Zscaler, Inc. (ZS)

US — Technology Sector
Peers: XYZ  NXPI  TEAM  DDOG  EA  CRWV  FTNT  WDC  MPWR  UI 

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Key Metrics & Ratings

  • symbol ZS
  • Rev/Share 17.8647
  • Book/Share 12.4992
  • PB 12.7808
  • Debt/Equity 0.9252
  • CurrentRatio 1.8241
  • ROIC -0.03

 

  • MktCap 25475492250.0
  • FreeCF/Share 5.3476
  • PFCF 30.038
  • PE -617.3118
  • Debt/Assets 0.282
  • DivYield 0
  • ROE -0.0228

 

  • Rating C-
  • Score 1
  • Recommendation Strong Sell
  • P/E Score 1
  • DCF Score 4
  • P/B Score 1
  • D/E Score 1

Recent Analyst Ratings

Type Ticker Analyst Firm Previous Rating Current Rating Previous Price Target Current Price Target Date
Upgrade ZS Bernstein Market Perform Outperform -- $228 Feb. 13, 2026
Upgrade ZS Mizuho Neutral Outperform -- $310 Dec. 16, 2025
Downgrade ZS Bernstein Outperform Market Perform -- $264 Dec. 1, 2025
Upgrade ZS CapitalOne Equal Weight Overweight -- $320 Nov. 26, 2025
Reiterated ZS Needham -- Buy $350 $310 Nov. 26, 2025
Initiation ZS Berenberg -- Buy -- $400 Nov. 18, 2025
Reiterated ZS BMO Capital Markets -- Outperform $295 $315 Sept. 3, 2025
Upgrade ZS Morgan Stanley Equal Weight Overweight -- $320 Sept. 2, 2025
Initiation ZS B. Riley Securities -- Neutral -- $275 Aug. 26, 2025
Upgrade ZS Wells Fargo Equal Weight Overweight -- $385 June 13, 2025

News

Zscaler Q2 Preview: Cloudflare Is Eating Its Lunch (Rating Downgrade)
NET, ZS
Published: February 20, 2026 by: Seeking Alpha
Sentiment: Negative

Zscaler faces mounting competitive pressures, lagging Cloudflare in RPO growth and Net Retention, while Palo Alto Networks picks up momentum with its M&A-based strategy. Despite solid revenue and customer growth, ZS's stagnant operating margin and softer forward guidance have weighed on investor sentiment. ZS trades at a forward P/E of 45, compressing to 30 by FY 2028, but market fears over share losses demand outperformance in RPO and retention.

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image for news Zscaler Q2 Preview: Cloudflare Is Eating Its Lunch (Rating Downgrade)
Zscaler vs. Qualys: Which Cybersecurity Stock Has the Edge?
QLYS, ZS
Published: February 19, 2026 by: Zacks Investment Research
Sentiment: Positive

QLYS may have the edge over ZS as steady growth, expanding VMDR traction, and a cheaper valuation outweigh Zscaler's faster growth and AI push.

Read More
image for news Zscaler vs. Qualys: Which Cybersecurity Stock Has the Edge?
These Experts See Big Gains Ahead for a Set of Cybersecurity Stocks. Here's Why
CRWD, PANW, ZS
Published: February 17, 2026 by: Investopedia
Sentiment: Positive

It's been a rough start to the year for the software sector, but one group of experts said they see big gains ahead for some beaten-down cybersecurity stocks.

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image for news These Experts See Big Gains Ahead for a Set of Cybersecurity Stocks. Here's Why
Software Panic, Security Strength: Why Zscaler Still Wins
ZS
Published: February 17, 2026 by: Seeking Alpha
Sentiment: Positive

Zscaler maintains robust 20%+ growth and margin strength, despite a 22% stock pullback driven by broader software sector sentiment. ZS is transitioning from hypergrowth to durable compounder, with ~8x EV/forward revenue and 20%+ operating margins supporting a favorable risk-reward setup. AI is a tailwind, not a threat, as AI Security ARR rose 80% YoY, and Zero Trust Everywhere adoption accelerates, reinforcing ZS's competitive positioning.

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image for news Software Panic, Security Strength: Why Zscaler Still Wins
The AI-Fueled Cyber Threat Boom Means These Two Stocks Will Win Big
CRWD, ZS
Published: February 16, 2026 by: 24/7 Wall Street
Sentiment: Positive

Artificial intelligence (AI) promises transformative productivity gains, but it also amplifies cybersecurity risks on an unprecedented scale.

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image for news The AI-Fueled Cyber Threat Boom Means These Two Stocks Will Win Big
Zscaler Stock Dips 38% in Six Months: Should You Hold or Exit?
ZS
Published: February 12, 2026 by: Zacks Investment Research
Sentiment: Negative

ZS stock plunges 38% in six months, but strong revenue growth, AI security momentum and rising enterprise adoption offer reasons to hold.

