Report
Mark Cash
EUR 100.00 For Business Accounts Only

Scales Tip in Zscaler's Favor as Cloud Shift Continues: Raising Moat and Trend Ratings and FVE

We remain impressed by Zscaler's security-as-a-service offering, and while the firm’s business model and security approach are in their early innings, we see a long runway for growth in an addressable market worth tens of billions of dollars. We are raising our moat rating to narrow from none, as well as our moat trend rating to positive from stable, as we believe the company benefits from customer switching costs as enterprises adopt the capabilities encompassed by its two flagship solutions: Z...
Underlying
Zscaler Inc.

Zscaler is a cloud security company that developed a platform incorporating security functionalities needed to enable users to safely utilize authorized applications and services based on an organization's policies. The company's solution is a purpose-built, multi-tenant, distributed cloud security platform that secures access for users and devices to applications and services, regardless of location. The company delivers its solutions using a software-as-a-service business model and sells subscriptions to customers to access its cloud platform, together with related support services. The company conducts business worldwide, with presence in North America, Europe and Asia.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Mark Cash

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