Zscaler rises after announcing partnership deal with Singtel Singapore

Zscaler

03/03/2026 20:18

** Shares of cloud security firm Zscaler ZS.O rises 4.4% to $155 after announcing a partnership agreement with Singtel Singapore

** ZS on track for the second straight session of gains

** ZS signed an MoU with Singel Singapore to make Zscaler available to enterprises across Southeast Asia, according to a statement on Tuesday

** "Momentum in the region underscores the urgency: the SEA IoT market is projected to grow at a CAGR of ~20–23% through 2030, fueling rapid expansion of connected environments that need stronger, more scalable security controls," the statement says

** Among 50 analysts covering ZS, avg rating is "BUY" and median PT is $225, per data compiled by LSEG

** ZS is down 30.9% YTD vs NASDAQ Composite Index's .IXIC 3% decrease

 (Reporting by Chibuike Oguh in New York)

 ((Email: Chibuike.Oguh@thomsonreuters.com; Phone: +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))