This is in stark contrast to a company like CrowdStrike (NASDAQ: CRWD) which received 73% of its total revenue from the U.S. for the quarter ended Oct. 31, 2021. Zscaler stock was flying high in 2021, along with most of the growth sector, until it became clear that inflation is more than transitory and that interest rate hikes are coming sooner than expected. Zero Trust is essential in a world where many workers are logged in remotely, ransomware is rampant, and companies operate on hybrid cloud environments.