Why Zscaler Stock Is Trading Lower

Zscaler, Inc. ZS shares are down Wednesday amid competition concerns from Microsoft MSFT.

What To Know: The concerns stem from news of Microsoft Entra Internet Access and Microsoft Entra Private Access, two new products which are part of Microsoft's effort to expand further into protecting identities and access.

Other features of the Microsoft Entra portfolio meant to fortify defenses against attackers include real-time prevention of identity takeover. ID Protection leverages the capabilities of advanced machine learning to detect irregularities in sign-in patterns and user behavior, promptly taking action to restrict, challenge, or reduce access in real-time.

According to data from Benzinga Pro, ZS stock experienced above-average trading volume of 6.22 million shares on Wednesday compared to its average volume of 2.96 million.

Related Link: RxSight Is A Potential Acquisition Target: Analyst Highlights How LAL Revenue Mix Could Drive Share Price To $45+

ZS Price Action: Shares of ZS were down 5.32% at $139.56 at the time of publication, according to Benzinga Pro. 

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