capital · May 21, 2026
Zscaler Completed Acquisition of Red Canary for AI-Driven Security
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Zscaler completed its acquisition of Red Canary to bolster its AI-driven security operations. The deal later formed part of acquisitions totaling $692.0 million that included SPLX in fiscal Q2 2026. Analysts at Morgan Stanley noted modest traction from the Red Canary deal amid rising SASE competition and limited platform expansion beyond ZIA and ZPA products. Guggenheim reiterated a Neutral rating on Zscaler stock ahead of earnings while highlighting significant growth in ZDX bookings but limited progress with the Red Canary acquisition. Zscaler Stock Jumps As Wall Street Resets Price Targets discussed the acquisition in context of May 2026 analyst downgrades.
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