composite's -0.2% change. During this period, the Zacks Security industry, which Zscaler falls in, has gained 25.6%. The key question now is: What could be the stock's future direction?

Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.

Earnings Estimate Revisions

Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.

We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current quarter, Zscaler is expected to post earnings of $1.08 per share, indicating a change of +21.4% from the year-ago quarter. The Zacks Consensus Estimate has changed +531.3% over the last 30 days.

The consensus earnings estimate of $4.13 for the current fiscal year indicates a year-over-year change of +25.9%. This estimate has changed +436.5% over the last 30 days.

For the next fiscal year, the consensus earnings estimate of $4.58 indicates a change of +10.9% from what Zscaler is expected to report a year ago. Over the past month, the estimate has changed +0.8%.

With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Zscaler.

Story Continues

The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:

12 Month EPS12-month consensus EPS estimate for ZS

Projected Revenue Growth

While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.

In the case of Zscaler, the consensus sales estimate of $877.03 million for the current quarter points to a year-over-year change of +21.9%. The $3.33 billion and $3.9 billion estimates for the current and next fiscal years indicate changes of +24.5% and +17.3%, respectively.

Last Reported Results and Surprise History

Zscaler reported revenues of $850.47 million in the last reported quarter, representing a year-over-year change of +25.4%. EPS of $1.08 for the same period compares with $0.84 a year ago.

Compared to the Zacks Consensus Estimate of $834.76 million, the reported revenues represent a surprise of +1.88%. The EPS surprise was +8%.

The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.

Valuation

No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.

Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.

As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.

Zscaler is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.

Conclusion

The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Zscaler. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Zscaler, Inc. (ZS) : Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

This article first appeared on GuruFocus.

Rocket Lab (NASDAQ:RKLB), Astera Labs (NASDAQ:ALAB), CoreWeave (NASDAQ:CRWV), Nebius (NASDAQ:NBIS), and Teradyne (NASDAQ:TER) are joining the Nasdaq-100 on June 22, knocking out Charter Communications (NASDAQ:CHTR), Cognizant (NASDAQ:CTSH), Insmed (NASDAQ:INSM), Verisk Analytics (NASDAQ:VRSK), and Zscaler (NASDAQ:ZS) in the quarterly rebalance. Rocket Lab jumped 6.54% in premarket, Nebius gained 4.44%, CoreWeave added 3.30%, and Astera Labs rose 3.14%.

The five additions reflect the index's growing tilt toward AI infrastructure and space technology. CoreWeave and Nebius are both AI cloud providers, while Astera Labs designs high-speed connectivity chips for AI data centers. Rocket Lab has emerged as a leading small satellite launch provider. The inclusions follow Marvell Technology's addition to the S&P 500, also effective June 22, as benchmark rebalances increasingly favor AI-linked names.

SpaceX, set to begin trading Friday under SPCX, could eventually land in the index too once it clears eligibility requirements. The June 22 rebalance also coincides with Marvell Technology joining the S&P 500 on the same date.

Warning! GuruFocus has detected 6 Warning Signs with TSLA. Is RKLB fairly valued? Test your thesis with our free DCF calculator.

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

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Zscaler (NasdaqGS:ZS) has released new AI driven features for its Zero Trust SASE platform, including the ZAgent Framework, targeting security for autonomous AI agents across complex enterprise environments. The company has also announced new security offerings for endpoints, B2B partners, unmanaged devices, and Kubernetes, aimed at creating a more unified and automated protection layer. Fresh integrations with Oasis Security and Radiant Logic focus on identity governance and fast, secure access for both human and non human identities, with use cases in M&A and multi cloud setups.

Zscaler, trading at $126.11, sits in a challenging spot after its share price declined 42.8% year to date and 58.2% over the past year. Over a 5 year period the stock is down 41.4%, which may prompt investors to look closely at how new product moves and partnerships could influence sentiment around NasdaqGS:ZS.

