ZScaler was IBD's Stock of the Day


Zscaler stock has climbed on views it will take share from industry incumbents as more employees work from home.

Amid the coronavirus pandemic, Zscaler says many existing customers have increased usage of its security network to support remote workers. In a recent blog, the company said “since January, Zscaler Private Access has experienced traffic increases exceeding 10X.”

Of course, all is not rosy, as pointed out in the article, 90% of ZScaler’s revenue comes from its older security gateway products, like ZIA.