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image for news Zscaler Stock Dips 38% in Six Months: Should You Hold or Exit?
Surviving the SaaS-pocalypse: JPMorgan's 3 Top Cyber Stocks Ready to Surge
CRWD, PANW, ZS
Published: February 11, 2026 by: 24/7 Wall Street
Sentiment: Neutral

Anthropic released 11 new plug-ins for its Claude Cowork AI tool at the end of January sparking a massive sell-off in SaaS stocks.

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image for news Surviving the SaaS-pocalypse: JPMorgan's 3 Top Cyber Stocks Ready to Surge
Is Trending Stock Zscaler, Inc. (ZS) a Buy Now?
ZS
Published: February 11, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Is Trending Stock Zscaler, Inc. (ZS) a Buy Now?
Buy Or Sell Zscaler Stock Now?
ZS
Published: February 06, 2026 by: Forbes
Sentiment: Negative

Zscaler (ZS) stock has decreased by 26.7% in under a month, falling from $231.16 on January 7, 2026, to $169.39 currently. The selloff comes as investors reassess richly valued software names amid a broader pullback in high-multiple growth stocks, even as cybersecurity demand remains structurally strong.

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image for news Buy Or Sell Zscaler Stock Now?
Here's Why Zscaler (ZS) is a Strong Growth Stock
ZS
Published: January 29, 2026 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Here's Why Zscaler (ZS) is a Strong Growth Stock
Is Most-Watched Stock Zscaler, Inc. (ZS) Worth Betting on Now?
ZS
Published: January 27, 2026 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Zscaler (ZS). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Is Most-Watched Stock Zscaler, Inc. (ZS) Worth Betting on Now?
Zscaler, Inc. (ZS) is Attracting Investor Attention: Here is What You Should Know
ZS
Published: January 16, 2026 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Zscaler, Inc. (ZS) is Attracting Investor Attention: Here is What You Should Know
Why Zscaler (ZS) is a Top Growth Stock for the Long-Term
ZS
Published: January 13, 2026 by: Zacks Investment Research
Sentiment: Positive

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

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image for news Why Zscaler (ZS) is a Top Growth Stock for the Long-Term
3 Oversold Stocks Ready to Rebound in 2026
MO, NFLX, ZS
Published: January 12, 2026 by: MarketBeat
Sentiment: Positive

The S&P 500 booked its third consecutive gain of over 15% in 2025, but it wasn't a banner year for everyone. Some of the market's previous objects of affection treaded water in 2025, especially following the tariff re-rating in April.

Read More
image for news 3 Oversold Stocks Ready to Rebound in 2026
Zscaler Stock Could Enjoy Double-Digit Pop in Q1
ZS
Published: December 31, 2025 by: Schaeffers Research
Sentiment: Positive

Zscaler Inc (NASDAQ:ZS) stock just hit its lowest level since April, last seen down 0.2% to trade at $226.95.

Read More
image for news Zscaler Stock Could Enjoy Double-Digit Pop in Q1
3 Cybersecurity Stocks to Protect the Digital World in 2026
CRWD, FTNT, ZS
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

CrowdStrike, Fortinet and Zscaler are capitalizing on exploding cybercrime costs as enterprises boost spending to protect cloud and AI systems.

Read More
image for news 3 Cybersecurity Stocks to Protect the Digital World in 2026
Investors Heavily Search Zscaler, Inc. (ZS): Here is What You Need to Know
ZS
Published: December 23, 2025 by: Zacks Investment Research
Sentiment: Positive

Recently, Zacks.com users have been paying close attention to Zscaler (ZS). This makes it worthwhile to examine what the stock has in store.

Read More
image for news Investors Heavily Search Zscaler, Inc. (ZS): Here is What You Need to Know
Here's Why Zscaler (ZS) is a Strong Growth Stock
ZS
Published: December 19, 2025 by: Zacks Investment Research
Sentiment: Positive

Whether you're a value, growth, or momentum investor, finding strong stocks becomes easier with the Zacks Style Scores, a top feature of the Zacks Premium research service.

Read More
image for news Here's Why Zscaler (ZS) is a Strong Growth Stock
Zscaler: A Buyable Dip As Rule Of 40 Expands
ZS
Published: December 12, 2025 by: Seeking Alpha
Sentiment: Positive

Zscaler has declined nearly 30% from recent highs, entering a technical bear market despite solid fundamentals. ZS's valuation multiples have become more appealing after the correction, especially given its sustained growth and profitability metrics. Management raised FY26 revenue guidance to $3.28–$3.30 billion (22.8%–23.5% y/y growth) with 22% operating and ~26% FCF margins.