The latest AI and Zero Trust updates position Zscaler to address risks that many enterprises are only starting to recognise, especially around autonomous AI agents and complex identity setups. Investors watching NasdaqGS:ZS may want to track how quickly customers adopt these new capabilities and integrations, as that could shape how the market views the company's role in securing AI heavy, multi cloud environments.

Wall Street's queuing for one rocket. While SpaceX counts down to its IPO, other companies tied to the new space race are already in orbit. → 20 Compelling Space Companies watchlist · Global Space Race Investing Ideas screener · Scan the sector by valuation on Rocket Lab's valuation page.NasdaqGS:ZS Earnings & Revenue Growth as at Jun 2026

We've flagged 2 risks for Zscaler. See which could impact your investment.

This update is really about Zscaler trying to turn its Zero Trust SASE platform into a broader control layer for human and machine identities, not just web and app traffic. The new ZAgent Framework and Zero Trust Browser tools are aimed at making deployment and troubleshooting easier, which matters for large enterprises that already manage many agents from Zscaler, CrowdStrike, Palo Alto Networks, Cisco and others. Extending protection to unmanaged devices, partners, endpoints and Kubernetes speaks to customer demand for a single policy engine across more traffic types, including AI-agent activity. The Oasis Security integration goes a level deeper by giving non human identities and AI agents proper lifecycle governance, while the Radiant Logic partnership focuses on Day 1 access in mergers and acquisitions, especially in complex healthcare settings. For investors, these moves point to a product story that leans into AI security, identity-centric controls and M&A use cases at a time when the share price has fallen sharply, so execution and customer adoption will be key to whether this broader platform pitch gains traction against competitors.

Story Continues

How This Fits Into The Zscaler Narrative

The expanded Zero Trust SASE platform, AI-agent security and identity partnerships with Oasis Security and Radiant Logic support the narrative that Zero Trust Everywhere and Data Security Everywhere can drive larger upsell deals and broader platform adoption. The push into more product areas, from endpoint sandboxing to Kubernetes microsegmentation and AI security, also echoes narrative risks that an aggressive launch cadence could keep margins under pressure if monetization or adoption lags expectations. The specific M&A Day 1 access pattern and non human identity governance are only partially reflected in the existing narrative, so investors tracking that story may want to factor in how these partnership-led use cases could influence contract sizes and retention over time.

Knowing what a company is worth starts with understanding its story. Check out one of the top narratives in the Simply Wall St Community for Zscaler to help decide what it's worth to you.

The Risks and Rewards Investors Should Consider

⚠️ Expanding into more product categories, including AI-agent security and Kubernetes microsegmentation, could increase complexity and keep sales and R&D spending elevated if customers are slow to standardize on the broader platform. ⚠️ Partnerships with Oasis Security and Radiant Logic add value but also raise integration and execution risk, especially as Zscaler competes with large security and cloud providers that are bundling identity and network security offerings. 🎁 Zscaler is tying its Zero Trust Exchange more closely to identity data and lifecycle governance, which can deepen its role in large enterprises and support higher spend per customer if these integrations become embedded in critical workflows like M&A. 🎁 Extending Zero Trust controls to unmanaged devices, B2B partner access, endpoints and multi cloud workloads gives Zscaler more touchpoints to address emerging AI related threats, which aligns with growing interest in securing autonomous AI agents.

What To Watch Going Forward

From here, it is worth watching how often these new capabilities and partnerships show up in large deals, especially with highly regulated sectors like healthcare and with complex M&A situations. Adoption of the ZAgent Framework as a central operations tool will be an indicator of whether customers see Zscaler as the primary control plane versus alternatives from Palo Alto Networks, Cloudflare or Microsoft. Investors may also want to track commentary on AI Protect bookings and non human identity use cases, since those will show whether securing autonomous AI agents and machine identities is becoming a material driver inside Zscaler's broader Zero Trust strategy.

To ensure you're always in the loop on how the latest news impacts the investment narrative for Zscaler, head to the community page for Zscaler to never miss an update on the top community narratives.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ZS.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Nasdaq's latest reshuffle of the Nasdaq-100 (NDX [https://seekingalpha.com/symbol/NDX]) appears to favor some of the market's strongest performers, with the five incoming companies significantly outperforming the five names set to leave the index.

