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Analysis of Zscaler's Acquisition of Canonic Security

Cloud security provider Zscaler (NASDAQ: ZS) recently reported its quarterly performance that outpaced market expectations. Zscaler is seeing delays in the closing of big deals and expects its billings to slow down in the near future. But it continues to grow in the current economic conditions through acquisitions. Zscaler's Financials Revenues for the second quarter grew 52% to $387.6 million, ahead of the market's forecast of $363.8 million. Net income was $57.6 million, compared with a net income of $19.2 million reported a year ago. On an adjusted basis, EPS was $0.37 compared with the Street's forecast of an EPS of $0.29. Among key metrics, calculated billings for the quarter grew 34% to $493.8 million. Deferred revenues grew 46% to $1.111 billion. For the third quarter, Zscaler expects revenue of $396-$398 million and an EPS of $0.39. The market was looking for revenues of $388.69 million and an EPS of $0.31. Zscaler expects to end the current year with revenues of ....

Tel Aviv Based Canonic Security , Canonic Security , Saas Application Security , Cloud Access Security Broker , Saas Security Posture Management , First Round Capital , Operator Partners , Ptech Stock , Technology Stocks ,

Canonic Security Launches AppTotal, a Free Sandbox for Enterprise SaaS Apps

/PRNewswire/ Canonic Security, a cybersecurity startup protecting SaaS business applications, today announced the launch of AppTotal, a free community. ....

Boris Gorin , John Kreuzer , Lumina Communications , Google Workspace , Canonic Security , Saas Application Security ,