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Zscaler (ZS) Stock Price, News & Analysis

$214.68
-4.55 (-2.08%)
(As of 01:58 PM ET)
Today's Range
$212.63
$221.62
50-Day Range
$209.81
$254.93
52-Week Range
$84.93
$259.61
Volume
2.67 million shs
Average Volume
2.46 million shs
Market Capitalization
$31.84 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$224.03

Zscaler MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.81 Rating Score
Upside/​Downside
5.2% Upside
$225.26 Price Target
Short Interest
Healthy
5.09% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.44mentions of Zscaler in the last 14 days
Based on 81 Articles This Week
Insider Trading
Selling Shares
$19.34 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($0.94) to ($0.89) Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.93 out of 5 stars

Computer And Technology Sector

185th out of 596 stocks

Custom Computer Programming Services Industry

7th out of 25 stocks


ZS stock logo

About Zscaler Stock (NASDAQ:ZS)

Zscaler, Inc. is a leading cloud security company that empowers organizations to securely transform their networks and applications for the digital age. Founded in 2007, Zscaler operates on a cloud-native platform that provides comprehensive security solutions, enabling businesses to securely connect users, devices, and applications, regardless of location.

The company's mission is to make the internet safe for business. Zscaler's cloud-native security platform delivers a broad range of integrated services, including secure web gateways, cloud firewalls, data loss prevention, and zero-trust network access. By offering these services as a cloud-based solution, Zscaler provides businesses with enhanced security, scalability, and agility.

Headquartered in San Jose, California, Zscaler has a global presence with offices and data centers across multiple locations worldwide. The company serves various industries, including financial services, healthcare, manufacturing, government, and technology.

Zscaler's target market primarily comprises enterprise customers seeking robust and reliable cybersecurity solutions. Its customer base includes Fortune 500 companies, government agencies, and small to medium-sized enterprises. Notable customers of Zscaler include Siemens, Allianz, and the U.S. Federal Government.

The company has achieved several milestones and garnered recognition for its innovative solutions. In 2021, Zscaler was named a leader in the Gartner Magic Quadrant for Secure Web Gateways for the eleventh consecutive year. Additionally, Zscaler has received accolades for its cloud security offerings and has been recognized as a leader in the Forrester Wave: Zero Trust eXtended Ecosystem Platform Providers.

Zscaler is led by a highly experienced and accomplished management team with a wealth of cybersecurity, cloud computing, and enterprise software expertise. Jay Chaudhry, the founder of Zscaler, serves as the Chairman and Chief Executive Officer. Chaudhry is a renowned cybersecurity visionary and serial entrepreneur, having previously founded successful companies such as AirDefense, CipherTrust, and CoreHarbor.

Zscaler has exhibited strong financial performance in recent years, reflecting its market-leading position and the increasing demand for cloud-based security solutions. The company has consistently delivered impressive revenue growth, surpassing the $1 billion mark in fiscal year 2022. This growth can be attributed to the growing adoption of cloud computing, digital transformation initiatives, and the increasing need for robust cybersecurity solutions. Zscaler has maintained a healthy balance sheet with limited long-term debt. The company's long-term debt is relatively low compared to its revenues and market capitalization.

Zscaler operates in the cybersecurity industry, a critical component in protecting organizations from evolving cyber threats. The industry has experienced rapid growth in recent years due to the increasing digitization of businesses and the proliferation of cloud computing and mobile devices.

The cybersecurity market is highly competitive, with numerous players offering a range of solutions and services. Zscaler stands out in the industry due to its cloud-native approach, which enables organizations to secure their networks and applications in a scalable and flexible manner. By leveraging the power of the cloud, Zscaler provides customers with improved visibility, control, and threat protection across their entire network infrastructure.

The company faces competition from both established cybersecurity vendors and emerging startups. Key competitors include Palo Alto Networks, Cisco Systems, and Fortinet. Zscaler's competitive advantages lie in its innovative technology, strong brand recognition, and ability to adapt and stay ahead of evolving cybersecurity threats.

Zscaler has several growth opportunities on the horizon that could further drive its success in the cybersecurity market. One significant opportunity is the increasing demand for cloud security solutions as businesses migrate their operations to the cloud. With its cloud-native platform, Zscaler is well-positioned to capitalize on this trend and help organizations secure their cloud-based applications and data.

The company can explore expansion into new markets and industry verticals. As digital transformation initiatives continue to reshape various sectors, there is a growing need for robust cybersecurity solutions tailored to specific industries. By targeting sectors such as healthcare, finance, and manufacturing, Zscaler can tap into new customer segments and diversify its revenue streams.

While Zscaler has demonstrated impressive growth and market success, it is not immune to risks and challenges that could impact its future performance. One key risk is the evolving nature of cybersecurity threats. As new technologies emerge and threat actors become increasingly sophisticated, Zscaler must stay ahead of these evolving risks to provide effective security solutions. Failure to do so could result in reputational damage and loss of customer trust.

Another challenge is the competitive landscape within the cybersecurity industry. The market is highly dynamic, with new entrants and established players constantly vying for market share. Zscaler must continue to innovate and differentiate itself to maintain its competitive position. Additionally, pricing pressures from competitors or changing customer preferences could impact the company's profitability.

Zscaler's risk management strategies include investing in research and development to stay ahead of emerging threats, maintaining strong relationships with customers to address their evolving needs, and actively monitoring the competitive landscape. The company's commitment to ongoing innovation and its experienced management team position it well to navigate these risks and challenges.

