On July 1, Zscaler rose 5.2% in regular trading, trading at $148.81/share, with turnover of $207 million. The stock continues to benefit from the recently announced strategic partnership with Amazon Web Services (AWS).

Zscaler and AWS signed a cooperation agreement to advance technology integration, co-develop reference architectures, and jointly conduct go-to-market activities. The partnership focuses on securing generative AI deployments in government, healthcare, and education sectors. Multiple institutions have highlighted that AI-driven cyber threats are accelerating, expanding Zscaler's market opportunity across a $120 billion serviceable addressable market, including over $16 billion in AI security alone.

The partnership reinforces Zscaler's strategic positioning in cloud and AI security following a period of investor concern after its fiscal Q3 report, where revenue guidance came in below expectations. The company has since unveiled new zero trust platform innovations for agentic AI security and received a buy upgrade from Guggenheim with a $214 price target, signaling renewed analyst confidence in the company's long-term trajectory.

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