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ZS

Zscaler, Inc.

ZS

NASDAQ·Technology·Software - Infrastructure·Mkt cap $23.7B

$147.81

+0.93%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$114.63 - $336.99

P/E

-354.80

Fwd P/E

32.28

Beta

0.96

Div Yield

0.00%

Avg Vol

4.6M

Shares Out

160.8M

Mkt Cap

$23.7B

Price action

Price chart

Down 52.7% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Zero-trust architecture
  • Comprehensive cloud security platform
  • Global cloud infrastructure
  • Continuous threat intelligence

Bear Case

2 risks

  • Average volatility.
  • Significant premium - growth priced in

Growth

Turning profitable

Remote work acceleration

Value

Significant premium - growth priced in

Momentum

Strong

+5.7% over 3m

Quality

Excellent

Solid business

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Sep 1, 2026

Q2 26 RECAP

MAY 26, 2026

Reported EPS of $1.08 vs $1.01 consensus (+6.9% surprise). Revenue of $850.5M vs $835.1M expected (+1.8%). Beat on both top and bottom lines.

EPS beat +6.9%
Rev beat +1.8%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+6.9%

Next: Sep 1, 2026

Revenue trend · last 8Q

+23%

+23%

+21%

+26%

+26%

Q3 24

Q4 24

Q1 24

Q2 25

Q3 25

Q4 25

Q1 25

Q2 26

$553.2M

$592.9M

$628.0M

$647.9M

$678.0M

$719.2M

$788.1M

$815.8M

Margins · last 8Q

Gross

76.6%

Operating

-6.3%

Profit

-4.2%

Wall Street consensus

32 analysts · 81% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

26

81%

Hold

6

19%

Sell

0%

Median Price Target

$180.00

+21.8% vs $147.81

Low $145.00
Median $180.00
High $230.00

Latest: Wolfe Research · Jun 11, 2026

23 analysts covering

vs Industry

How ZS stacks vs Software - Infrastructure

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.