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Zscaler, Inc. (ZS)

237.83 -9.99 (-4.03%)
At close: October 30 at 4:00:00 PM EDT
237.94 +0.11 (+0.05%)
After hours: October 30 at 6:42:46 PM EDT
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58m ago
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Zscaler’s latest coverage centers on AI-security demand, Zero Trust adoption, and strong fiscal fourth-quarter results. The company faces slower projected growth, elevated valuation, infrastructure spending, and unresolved governance and legal concerns.

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  • Previous Close 247.82
  • Open 246.74
  • Bid 223.62 x 200
  • Ask 257.07 x 200
  • Day's Range 233.40 - 250.00
  • 52 Week Range 114.62 - 336.99
  • Volume 2,276,146
  • Avg. Volume 2,950,215
  • Market Cap (intraday) 38.779B
  • Beta (5Y Monthly) 0.94
  • PE Ratio (TTM) --
  • EPS (TTM) -0.39
  • Earnings Date (est.) Nov 24, 2026
  • Forward Dividend & Yield -- (0.00%)
  • 1y Target Est 235.19
  • Morningstar Rating
    Rating available with Stock Picks access

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, 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.

www.zscaler.com

8,700

Full Time Employees

July 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 10/30/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ZS
5.74%
S&P 500 (^GSPC)
10.73%

1-Year Return

ZS
26.15%
S&P 500 (^GSPC)
11.11%

3-Year Return

ZS
51.67%
S&P 500 (^GSPC)
81.91%

5-Year Return

ZS
25.41%
S&P 500 (^GSPC)
64.59%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q4 FY26
Revenue 898.18M
Earnings -3.37M
Profit Margin -0.38%

Q1

FY26

Q2

FY26

Q3

FY26

Q4

FY26

0
200M
400M
600M
800M
-4.0%
-3.0%
-2.0%
-1.0%
 

Analyst Insights

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Top Analyst

Jefferies
73/100
Latest Rating
Buy
 

Analyst Price Targets

164.75 Low
235.19 Average
237.83 Current
298.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 10/22/2026
Analyst Freedom Broker
Rating Action Maintains
Rating Buy
Price Action Raises
Price Target 230 -> 270
 

Statistics

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Valuation Measures

Annual
As of 10/30/2026
  • Market Cap

    38.78B

  • Enterprise Value

    37.16B

  • Trailing P/E

    --

  • Forward P/E

    48.74

  • PEG Ratio (current)

    --

  • Price/Sales (ttm)

    11.37

  • Price/Book (mrq)

    14.93

  • Enterprise Value/Revenue

    11.08

  • Enterprise Value/EBITDA

    877.08

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -1.89%

  • Return on Assets (ttm)

    -1.03%

  • Return on Equity (ttm)

    -2.87%

  • Revenue (ttm)

    3.35B

  • Net Income Avi to Common (ttm)

    -63.18M

  • Diluted EPS (ttm)

    -0.39

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.47B

  • Total Debt/Equity (mrq)

    71.89%

  • Levered Free Cash Flow (ttm)

    1.07B

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Company Insights

Fair Value

237.83 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • Zscaler Earnings: Strong End to Fiscal 2026 as AI-Induced Cyber Demand Drives the Top Line

    Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

     
  • Zscaler Earnings: Strong End to Fiscal 2026 as AI-Induced Cyber Demand Drives the Top Line

    Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

     
  • SMID August 2026 Pick List

    This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

     
  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

     

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