Dividend Power Score
A single, comprehensive score designed to measure the true strength of a company’s dividend.
This score combines three essential pillars of dividend quality:
Consistency – Measures how reliable the dividend has been over time, focusing on payment history, stability, and the absence of cuts or suspensions.
Payability – Assesses the company’s financial ability to sustain its dividend, taking into account cash flow, earnings coverage, balance sheet strength, and overall financial health.
Growth – Evaluates the long-term growth of both the dividend and the company’s share price, highlighting businesses that consistently increase payouts while creating shareholder value.
Higher scores identify companies that have historically delivered dependable income alongside sustained dividend growth and long-term capital appreciation.
Company Overview
Zscaler, Inc. is a cloud-native cybersecurity company that provides secure access to applications and data by replacing traditional network security architectures with a zero trust model. The company operates primarily in the cloud security, network security, and enterprise software industries, focusing on protecting users, devices, and workloads regardless of location. Its core value proposition is enabling organizations to securely connect users directly to applications rather than to corporate networks, reducing attack surfaces and improving performance.
Founded in 2007, Zscaler pioneered the concept of security delivered entirely from the cloud. The company went public in 2018 and has since expanded its platform to address broader enterprise security needs driven by cloud adoption, remote work, and digital transformation. Zscaler’s strategic advantage lies in its globally distributed cloud security platform, which processes large volumes of security transactions daily and benefits from scale, data-driven threat intelligence, and high switching costs for enterprise customers.
Business Operations
Zscaler generates revenue primarily through subscription-based services delivered via its multi-tenant cloud platform. Its operations are organized around two primary business segments: Zscaler Internet Access (ZIA) and Zscaler Private Access (ZPA). ZIA provides secure access to the internet and SaaS applications, while ZPA enables zero trust access to internal applications without exposing them to the public internet. Additional offerings include Zscaler Digital Experience (ZDX) and Zscaler Cloud Protection, which extend visibility and security to application performance and cloud-native workloads.
The company operates globally with customers across large enterprises, governments, and mid-sized organizations. Zscaler controls and operates its own cloud infrastructure, consisting of data centers distributed worldwide, and integrates with major cloud service providers and identity platforms. Revenue is primarily derived from annual and multi-year subscription contracts, with professional services contributing a smaller portion.
Strategic Position & Investments
Zscaler’s strategic direction centers on expanding its zero trust platform and increasing wallet share within existing customers. Growth initiatives include cross-selling additional modules, entering adjacent security markets such as cloud workload protection, and enhancing AI-driven threat detection and digital experience monitoring capabilities. The company emphasizes organic innovation, with research and development representing a significant portion of operating expenses.
Zscaler has complemented internal development with selective acquisitions to accelerate technology expansion, including Trustdome, Smokescreen Technologies, and Canonic Security. These investments have supported capabilities in zero trust networking, deception technology, and SaaS security posture management. The company continues to position itself at the intersection of zero trust architecture, secure access service edge (SASE), and cloud-native security.
Geographic Footprint
Zscaler is headquartered in North America, with its principal executive offices in San Jose, California. The company maintains a significant operational presence across North America, Europe, Asia-Pacific, and Latin America, serving customers in more than 150 countries. Its globally distributed cloud infrastructure supports low-latency security enforcement close to end users.
International operations represent a substantial and growing portion of revenue, reflecting global demand for cloud-based security solutions. Zscaler maintains sales, support, and research functions in multiple regions, enabling localized customer engagement while leveraging a centralized technology platform.
Leadership & Governance
Zscaler was founded by Jay Chaudhry, who has played a central role in shaping the company’s zero trust vision and long-term strategy. The leadership team emphasizes cloud-first architecture, customer-centric innovation, and disciplined growth aligned with recurring revenue and scalability.
Key executives include:
- Jay Chaudhry – Founder, Chairman, and Chief Executive Officer
- Remo Canessa – Chief Financial Officer
- Adam Geller – Chief Product Officer
- William Welch – Chief Legal Officer
- Deepen Desai – Chief Security Officer
The company operates under a governance framework typical of publicly traded U.S. technology firms, with oversight from an independent board of directors and a strategic focus on long-term shareholder value through sustained innovation and market expansion.