Nokia Supercharges India's Broadband with Ishan Tech; Taps Zscaler To Upgrade Cloud Protection
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 17 2024
0mins
Source: Benzinga
Nokia's Partnership with Ishan Technologies: Nokia Corporation has partnered with Ishan Technologies to enhance broadband services in Gujarat and Maharashtra, India, by deploying advanced network solutions that will automate operations and improve customer experiences for over 256,000 subscribers.
Security Enhancements with Zscaler: In addition to broadband improvements, Nokia is implementing Zscaler's Zero Trust Exchange platform to strengthen cybersecurity and streamline operations, ensuring secure connections across devices while reducing costs.
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Analyst Views on ZS
Wall Street analysts forecast ZS stock price to rise
30 Analyst Rating
24 Buy
6 Hold
0 Sell
Strong Buy
Current: 127.230
Low
260.00
Averages
325.62
High
390.00
Current: 127.230
Low
260.00
Averages
325.62
High
390.00
About ZS
Zscaler, Inc. is a cloud security company. The Company has developed a platform incorporating core security functionalities needed to enable fast and secure access to cloud resources based on identity, context and an organization's policies. Its Zscaler Zero Trust Exchange is a cloud-native platform that securely connects users, devices, applications and workloads, including artificial intelligence (AI) agents, without relying on hub-and-spoke network architecture and firewall-centric security. It delivers its solutions using a software-as-a-service (SaaS) business model and sells subscriptions to customers to access its cloud platform, together with related support services. Its services include Zscaler Internet Access (ZIA), Zscaler Private Access (ZPA), and Zscaler Digital Experience (ZDX). ZIA provides secure access to externally managed applications, including SaaS applications and internet destinations, regardless of device, location or network.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- User Base Expansion: Chaudhry states that Zscaler currently serves over 50 million users, encompassing more than 45% of Fortune 500 companies, showcasing its strong market influence and the ongoing growth in customer demand, further solidifying its leadership position in cybersecurity.
- Strong Financial Performance: Zscaler's Q3 fiscal report reveals a 25% year-over-year revenue increase to $850.5 million, with annual recurring revenue (ARR) also rising 25% to $3.525 billion, indicating sustained strong performance in customer demand and business momentum despite a stock price decline of over 40%.
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