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Fly News Breaks for December 30, 2019
Dec 30, 2019 | 07:20 EDT
Needham analyst Alex Henderson keeps his Buy rating and $92 price target on Crowdstrike (CRWD) but adds the stock to Needham Conviction List in favor of Zscaler (ZS) and calls it his "Single Best Idea in Security" heading into 2020. The analyst writes that the company's "technology, platform and efficacy" combine to create "one of the core platforms in Security" regardless of its customer strategy. Henderson adds that Crowdstrike offers the "right technology" to improve security for either legacy perimeter defense or for "emerging, zero-trust" cloud-direct security.
News For CRWD;ZS From the Last 2 Days
Sep 29, 2022 | 08:02 EDT
Zscaler announced it has completed its acquisition of ShiftRight, a leader in closed loop security workflow automation. ShiftRight's workflow automation technology is currently being integrated into the Zscaler Zero Trust Exchange cloud security platform to automate security management for the growing influx of risks and incidents organizations are experiencing. "I am excited to welcome the ShiftRight team into the Zscaler family," said Jay Chaudhry, CEO, chairman and founder of Zscaler. "The decision to acquire ShiftRight was the logical next step because we saw the immense benefits of their technology during our pre-existing technology partnership. We will now extend the value of Zscaler's platform with ShiftRight by simplifying IT and security operations through security workflow automation. The integration of ShiftRight's technology into Zscaler's cloud platform will help customers establish clear lines of responsibility and provide real-time visibility for their security posture." The transaction closed in Zscaler's fiscal fourth quarter ended July 31, 2022. Terms of the transaction were not disclosed.