Zscaler CEO shrugs off Palo Alto Networks: 'They feel the pain and they try to attack everyone'
Shares of Zscaler are down more than 23% since that day, according to FactSet. The stock, however, is up more than 31% this year.
Chaudhry insisted that nothing Palo Alto is doing is changing Zscaler's business. Palo Alto commands a $20.2 billion market cap to Zscaler's $6.6 billion. The networking company entered the cloud services arena in 2017 as enterprises began migrating to cloud-based security systems to fend off cyber threats.
Zscaler, which came public in the first half of 2018, offers cloud security software for IT professionals to monitor network traffic and protect data. The company surprised analyst estimates by turning a small profit in four straight quarters.
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