Among the additions, Nebius Group (NBIS [https://seekingalpha.com/symbol/NBIS]) leads with a 165.5% gain year-to-date, followed by Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]) at 120.9%, Teradyne (TER [https://seekingalpha.com/symbol/TER]) at 97.0%, Rocket Lab (RKLB [https://seekingalpha.com/symbol/RKLB]) at 64.5%, and CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]) at 33.7%.

By contrast, Insmed (INSM [https://seekingalpha.com/symbol/INSM]) is down 44.4%, Zscaler (ZS [https://seekingalpha.com/symbol/ZS]) has fallen 43.9%, Cognizant (CTSH [https://seekingalpha.com/symbol/CTSH]) is lower by 38.3%, Charter Communications (CHTR [https://seekingalpha.com/symbol/CHTR]) has declined 33.4%, and Verisk Analytics (VRSK [https://seekingalpha.com/symbol/VRSK]) is down 18.6%.

The rebalance also highlights a notable split between Seeking Alpha's Quant Ratings and analyst sentiment. As per the Quant model, Nebius (NBIS [https://seekingalpha.com/symbol/NBIS]) is the only Strong Buy-rated stock among the 10 additions and deletions, while Insmed (INSM [https://seekingalpha.com/symbol/INSM]) is the lone Sell-rated name. However, Wall Street analysts remain overwhelmingly positive on Insmed, with both Seeking Alpha analysts and Wall Street assigning Strong Buy ratings. More broadly, Wall Street maintains Buy ratings on eight of the 10 companies, compared with just one Strong Buy and eight Holds from the Quant system.

NASDAQ-100 ADDITIONS:

* Nebius (NBIS [https://seekingalpha.com/symbol/NBIS]): Quant - Strong Buy | Wall Street - Buy | YTD +165.5%
* Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]): Quant - Hold | Wall Street - Buy | YTD +120.9%
* Teradyne (TER [https://seekingalpha.com/symbol/TER]): Quant - Hold | Wall Street - Buy | YTD +97.0%
* Rocket Lab (RKLB [https://seekingalpha.com/symbol/RKLB]): Quant - Hold | Wall Street - Buy | YTD +64.5%
* CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]): Quant - Hold | Wall Street - Buy | YTD +33.7%

NASDAQ-100 DELETIONS:

* Zscaler (ZS [https://seekingalpha.com/symbol/ZS]): Quant - Hold | Wall Street - Buy | YTD -43.9%
* Cognizant (CTSH [https://seekingalpha.com/symbol/CTSH]): Quant - Hold | Wall Street - Buy | YTD -38.3%
* Charter Communications (CHTR [https://seekingalpha.com/symbol/CHTR]): Quant - Hold | Wall Street - Hold | YTD -33.4%
* Verisk Analytics (VRSK [https://seekingalpha.com/symbol/VRSK]): Quant - Hold | Wall Street - Buy | YTD -18.6%
* Insmed (INSM [https://seekingalpha.com/symbol/INSM]): Quant - Sell | Wall Street - Strong Buy | YTD -44.4%

The latest rebalance highlights Nasdaq's increasing exposure to AI, semiconductor, cloud infrastructure, and space-related themes, while removing several stocks that have lagged both the broader market and the index's newest entrants in 2026.

MORE ON NASDAQ 100-INDEX, TERADYNE, ETC.