Read More
image for news Zscaler: A Buyable Dip As Rule Of 40 Expands
Here is What to Know Beyond Why Zscaler, Inc. (ZS) is a Trending Stock
ZS
Published: December 12, 2025 by: Zacks Investment Research
Sentiment: Positive

Zacks.com users have recently been watching Zscaler (ZS) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

Read More
image for news Here is What to Know Beyond Why Zscaler, Inc. (ZS) is a Trending Stock
CrowdStrike Enters Mature Phase While Zscaler Accelerates With AI Security Acquisitions
CRWD, ZS
Published: December 04, 2025 by: 24/7 Wall Street
Sentiment: Positive

CrowdStrike (NASDAQ: CRWD) and Zscaler (NASDAQ: ZS) reported strong earnings in late November and early December, revealing two fundamentally different approaches to cloud security.

Read More
image for news CrowdStrike Enters Mature Phase While Zscaler Accelerates With AI Security Acquisitions
Zscaler, Inc. (ZS) Presents at UBS Global Technology and AI Conference 2025 Transcript
ZS
Published: December 02, 2025 by: Seeking Alpha
Sentiment: Neutral

Zscaler, Inc. ( ZS ) UBS Global Technology and AI Conference 2025 December 2, 2025 12:15 PM EST Company Participants Jagtar Chaudhry - Co-Founder, CEO & Chairman of the Board Conference Call Participants Roger Boyd - UBS Investment Bank, Research Division Presentation Roger Boyd UBS Investment Bank, Research Division All right. We will get going here.

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image for news Zscaler, Inc. (ZS) Presents at UBS Global Technology and AI Conference 2025 Transcript
This Zscaler "Buy the Dip" Signal is Rarely Wrong
ZS
Published: December 02, 2025 by: Schaeffers Research
Sentiment: Positive

Zscaler Inc (NASDAQ:ZS) stock has pulled back sharply from its Nov. 3 three-year high of $336.99, last seen down 0.6% to trade at $241.86, heading for its 12th loss in the last 14 trading sessions.

Read More
image for news This Zscaler "Buy the Dip" Signal is Rarely Wrong
Why Zscaler (ZS) is a Top Growth Stock for the Long-Term
ZS
Published: December 02, 2025 by: Zacks Investment Research
Sentiment: Positive

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Style Scores.

Read More
image for news Why Zscaler (ZS) is a Top Growth Stock for the Long-Term
Zscaler (ZS) Loses 24% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZS
Published: December 01, 2025 by: Zacks Investment Research
Sentiment: Negative

Zscaler (ZS) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.

Read More
image for news Zscaler (ZS) Loses 24% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
Don't Overlook Zscaler (ZS) International Revenue Trends While Assessing the Stock
ZS
Published: December 01, 2025 by: Zacks Investment Research
Sentiment: Neutral

Examine the evolution of Zscaler's (ZS) overseas revenue trends and their effects on Wall Street's forecasts and the stock's prospects.

Read More
image for news Don't Overlook Zscaler (ZS) International Revenue Trends While Assessing the Stock
Is Trending Stock Zscaler, Inc. (ZS) a Buy Now?
ZS
Published: December 01, 2025 by: Zacks Investment Research
Sentiment: Positive

Zscaler (ZS) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.

Read More
image for news Is Trending Stock Zscaler, Inc. (ZS) a Buy Now?
Trade Tracker: Malcolm Ethridge buys more Zscaler
ZS
Published: November 28, 2025 by: CNBC Television
Sentiment: Positive

Malcolm Ethridge, Managing Partner at Capital Area Planning Group, joins CNBC's Halftime Report to explain why he's buying more Zscaler here.

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image for news Trade Tracker: Malcolm Ethridge buys more Zscaler
Zscaler delivers strong quarterly results and upbeat guidance, but shares drop amid elevated expectations
ZS
Published: November 26, 2025 by: Proactive Investors
Sentiment: Positive

Zscaler Inc. (NASDAQ:ZS) reported fiscal first quarter 2026 results that exceeded Wall Street estimates, but its shares fell amid elevated investor expectations. the quarter ending October 31, the company posted adjusted earnings per share (EPS) of $0.96, surpassing the analyst consensus of $0.86 and representing a 23.6% increase from the prior year.

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image for news Zscaler delivers strong quarterly results and upbeat guidance, but shares drop amid elevated expectations
Is Zscaler (ZS) a Buy as Wall Street Analysts Look Optimistic?
ZS
Published: November 26, 2025 by: Zacks Investment Research
Sentiment: Positive

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

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image for news Is Zscaler (ZS) a Buy as Wall Street Analysts Look Optimistic?

About Zscaler, Inc. (ZS)

  • IPO Date 2018-03-16
  • Website https://www.zscaler.com
  • Industry Software - Infrastructure
  • CEO Jagtar Singh Chaudhry
  • Employees 7348

Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.