Zscaler (ZS) Stock Price, News & Analysis

Company Overview

Zscaler, Inc. is a cloud security company that provides a range of services designed to protect enterprises as they transition from traditional data centers to cloud-based architectures. Founded in 2007 and headquartered in San Jose, California, Zscaler pioneered a security model known as Zero Trust Exchange, which assumes no user or device should be trusted by default—even if they are connected to a corporate network. The company offers its platform via a global, multi-tenant cloud infrastructure that delivers security as a service rather than relying on legacy on-premises appliances.

The company’s flagship offerings include Zscaler Internet Access (ZIA) and Zscaler Private Access (ZPA). ZIA secures web and internet traffic by enforcing policy-based access controls, data loss prevention, and threat protection at the network edge. ZPA enables secure remote access to internal applications without exposing them to the public internet, leveraging identity-based segmentation to reduce attack surfaces. Zscaler Digital Experience (ZDX) complements these products by providing insights into user experience and application performance across the digital supply chain.

Zscaler serves a broad array of industries—such as financial services, healthcare, manufacturing, and retail—helping organizations in North America, Europe, Asia-Pacific, and beyond to modernize their security architectures. By replacing traditional security stacks with its cloud-native platform, the company aims to simplify management, improve performance, and enhance visibility across distributed workforces. Customers range from small businesses to global enterprises seeking to secure remote users, branch offices, and cloud workloads.

Under the leadership of founder, chairman, and CEO Jay Chaudhry, Zscaler went public on the Nasdaq stock exchange in March 2018. The executive team blends expertise in cybersecurity, cloud networking, and enterprise software. With ongoing investments in threat research and platform innovation, Zscaler positions itself at the forefront of the Secure Access Service Edge (SASE) market, driving adoption of zero trust principles and helping organizations navigate the evolving security landscape.

Key Stats

• Today's Range: $277.06 to $286.79
• 50-Day Range: $267.68 to $316.50
• 52-Week Range: $164.78 to $318.46
• Volume: 776,848 shs
• Average Volume: 2.13 million shs
• Market Capitalization: $44.39 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $307.00
• Consensus Rating: Moderate Buy

Zscaler Stock Analysis - MarketRank™

Zscaler scored higher than 85% of companies evaluated by MarketBeat, and ranked 179th out of 669 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.2 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Zscaler has received a consensus rating of Moderate Buy. The company's average rating score is 2.79, and is based on 29 buy ratings, 7 hold ratings, and 1 sell rating.

Upside/Downside

The consensus price target for Zscaler is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Zscaler has been the subject of 23 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Zscaler are expected to grow in the coming year, from ($0.10) to $0.08 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Zscaler is -1,036.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Zscaler is -1,036.52, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Zscaler has a P/B Ratio of 24.57. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

5.78% of the float of Zscaler has been sold short.

Short Interest Ratio / Days to Cover

Zscaler has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Zscaler has recently decreased by 5.36%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Zscaler does not currently pay a dividend.

Dividend Growth

Zscaler does not have a long track record of dividend growth.

Sustainability and ESG

• Score: 3.7 / 5
• Environmental Score: -0.86

Percentage of Shares Shorted

5.78% of the float of Zscaler has been sold short.

Short Interest Ratio / Days to Cover

Zscaler has a short interest ratio ("days to cover") of 3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Zscaler has recently decreased by 5.36%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.5 / 5
• News Sentiment: 1.26

News Sentiment

Zscaler has a news sentiment score of 1.26. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.89 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 27 news articles for Zscaler this week, compared to 33 articles on an average week.

Search Interest

94 people have searched for ZS on MarketBeat in the last 30 days. This is an increase of 395% compared to the previous 30 days.

MarketBeat Follows

31 people have added Zscaler to their MarketBeat watchlist in the last 30 days. This is an increase of 138% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Zscaler insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $7,093,136.00 in company stock.

Percentage Held by Insiders

18.10% of the stock of Zscaler is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

46.45% of the stock of Zscaler is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

ZS Stock Analysis - Frequently Asked Questions

How have ZS shares performed this year?

Zscaler's stock was trading at $180.41 on January 1st, 2025. Since then, ZS shares have increased by 54.8% and is now trading at $279.3290.

How were Zscaler's earnings last quarter?

Zscaler, Inc. (NASDAQ:ZS) posted its earnings results on Tuesday, September, 2nd. The company reported $0.89 earnings per share for the quarter, beating analysts' consensus estimates of $0.80 by $0.09. Zscaler's revenue was up 21.3% compared to the same quarter last year.
Read the conference call transcript.

When did Zscaler IPO?

Zscaler (ZS) raised $110 million in an initial public offering on Friday, March 16th 2018. The company issued 10,000,000 shares at $10.00-$12.00 per share. Morgan Stanley and Goldman Sachs acted as the underwriters for the IPO and BofA Merrill Lynch, Barclays, Deutsche, Credit Suisse, UBS Securities, Baird, BTIG and Needham, Stephens were co-managers.

Who are Zscaler's major shareholders?

Top institutional shareholders of Zscaler include Vanguard Group Inc. (6.88%), American Century Companies Inc. (1.75%), State Street Corp (1.39%) and First Trust Advisors LP (1.31%). Insiders that own company stock include Ajay Mangal, Jagtar Singh Chaudhry, Dali Rajic, Remo Canessa, Syam Nair, Michael J Rich, Robert Schlossman, Raj Judge, Scott C Darling, Adam Geller, Karen Blasing, Amit Sinha and Andrew William Fraser Brown.
View institutional ownership trends.

How do I buy shares of Zscaler?

Shares of ZS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Zscaler own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Zscaler investors own include NVIDIA (NVDA), Meta Platforms (META), Tesla (TSLA), Advanced Micro Devices (AMD), CrowdStrike (CRWD), Broadcom (AVGO) and Netflix (NFLX).

Company Calendar

• Last Earnings: 9/02/2025
• Today: 9/17/2025
• Next Earnings (Estimated): 12/01/2025
• Fiscal Year End: 7/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Security
• Sub-Industry: Computer Software
• Current Symbol: NASDAQ:ZS
• CIK: 1713683
• Web: www.zscaler.com
• Phone: (408) 533-0288
• Fax: N/A
• Employees: 7,923
• Year Founded: 2007

Price Target and Rating

• Average Price Target for Zscaler: $307.00
• High Price Target: $385.00
• Low Price Target: $207.00
• Potential Upside/Downside: +8.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.79
• Research Coverage: 38 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.27)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$41.48 million
• Net Margins: -1.55%
• Pretax Margin: -0.68%
• Return on Equity: -0.47%
• Return on Assets: -0.15%

Debt

• Debt-to-Equity Ratio: 0.95
• Current Ratio: 2.01
• Quick Ratio: 2.01

Sales & Book Value

• Annual Sales: $2.67 billion
• Price / Sales: 16.70
• Cash Flow: $1.70 per share
• Price / Cash Flow: 166.00
• Book Value: $11.37 per share
• Price / Book: 24.80

Miscellaneous

• Outstanding Shares: 158,300,000
• Free Float: 129,649,000
• Market Cap: $44.63 billion
• Optionable: Optionable
• Beta: 1.05