* May CPI Report: War Impact Remains Contained, Allowing The Fed To Stay On Hold [https://seekingalpha.com/article/4914425-may-cpi-report-war-impact-remains-contained-allowing-fed-to-stay-on-hold]
* Zscaler, Inc. (ZS) Presents at Zenith-live-2026 - Slideshow [https://seekingalpha.com/article/4914383-zscaler-inc-zs-presents-at-zenith-liveminus-2026-slideshow]
* AAII Sentiment Survey: Pessimism Surges [https://seekingalpha.com/article/4914354-aaii-sentiment-survey-pessimism-surges]
* Nasdaq quarterly reshuffle: adds CRWV, RKLB, TER, removes CTSH, CHTR, ZS [https://seekingalpha.com/news/4602831-nasdaq-quarterly-reshuffle-adds-crwv-rklb-ter-removes-ctsh-chtr-zs]
* Space stocks lift off ahead of SpaceX's blockbuster IPO [https://seekingalpha.com/news/4602477-space-stocks-lift-off-ahead-of-spacexs-blockbuster-ipo]

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

[NASDAQ MarketSite - Times Square] hapabapa

The Nasdaq-100 Index has completed its June 2026 quarterly reconstitution [https://seekingalpha.com/pr/20549567-nasdaqminus-100-index-june-2026-quarterly-changes], with changes taking effect before market open on June 22, 2026.

Five companies will be added to the index: Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]), CoreWeave (CRWV [https://seekingalpha.com/symbol/CRWV]), Nebius Group (NBIS [https://seekingalpha.com/symbol/NBIS]), Rocket Lab (RKLB [https://seekingalpha.com/symbol/RKLB]), and Teradyne (TER [https://seekingalpha.com/symbol/TER]).

Astera Labs (ALAB [https://seekingalpha.com/symbol/ALAB]), which provides semiconductor connectivity solutions for AI data centers, rose about 5% after the bell, while space technology company Rocket Lab (RKLB [https://seekingalpha.com/symbol/RKLB]) jumped nearly 11% on inclusion to the index. AI infrastructure company Nebius (NBIS [https://seekingalpha.com/symbol/NBIS]) also traded 3% higher.

The newly added stocks will replace more mature names; the index will drop Charter Communications (CHTR [https://seekingalpha.com/symbol/CHTR]), Cognizant Technology Solutions (CTSH [https://seekingalpha.com/symbol/CTSH]), Insmed (INSM [https://seekingalpha.com/symbol/INSM]), Verisk Analytics (VRSK [https://seekingalpha.com/symbol/VRSK]), and Zscaler (ZS [https://seekingalpha.com/symbol/ZS]).

MORE ON NASDAQ

* Nasdaq, Inc. (NDAQ) Presents at Morgan Stanley US Financials Conference 2026 Transcript [https://seekingalpha.com/article/4913280-nasdaq-inc-ndaq-presents-at-morgan-stanley-us-financials-conference-2026-transcript]
* Nasdaq, Inc. (NDAQ) Presents at Piper Sandler Global Exchange and Fintech Conference Transcript [https://seekingalpha.com/article/4911994-nasdaq-inc-ndaq-presents-at-piper-sandler-global-exchange-and-fintech-conference-transcript]
* Nasdaq, Inc. (NDAQ) Presents at 46th Annual William Blair Growth Stock Conference Prepared Remarks Transcript [https://seekingalpha.com/article/4911554-nasdaq-inc-ndaq-presents-at-46th-annual-william-blair-growth-stock-conference-prepared]
* SEC set to vote on plan to end 'trade-through' ban next week [https://seekingalpha.com/news/4601131-sec-set-to-vote-on-plan-to-end-trade-through-ban-next-week]
* Nasdaq U.S. equity trading volume rose 6.6% in May and 17% Y/Y [https://seekingalpha.com/news/4600440-nasdaq-us-equity-trading-volume-rose-66-in-may-and-17-yy]

Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Zscaler, Inc. ZS has been under heavy pressure since late May, especially following its third-quarter fiscal 2026 results. The stock has plunged 32.4% since its last quarterly results were reported on May 26 and is now trading close to its 52-week low. As of June 10, the stock closed at $124.73, only 8.8% above its 52-week low of $114.62.

Though Zscaler reported better-than-expected third-quarter results, its preliminary guidance for fiscal 2027 turned investors increasingly cautious about its long-term prospects. The company’s fiscal 2027 guidance for both revenues and annual recurring revenues (ARR) indicates a significant growth deceleration, projecting a slowdown to a 16% to 17% year-over-year increase.

