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SASE Market Surges 23 Percent in 1Q 2024: 17th Quarter of 20+ Percent Growth, According to Dell'Oro Group [Yahoo! Finance]
Last zscaler, inc. earnings: 2/20 04:05 pm
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June 13, 2024 /PRNewswire/ -- According to a recently published report from Dell'Oro Group, the trusted source for market information about the telecommunications, security, networks, and data center industries, the Secure Access Service Edge (SASE) market experienced a remarkable 23 percent revenue growth in 1Q 2024, marking its seventeenth consecutive quarter of over 20 percent growth. This sustained increase underscores the ongoing shift towards SASE solutions as enterprises prioritize mobile- and cloud-first environments. Revenue growth eclipsing 20 percent in both the Security Service Edge (SSE) and SD-WAN segments is a significant driver of this trend, as enterprises seek comprehensive solutions to enhance security and streamline network management in a digital-first world. "Enterprises worldwide are increasingly leaning towards comprehensive SASE solutions to address the complexities of remote work and cloud integration," said Mauricio Sanchez, Sr. Research Director, Enterpri
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- Zscaler, Inc. (NASDAQ: ZS) had its "market outperform" rating re-affirmed by analysts at JMP Securities. They now have a $270.00 price target on the stock.[MarketBeat]
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- Zscaler, Inc. (NASDAQ: ZS) had its "strong-buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $290.00 price target on the stock.[MarketBeat]
- Zscaler, Inc. (NASDAQ: ZS) had its "outperform" rating re-affirmed by analysts at BMO Capital Markets. They now have a $208.00 price target on the stock.[MarketBeat]
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