On June 29, Zscaler rose 5.15% in regular trading, trading at $137.94/share, with turnover of $91.33 million. The stock continued to gain momentum from its recently announced strategic partnership with Amazon Web Services.

Zscaler and AWS recently signed a collaboration agreement to advance technology integration, co-develop reference architectures, and jointly conduct go-to-market activities. The partnership focuses specifically on securing generative AI deployments across government, healthcare, and education sectors. This deal further solidifies Zscaler's strategic positioning in cloud security and AI security.

Multiple institutions have noted that AI-driven cybersecurity threats are accelerating, expanding Zscaler's market opportunity. Analysts estimate the company's total serviceable addressable market at $120 billion, with AI security alone representing over $16 billion. Wedbush noted strong feedback from clients and channel partners regarding Zscaler's new AI security products launched at its recent user conference, while RBC Capital Markets highlighted increasing opportunities as enterprises face a growing volume of AI-related breaches.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)