This guidance represents a material drop from the company's prior growth trajectory. Zscaler previously hovered around a mid-20s growth rate for both ARR and revenues. Management's initial 2027 outlook implies a deceleration of about 800 to 900 basis points. The company attributed this cooling forecast to sales leadership turnover (including the departure of two key sales leaders), more conservative assumptions for landing new customers, and a slower-than-expected contribution from the Red Canary acquisition.

The recent sell-off extended ZS stock’s year-to-date decline to 44.5%, making it one of the weakest performers in the cybersecurity space. The decline looks even more significant when compared to the broader Zacks Internet – Software industry, which has surged 34.2% over the same period.

The stock has also underperformed its key competitors like Fortinet, Inc. FTNT, Palo Alto Networks, Inc. PANW and CrowdStrike Holdings, Inc. CRWD. Year to date, shares of Fortinet, Palo Alto Networks and CrowdStrike Holdings have rallied 74.8%, 40.3% and 37.8%, respectively.

Zscaler YTD Price Return PerformanceZacks Investment Research

Image Source: Zacks Investment Research

However, the recent sell-off may have created an opportunity rather than a reason to exit.

Zscaler’s Strong Fundamentals Remain Intact

Despite the market's reaction, Zscaler's core business remains healthy. The company continues to post robust growth metrics. Third-quarter revenues climbed 25% to $850 million, ARR increased 25% to $3.53 billion, and remaining performance obligations (RPO) rose approximately 30% to $6.5 billion. Large customer adoption also remains strong, with 748 customers generating more than $1 million in ARR and more than 4,000 customers contributing more than $100,000 in ARR.

Profitability continues to improve. Non-GAAP operating income grew 33% year over year, while the company maintained strong cash generation. Management highlighted that Zscaler achieved "Rule of 55" performance year to date, combining strong revenue growth with healthy free cash flow margins.

Story Continues

These numbers suggest that Zscaler's business is not facing a demand collapse. Instead, investors are reacting to a moderation in growth expectations after years of exceptionally rapid expansion.

Zscaler, Inc. Price, Consensus and EPS Surprise

Zscaler, Inc. price-consensus-eps-surprise-chart | Zscaler, Inc. Quote

AI Security Could Become a Major Growth Driver for ZS

One of the biggest reasons to remain invested in Zscaler is its growing role in AI security. Management believes AI is creating one of the strongest growth opportunities in the company's history. As enterprises increasingly deploy AI applications and autonomous AI agents, cybersecurity risks are becoming more complex. Zscaler's Zero Trust architecture is designed to address these emerging threats by hiding applications from attackers and preventing lateral movement within networks.

Zscaler is already seeing strong demand for its AI-focused offerings. AI Protect bookings surpassed $100 million over the past 12 months, reflecting growing customer interest in securing AI workloads and applications.

Zscaler has also strengthened its AI strategy through partnerships with Anthropic and OpenAI and its planned acquisition of Symmetry Systems. These initiatives should help the company expand its capabilities in securing AI agents and enterprise data environments.

Given the early stage of enterprise AI adoption, this market could provide a significant long-term growth runway.

ZS’ Platform Expansion Continues to Drive Growth

Another encouraging sign is Zscaler's ability to sell more products to existing customers. The company's Data Security business has crossed $500 million in ARR and is growing more than 30% year over year. Zero Trust Branch ARR has approximately tripled year over year, highlighting strong adoption beyond the company's traditional offerings.

Perhaps most impressive is the rapid growth of "Zero Trust Everywhere" customers, which use Zscaler's solutions across users, cloud workloads and branch environments. The number of these enterprise customers increased from more than 550 in the second quarter to over 700 in the third quarter.

The company is also benefiting from its Z-Flex program, which encourages customers to commit to larger multi-year contracts. Z-Flex generated more than $480 million in total contract value during the quarter, up more than 60% sequentially. Over the past year, the program has delivered more than $1 billion in contract value.

