Solid Execution, Secular Tailwinds Continue to Drive Strong Results at Zscaler; Maintaining FVE
Zscaler delivered stellar fiscal second-quarter results, with both the top and bottom line coming in appreciably above consensus estimates. Management continued its beat-and-raise cadence of the past few quarters, increasing full-year revenue guidance to $290 million at the midpoint. The firm continues to be buoyed by secular trends, as enterprises deploying increasingly mission-critical workloads in the cloud are utilizing Zscaler's platform to garner security without compromising the flexibili...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.
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.
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