Zscaler (ZS) Stock Forecast, Price & News

35 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last year. There are currently 14 hold ratings, 20 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" ZS shares.
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35 brokers have issued 12 month target prices for Zscaler's shares. Their ZS share price forecasts range from $120.00 to $268.00. On average, they anticipate the company's share price to reach $167.56 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price.
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Zscaler's stock was trading at $111.90 at the beginning of 2023. Since then, ZS shares have increased by 27.2% and is now trading at $142.39.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, September 14th 2023.
View our ZS earnings forecast.

Zscaler, Inc. (NASDAQ:ZS) released its earnings results on Thursday, June, 1st. The company reported $0.48 EPS for the quarter, beating the consensus estimate of $0.42 by $0.06. The firm earned $418.80 million during the quarter, compared to the consensus estimate of $411.55 million. Zscaler had a negative trailing twelve-month return on equity of 41.57% and a negative net margin of 18.20%. Zscaler's revenue was up 46.0% on a year-over-year basis. During the same period last year, the company posted ($0.61) EPS.

ETFs with the largest weight of Zscaler (NASDAQ:ZS) stock in their portfolio include Spear Alpha ETF (SPRX), Global X Cybersecurity ETF (BUG), TrueShares Technology, AI & Deep Learning ETF (LRNZ), Simplify Volt Cloud and Cybersecurity Disruption ETF (VCLO), ETFMG Prime Cyber Security ETF (HACK), WisdomTree Cybersecurity Fund (WCBR), iShares Cybersecurity and Tech ETF (IHAK) and Global X Cloud Computing ETF (CLOU).

Zscaler updated its FY23 earnings guidance on Thursday, June, 1st. The company provided earnings per share (EPS) guidance of $1.63-1.64 for the period, compared to the consensus estimate of $1.56. The company issued revenue guidance of ~$1.591-1.593 billion, compared to the consensus revenue estimate of $1.58 billion.

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.

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).

(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.

Zscaler trades on the NASDAQ under the ticker symbol "ZS."

Zscaler's stock is owned by a variety of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (2.87%), WestBridge Capital Management LLC (1.38%), First Trust Advisors LP (1.28%), Champlain Investment Partners LLC (1.06%), Geode Capital Management LLC (0.86%) and Renaissance Technologies LLC (0.84%). Insiders that own company stock include Ajay Mangal, Alan H Auerbach, Amit Sinha, Andrew William Fraser Brown, Dali Rajic, Jagtar Singh Chaudhry, Karen Blasing, Manoj Apte, Remo Canessa and Robert Schlossman.
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Shares of ZS stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ZS stock can currently be purchased for approximately $142.39.

Zscaler (NASDAQ:ZS) has a market capitalization of $20.66 billion and generates $1.48 billion in revenue each year. The company earns $-390,280,000.00 in net income (profit) each year or ($1.89) on an earnings per share basis.

The company employs 4,975 workers across the globe.

Zscaler's mailing address is 120 HOLGER WAY, SAN JOSE CA, 95134. The official website for the company is www.zscaler.com. The company can be reached via phone at (408) 533-0288 or via email at ir@zscaler.com.