These trends suggest that customer demand remains healthy and platform adoption is deepening.

Zscaler’s Valuation Now Looks Attractive

The recent correction has significantly reduced Zscaler's valuation premium. The stock currently trades at a forward 12-month price-to-sales (P/S) ratio of 5.27, far below the industry average of 14.75.

Zscaler Forward 12-Month Price-To-Sales RatioZacks Investment Research

Image Source: Zacks Investment Research

It also trades at a substantial discount to major peers, including Fortinet, Palo Alto Networks and CrowdStrike. Fortinet, Palo Alto Networks and CrowdStrike trade at forward P/S multiples of 12.48, 16.02 and 25.70, respectively.

This discount appears excessive, given Zscaler's strong revenue growth, expanding profitability and leadership position in Zero Trust security. While growth may slow in fiscal 2027, the company is still expected to deliver mid-to-high teens growth while generating healthy margins and cash flows.

Conclusion: Hold Zscaler Stock for Now

Zscaler's near-term outlook has clearly disappointed investors. However, the company continues to execute well operationally, expand its product portfolio, deepen customer relationships and position itself at the center of the rapidly growing AI security market.

Zscaler’s strong fundamentals, improving profitability, multiple long-term growth drivers and a valuation that has become far more reasonable after the sell-off suggest staying invested in the stock.

Currently, Zscaler carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

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This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research

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Haftungsausschluss: Der Text wurde mit Hilfe einer KI zusammengefasst und übersetzt. Für Aussagen aus dem Originaltext wird keine Haftung übernommen!

Zscaler, Inc.

While total phishing volume declined for the second year in a row, ThreatLabz identified 413,524 AI-generated site instances, underscoring how quickly adversaries can scale high-fidelity phishing

News Highlights

Quality Over Quantity: Phishing volume fell 20% for the second year in a row as attackers recalibrate to high-fidelity, AI-accelerated lures. Services Sector Surge: Targeted hits against the Services sector jumped 65.5%, as adversaries exploit trust-based workflows like billing and renewals. The Encryption Blind Spot: 95.2% of phishing attempts now hide in encrypted traffic, bypassing legacy security stacks that lack deep TLS inspection. "Text-to-Site" Weaponization: ThreatLabz identified over 413,000 AI-generated phishing instances, proving how easily attackers can now spin up polished, malicious sites. MFA Under Threat: Sophisticated kits like "BlackForce" are being deployed to hijack active sessions and bypass multi-factor authentication in real-time. Reconnaissance Exposed: Deception telemetry recorded 89.9 million hostile interactions from 1.37 million unique attacker IPs in six months, revealing large-scale scanning and credential validation before compromise.

LAS VEGAS, June 10, 2026 (GLOBE NEWSWIRE) -- Zenith Live 2026 -- Zscaler, Inc. (NASDAQ: ZS), the cybersecurity platform for the AI era, today announced the release of the Zscaler ThreatLabz 2026 Phishing and Initial Access Report. Based on the comprehensive telemetry across the world's largest inline security cloud, spanning phishing activity, encrypted sessions, and deception decoy interactions, the research reveals a fundamental shift in the economics of cybercrime: while overall phishing volume dropped for the second consecutive year (down 20% year-over-year (YoY)), the effectiveness and sophistication of attacks have surged.

Threat actors are increasingly utilizing AI-powered "text-to-site" tools and real-time session hijacking kits to bypass multi-factor authentication (MFA). Crucially, adversaries are heavily cloaking these sophisticated campaigns, with 95.2% of phishing attempts now hiding within encrypted traffic to bypass legacy security stacks. Furthermore, newly unveiled deception telemetry, capturing nearly 90 million hostile interactions, reveals that attackers are aggressively scanning and probing enterprise identities and collaboration platforms long before the initial compromise occurs.

