Valuation: $27.41 billion
Zscaler has the second fastest-growing cybersecurity stock over the past year, with the San Jose, Calif.-based cloud security vendor’s stock price increasing by 264 percent to $204.24 per share. The company’s year-over-year revenue for the 2021 fiscal year, which ends July 31, is expected to jump by 41.4 percent to $610 million.
Zscaler broadened its capabilities with a pair of acquisitions, buying cloud security posture management startup Cloudneeti for $8.9 million in April to prevent and remediate application misconfigurations in the cloud. The company then purchased early-stage vendor Edgewise Networks for $30.7 million in May to better protect application-to-application communications in public cloud and data center settings.
Zscaler Cloud Protection debuted in December to minimize the attack surface and automate globally enforced security policies across organizations’ multi-cloud footprint, extending a zero-trust approach to cloud workloads. The company has also increased its headcount by 46 percent over the past year to 2,600 people, with the most aggressive hiring occurring around business development and sales.