Wiz vs Zscaler

Introducing Wiz AI SAST: Application Security that Understands Your Code and Your Infrastructure

Find, validate, and fix complex business logic flaws with an AI code scanner backed by Wiz Research, operationalized within your existing security program.

Snyk Lays Off Over 200, Revenues Top $300M

Snyk, the cybersecurity firm co-founded in London and Tel Aviv, laid off over 200 employees in June 2026, more than double the initial reports of 90. This was revealed in a new filing at Companies House. The reduction in force represents about 20% of its global workforce, impacting employees in the US and Israel, with a financial charge of up to $13.8 million. Despite the layoffs, Snyk's revenues grew 11% to $309 million in the fiscal year ending 2025, attributed to new customer wins. However, losses increased from $169 million to $189 million due to higher investments. The company, now headquartered in Boston, has raised over $1 billion from investors including Tiger Global and was valued at $8.5 billion in 2021. Snyk continues to build its AI security business, having acquired Invariant Labs in 2025.

• Snyk laid off over 200 employees in June 2026, representing about 20% of its global workforce.
• Revenues reached $309 million in fiscal year 2025, up 11% year-over-year.
• Losses increased from $169 million to $189 million.

Wiz Newsroom Updates: New Company News and Recent Coverage

The Wiz Newsroom page has been updated with new company news items including 'Wiz’s First 6 Months as Part of Google', 'Scan for Good: Using AI to discover and fix high-priority exposures', and 'Atlas: Wiz's autonomous AI Agent for vulnerability research'. Recent coverage now includes articles from SecurityBrief AU, SecurityWeek, and Infosecurity Mag, among others.

Cybersecurity stock Zscaler's charts turn bullish: Jay Woods

In a CNBC Pro segment, technician Jay Woods discusses Zscaler (ZS), a cybersecurity company that has underperformed its sector peers. While CrowdStrike, Fortinet, Okta, and Palo Alto Networks have gained over 100% year-to-date, Zscaler shares fell as much as 65% from 52-week highs and remain down 13% this year. However, Woods observes a bottoming formation on both daily and weekly charts, with a bullish crossover in MACD and a breakout above $195 resistance. He suggests upside targets of $250-$265, representing 25-30% potential upside, with support at $165. The analysis highlights relative rotation within the cybersecurity sector, indicating that laggards like Zscaler may see renewed strength.

• Zscaler (ZS) shares fell as much as 65% from 52-week highs and remain down 13% year-to-date.
• CrowdStrike, Fortinet, Okta, and Palo Alto Networks have each gained over 100% year-to-date.
• Jay Woods identifies a bullish double bottom formation on Zscaler's weekly chart.

Investor Steve Grasso buys Cloudflare stock on AI growth

CNBC Pro contributor Steve Grasso has purchased shares of Cloudflare, a cybersecurity and network services company, citing its superior growth rate and new opportunities from AI. Grasso notes Cloudflare's revenue grew 36% year-over-year to $696 million in the last quarter, outpacing competitors CrowdStrike and Zscaler. He highlights that existing customers are increasing spending by about 20%, and AI is creating new revenue streams, such as helping companies manage AI bot traffic and using OpenAI models for security. Despite the stock trading at a premium of 40 times sales and being up 68% year-to-date, Grasso believes momentum can continue, though he advises using stop orders to manage risk. The next catalyst is Cloudflare's third-quarter earnings report.

• Cloudflare's revenue grew 36% year-over-year to $696 million in the last quarter.
• Cloudflare's stock is up about 68% this year and recently hit an all-time high.
• Cloudflare trades at roughly 40 times sales, higher than cybersecurity peers.

Zscaler stock rises on earnings beat and upbeat guidance

Zscaler reported fiscal fourth-quarter 2026 earnings that beat Wall Street expectations, sending its stock higher. The cloud security company posted adjusted EPS of $1.19, exceeding the $1.09 estimate, and revenue of $898 million, above the $877 million forecast. Revenue jumped 25% year-over-year from $719 million. Annual recurring revenue rose 25% to $3.77 billion, surpassing StreetAccount's $3.75 billion projection. CEO Jay Chaudhry highlighted early momentum for the company's Zero Trust security solution for AI agents, which he expects to accelerate into fiscal 2028 and 2029. The company also issued better-than-expected guidance for the fiscal first quarter and full year. Despite a 20% stock decline this year, management remains confident in its differentiation strategy.

• Zscaler's adjusted EPS was $1.19 vs. $1.09 expected, revenue $898M vs. $877M expected.
• Revenue increased 25% year-over-year to $898M.
• Annual recurring revenue rose 25% to $3.77B.