[Asia Economy Reporter Hyunseok Yoo] Zinius is showing strong performance. As the global security market rapidly grows in the endpoint security solution (EDR) sector, expectations of benefits appear to be influencing its stock price.
As of 11:04 AM on the 13th, Zinius was trading at 6,860 KRW, up 8.72% (550 KRW) compared to the previous trading day.
Zinius announced on the same day that it secured 26 new EDR customers last year. It was adopted by representative companies and institutions across various industries including government ministries, finance, manufacturing, telecommunications, and internet sectors, such as the Ministry of Economy and Finance, NH Nonghyup, and HiteJinro. Zinius developed the first domestic EDR solution in 2017 and has accumulated technology since then. The number of EDR nodes supplied last year reached approximately 100,000, tripling compared to 2019. It also grew qualitatively as an alternative to strengthen security environments for remote work in the untact environment. Another achievement was the high customer satisfaction with Zinius, which offers comprehensive technology support and maintenance, especially as foreign products faced difficulties in technical support after the COVID-19 outbreak.
Last month, Kyobo Securities stated that Zinius has entered a full-scale investment recovery phase and expected a revaluation of its corporate value. Zinius develops security software to strengthen internal corporate information protection. Its main products include Network Access Control (NAC), Endpoint Detection and Response (EDR), and PC security level diagnosis (GPI).
Researcher Han-kyung Kim of Kyobo Securities explained, "While securing a dominant market share (72%) in the NAC field, Zinius continues to lead the domestic next-generation security solution (EDR) market," adding, "It has entered a phase of significant corporate value growth."
Researcher Kim estimated that Zinius will achieve sales of 31.9 billion KRW and operating profit of 4 billion KRW next year, representing increases of 14.7% and 77.1%, respectively, compared to this year's expected performance.
He analyzed, "CrowdStrike has emerged as a unicorn in the US stock market as a leader in cloud EDR solutions," adding, "Although CrowdStrike is recording operating losses, its stock price surged due to recognition of its future growth potential." He also introduced, "EDR solutions are next-generation security software that proactively respond to unknown threats, complementing the limitations of antivirus software," and "It is the hottest issue in the global information security market."
CrowdStrike supplies its EDR solution Falcon to 49 of the Fortune 100 companies. It has also been adopted by major cloud systems such as AWS, Google Cloud, and Azure. CrowdStrike's market capitalization has exceeded 56 trillion KRW.
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