ZS Stock Price History

ZS Stock News Headlines

MarketBeat Week in Review – 2/26 - 3/1 (ZS)
As the calendar turns to March, investors continue to climb the wall of worry, but with the S&P 500 at 5,000, the MarketBeat team helps show you where to invest
Zscaler Stock Price Plunges: Buy the Dip Candidate
Zscaler NASDAQ: ZS had a robust Q2 and raised its guidance, but it was not enough to lift the market. The results and valuation suggest the stock is priced to perfection following the post-release price drop, and there are headwinds to growth in the air.
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Zscaler Stock Price Plunges: Buy the Dip Candidate
Zscaler has another beat-and-raise quarter, but a knee-jerk reaction to slowing growth sent shares lower to open the next buying opportunity.
Zscaler (NASDAQ:ZS) PT Raised to $260.00 at Wedbush
Zscaler (NASDAQ:ZS) PT Raised to $265.00
This is the #1 Stock to Buy for the AI Tidal Wave
Marc Chaikin warned people about NVDA before its 2023 bull run - now he’s naming his next pick or the AI tidal wave. Learn more here.
Zscaler (NASDAQ:ZS) PT Lowered to $255.00
Zscaler (NASDAQ:ZS) PT Raised to $290.00
Zscaler (NASDAQ:ZS) Price Target Cut to $230.00
Zscaler (NASDAQ:ZS) Price Target Cut to $280.00
Zscaler (NASDAQ:ZS) Rating Reiterated by JMP Securities
Barclays Lowers Zscaler (NASDAQ:ZS) Price Target to $240.00
Zscaler (NASDAQ:ZS) Shares Gap Down After Analyst Downgrade
Is Zscaler (NASDAQ:ZS) Using Too Much Debt?
See More Headlines
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Company Calendar

Last Earnings
2/29/2024
Today
3/04/2024
Next Earnings (Estimated)
6/06/2024
Fiscal Year End
7/31/2024

Industry, Sector and Symbol

Industry
Custom computer programming services
Sub-Industry
N/A
Fax
N/A
Employees
5,962
Year Founded
2007

Price Target and Rating

Average Stock Price Target
$225.26
High Stock Price Target
$290.00
Low Stock Price Target
$125.00
Potential Upside/Downside
+4.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.81
Research Coverage
36 Analysts

Profitability

Net Income
$-202,340,000.00
Pretax Margin
-8.17%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Book Value
$4.97 per share

Miscellaneous

Free Float
119,853,000
Market Cap
$31.96 billion
Optionable
Optionable
Beta
0.85

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ZS Stock Analysis - Frequently Asked Questions

Should I buy or sell Zscaler stock right now?

36 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last twelve months. There are currently 8 hold ratings, 27 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ZS shares.
View ZS analyst ratings
or view top-rated stocks.

What is Zscaler's stock price target for 2024?

36 Wall Street analysts have issued 1 year price objectives for Zscaler's shares. Their ZS share price targets range from $125.00 to $290.00. On average, they expect the company's share price to reach $225.26 in the next year. This suggests a possible upside of 5.2% from the stock's current price.
View analysts price targets for ZS
or view top-rated stocks among Wall Street analysts.

How have ZS shares performed in 2024?

Zscaler's stock was trading at $221.56 at the start of the year. Since then, ZS shares have decreased by 3.4% and is now trading at $214.08.
View the best growth stocks for 2024 here
.

When is Zscaler's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, June 6th 2024.
View our ZS earnings forecast
.

How were Zscaler's earnings last quarter?

Zscaler, Inc. (NASDAQ:ZS) issued its quarterly earnings data on Thursday, February, 29th. The company reported ($0.16) EPS for the quarter, beating the consensus estimate of ($0.24) by $0.08. The firm had revenue of $525 million for the quarter, compared to analyst estimates of $507.56 million. Zscaler had a negative trailing twelve-month return on equity of 15.87% and a negative net margin of 7.32%.

What guidance has Zscaler issued on next quarter's earnings?

Zscaler issued an update on its FY 2024 earnings guidance on Thursday, February, 29th. The company provided EPS guidance of 2.730-2.770 for the period, compared to the consensus EPS estimate of 2.490. The company issued revenue guidance of $2.1 billion-$2.1 billion, compared to the consensus revenue estimate of $2.1 billion.

What is Jay Chaudhry's approval rating as Zscaler's CEO?

684 employees have rated Zscaler Chief Executive Officer Jay Chaudhry on Glassdoor.com. Jay Chaudhry has an approval rating of 97% among the company's employees. This puts Jay Chaudhry in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Zscaler own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Zscaler investors own include NVIDIA (NVDA), Block (SQ), Okta (OKTA), Salesforce (CRM), DocuSign (DOCU), Alibaba Group (BABA), Trade Desk (TTD), Zoom Video Communications (ZM), Twilio (TWLO) and CrowdStrike (CRWD).

When did Zscaler IPO?

(ZS) raised $110 million in an IPO on Friday, March 16th 2018. The company issued 10,000,000 shares at $10.00-$12.00 per share. Morgan Stanley and Goldman Sachs served 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?

Zscaler's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (5.96%), First Trust Advisors LP (1.10%), Capital Research Global Investors (1.00%), Price T Rowe Associates Inc. MD (0.98%), Voya Investment Management LLC (0.95%) and 1832 Asset Management L.P. (0.66%). Insiders that own company stock include Ajay Mangal, Alan H Auerbach, Amit Sinha, Andrew William Fraser Brown, Dali Rajic, Jagtar Singh Chaudhry, Karen Blasing, Remo Canessa, Robert Schlossman, Scott C Darling and Syam Nair.
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.
Compare Top Brokerages Here.

This page (NASDAQ:ZS) was last updated on 3/4/2024 by MarketBeat.com Staff