Zscaler (ZS) shares are inching higher on Oct. 5 after the cybersecurity company announced a new strategic alliance with International Business Machines (IBM). The deal integrates ZS’s Autonomous Application Shield within its Zero Trust Exchange framework with IBM and Red Hat’s Lightwell platform.
The IBM update arrives at a time when Zscaler stock has already been in a sharp uptrend, currently up a remarkable 70% versus its year-to-date low.