"We are witnessing a strategic recalibration in the way adversaries approach initial access," said Deepen Desai, Chief Security Officer, Zscaler. "The decline in raw phishing volume isn't a sign of retreat; it's a sign of evolution. Attackers are trading quantity for quality, using GenAI to eliminate traditional 'tells' like poor grammar and generic lures. With 95% of phishing now hiding in encrypted traffic, organizations can no longer afford to leave their TLS traffic uninspected. A Zero Trust architecture is the only way to break the attack chain, from discovery to data exfiltration."

Story Continues

How Adversaries Are Using GenAI for High-Fidelity Initial Compromise The report highlights how AI has become the primary engine for modern intrusion. ThreatLabz identified 413,524 AI-generated site instances, with nearly 10% flagged as explicitly malicious. Tools like Manus AI, Blackbox AI, and Lovable AI are being weaponized to spin up polished, brand-consistent phishing portals in minutes, tasks that previously required days of manual development.

These AI-generated lures are particularly effective at mimicking trusted workflows. The Services sector bore the brunt of this shift, experiencing a 65.5% YoY surge in hits as attackers exploited trust-based interactions like billing, onboarding, and support renewals.

Additional Findings From the 2026 Report Include:

The Global Landscape: The U.S. remains a top target for email phishing attacks; Brazil saw a 2,522% surge in phishing hosting, becoming a top-five global origin. Industry Breakdown: Manufacturing and Government remain primary targets for email phishing attacks, with Government hits up 50% as attackers pursue high-value intelligence. Credential Harvesting Trends: Microsoft and Google are the most imitated brands for phishing attacks, showing continued focus on compromising enterprise identity systems. Detection Evasion: Encryption is now the default for cybercriminals, with 87% of malicious activity delivered via HTTPS. Hostile Scanning Activity: Attackers are leveraging legitimate cloud infrastructure for reconnaissance, using over 121,000 unique Public Cloud-hosted IPs to probe environments.

Deception Technology Unmasks Attacker Intent Zscaler telemetry from global decoys captured nearly 90 million hostile interactions across 1.37 million unique attacker IPs. This data confirms that adversaries are aggressively probing collaboration and identity platforms to find weak spots, and test assumptions about what defenses will give.

Mitigating the Path to Compromise To counter these evolving threats, the Zscaler Zero Trust Exchange™ platform delivers the AI security platform built on Zero Trust that:

Minimizes Attack Surface Discovery: Reduces exposure by hiding applications behind a cloud-delivered proxy, while leveraging Deception technology to surface reconnaissance attempts via scanning, probing, and credential validation attempts early. Helps Eliminate Initial Compromise: Blocks AI-enabled phishing and session-based attacks with AI-driven inline inspection, including full TLS/SSL inspection, to expose threats hiding in encrypted traffic. Stops Lateral Movement: Connects users directly to applications and enforces Zero Trust access controls to prevent attackers from moving from a single foothold to broader environments. Prevents Data Loss: Reduces breach impact with AI-powered data protection to identify sensitive data in motion and prevent unauthorized sharing or exfiltration.

For a deeper dive into the findings and best practices for securing your organization, download the full Zscaler ThreatLabz 2026 Phishing and Initial Access Report at https://www.zscaler.com/campaign/threatlabz-phishing-initial-access-report.

Methodology ThreatLabz analyzed over 500 trillion daily signals from the Zscaler Zero Trust Exchange, blocking over 9 billion threats daily. The report is based on data collected from January to December 2025, supplemented by deception telemetry observed between October 2025 and March 2026.

About Zscaler Zscaler (NASDAQ: ZS) is a pioneer and global leader in zero trust security. The world's largest businesses, critical infrastructure organizations, and government agencies rely on Zscaler to secure users, branches, applications, data & devices, and to accelerate digital transformation initiatives. Distributed across 160+ data centers globally, the Zscaler Zero Trust Exchange™ platform combined with advanced AI combats billions of cyber threats and policy violations every day and unlocks productivity gains for modern enterprises by reducing costs and complexity.

Media Contact Nick Gonzalez, Director of Global Public Relations, press@zscaler.com

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