Nowadays, it seems like everytime you open a newspaper, there’s another major cyber attack.
When JBS, the world’s largest meat packer, fell victim to a massive ransomware hack the White House confirmed it was courtesy of our “good friends” in Russia. With its computer networks under assault, JBS was forced to shut down its five largest beef processing plants, hurting food supplies.
This hack was just one of the many examples of recent “ransomware” attacks -whereby hackers breach a victim’s computers, encrypt them so the victim can’t access their files, and then demand a ransom payment to reverse the encryption. What’s more, Microsoft Corp. (MSFT) said Russian hackers have staged cyberattacks on more than 150 government agencies and other organizations around the world.
And who could possibly forget the Colonial Pipeline attack from early May. Colonial carries 45% of the East Coast’s fuel supply, so when Russian-based hackers from the DarkSide criminal group forced the company to close the system down, there was panic buying of gasoline across the East Coast.
Keeping track of the major hacks can just about make your head spin. It’s no wonder the cyber security sector is growing at more than 10% a year and is worth $180 billion.
I’m about to reveal a cyber leader that secures key computer networks and is set to double earnings in just 10 months…
So what we’re looking for is a savvy tech leader that can provide great protection for cloud-based applications and critical data.
Enter Zscaler Inc. (ZS).
Founded in San Jose in 2008, Zscaler helped pioneer the whole concept of cloud security.
The whole company is designed specifically to secure the rise of cloud computing, a sector where just the services portion is worth more than $150 billion in annual sales.
One major key to its success is its massive scale.
Zscaler now supports more than 4,500 clients around the world, with over 20 million licensed users. Every day, Zscaler blocks 7 billion security threats, covering 150+ data centers across the world. At 150 billion transactions per day monitored, Zscaler actually operates at ten times Google’s scale.
Zscaler accomplishes all this through a comprehensive range of solutions. The firm provides firewalls, threat detection, and a wide variety of other cybersecurity solutions tailor-made for the cloud, an essential technology for sharing information that unfortunately also increases vulnerability to security breaches.
The VPN Revolution
Zscaler also offers Zscaler Private Access (ZPA), a cloud-security solution that replaces the outdated VPN-model of giving employees remote work access.
A VPN is the vital software that bridges a company’s office network to their employees’ individual computers and devices, allowing the employee to effectively work from home.
Sadly, VPNs are painfully slow, and a nightmare for IT security. Every VPN access point is another potential opportunity for malware from unvetted computers to gain access to corporate IT systems.
Zscaler’s ZPA solves all these problems. It enables businesses to upload versions of their corporate software to the cloud without the restrictions of VPN technology.
It’s as fast as other cloud applications – Netflix, YouTube, or Amazon. Like other Zscaler services, ZPA runs on Zscaler’s very own cloud spread across 150 data centers around the world that can adapt to any company’s software.
But maybe the most important part of Zscaler’s cloud security success is its Zero Trust Architecture.
For years IT security has distinguished between the “inside” networks of the company itself, which are presumed to be safe, and hostile “outside” networks, which include the rest of the Internet.
Zscaler’s Zero Trust Architecture rethinks this approach from the ground up. Instead of trying to secure a company’s network by dividing the world into safe and unsafe networks, Zscaler instead focuses on securing data and users.
That’s why Zscaler has been so successful. The firm has been growing earnings per share by an average of 90% a year for the past three years. Thus, the per-share earnings are doubling every 10 months.
To be conservative, let’s cut that back a bit and project a double in 30 months. Despite these stellar results, Zscaler has been out of favor along with the rest of the sector for much of the year.
In conclusion, you can buy it at a discount to its long-term trajectory.
It’s a great way to profit for the steady stream of hacks in a way that really builds your net worth.
Cheers and good investing,
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Source: Strategic Tech Investor