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Zscaler Stock Price, News & Analysis (NASDAQ:ZS)

$198.91
+0.65 (+0.33%)
(As of 12/5/2023 ET)
Compare
Today's Range
$194.29
$199.21
50-Day Range
$148.87
$199.84
52-Week Range
$84.93
$207.78
Volume
1.52 million shs
Average Volume
2.52 million shs
Market Capitalization
$29.27 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$195.33

Zscaler MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.77 Rating Score
Upside/​Downside
1.8% Downside
$195.33 Price Target
Short Interest
Bearish
6.78% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.86
Upright™ Environmental Score
News Sentiment
0.49mentions of Zscaler in the last 14 days
Based on 49 Articles This Week
Insider Trading
Selling Shares
$25.23 M Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.09) to ($1.08) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.96 out of 5 stars

Computer And Technology Sector

382nd out of 589 stocks

Custom Computer Programming Services Industry

16th out of 22 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 – 11/27 - 12/1 (ZS)
Stocks closed the week at or near yearly highs after subdued inflation numbers suggest the Federal Reserve will continue to pause on raising rates
Earnings propel Crowdstrike, cybersecurity sector, to new highs (ZS)
Crowdstrike beat Q3 earnings expectations and issued upbeat guidance. Growing recurring revenue indicates sustained demand and a broader customer base.
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Are Zscaler's results good enough to fuel its rally beyond 100%? (ZS)
With strong fundamentals and the prospect of an actual rate cut happening in 2024, there hasn't been a better time to own Zscaler shares in years
This is a buy-the-dip opportunity in Zscaler
Zscaler results were solid but led the market to fall 5% setting up a buy-the-dip opportunity in a stock that should complete a full reversal soon.
The most upgraded stocks in November have two things in common (ZS)
Marketbeat's most upgraded Stocks list is a who's who of tech names able to monetize AI today; they all report earnings soon and may catalyze their markets.
Palo Alto Networks: the one security stock to rule them all (ZS)
cyber security leader Palo Alto Networks fell into another buying opportunity following a solid report and a raised to guidance.
What the Options Market Tells Us About Zscaler
All the trading advice you’ve ever received boils down to this
All the trading advice you’ve ever received boils down to one goal and one goal only: finding a reliable edge in the markets. If you can do that, grab hold of it and never let go. Because once you have that edge, and you can count on it, you never need to do anything else.
Can Zscaler (ZS) Run Higher on Rising Earnings Estimates?
Zscaler price target raised to $235 from $190 at Citi
Amit Sinha Sells 3,680 Shares of Zscaler, Inc. (NASDAQ:ZS) Stock
Why ZS Stock Was Bought And Why It Was Sold
ZScaler Q1 - Still BUY: Outperformance In 2024
Zscaler (NASDAQ:ZS) Stock Rating Reaffirmed by Truist Financial
Zscaler (NASDAQ:ZS) Stock Rating Reaffirmed by Stifel Nicolaus
Zscaler (NASDAQ:ZS) PT Raised to $200.00 at BMO Capital Markets
Zscaler (NASDAQ:ZS) Rating Reiterated by Rosenblatt Securities
Zscaler (NASDAQ:ZS) PT Raised to $185.00 at Cantor Fitzgerald
Zscaler (NASDAQ:ZS) Trading Up 6.8% Following Analyst Upgrade
Why Is Zscaler (ZS) Stock Soaring Today
Company News for Nov 29, 2023
See More Headlines
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Company Calendar

Last Earnings
11/27/2023
Today
12/05/2023
Next Earnings (Estimated)
3/07/2024
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
$195.33
High Stock Price Target
$229.00
Low Stock Price Target
$125.00
Potential Upside/Downside
-1.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.77
Research Coverage
35 Analysts

Profitability

Net Income
$-202,340,000.00
Pretax Margin
-11.29%

Debt

Sales & Book Value

Annual Sales
$1.62 billion
Book Value
$4.97 per share

Miscellaneous

Free Float
118,913,000
Market Cap
$29.27 billion
Optionable
Optionable
Beta
0.87

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Should I Buy Zscaler Stock? ZS Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Zscaler was last updated on Tuesday, November 28, 2023 at 9:34 PM.

Pros

Here are some ways that investors could benefit from investing in Zscaler, Inc.:

  • Zscaler, Inc. operates as a cloud security company, which is a rapidly growing industry. With the increasing reliance on cloud-based applications and services, the demand for cloud security solutions is expected to continue to rise.
  • Zscaler offers Zscaler Internet Access solution, which provides secure access to externally managed applications, including software-as-a-service (SaaS) applications. This can be attractive to investors as the SaaS market is projected to grow significantly in the coming years.
  • Zscaler Digital Experience measures end-to-end user experience across business applications, providing valuable insights for enterprises. This can help businesses optimize their operations and improve productivity, which can be appealing to investors.
  • Zscaler offers Posture Control solutions, including Cloud Security Posture Management, which helps identify and remediate application misconfigurations. This can reduce risk and ensure compliance with industry and organizational benchmarks, which is important for businesses in terms of security and regulatory compliance.
  • Recent developments and innovations in Zscaler's platform modules, such as Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers, demonstrate the company's commitment to staying at the forefront of cloud security technology. This can be seen as a positive sign for investors, as it indicates the company's ability to adapt to evolving market needs.

Cons

Investors should be bearish about investing in Zscaler, Inc. for these reasons:

  • The stock price of Zscaler, Inc. is subject to market fluctuations and can be volatile. Investors should carefully consider their risk tolerance and investment strategy before investing in the company.
  • The cloud security industry is highly competitive, with many established players and new entrants. Zscaler faces the risk of increased competition, which could impact its market share and profitability.
  • While Zscaler offers a range of solutions, including Zscaler Internet Access and Zscaler Private Access, the company's success is dependent on the adoption and demand for these solutions. If the market demand for cloud security solutions shifts or if Zscaler fails to effectively differentiate itself from competitors, it could negatively impact the company's growth prospects.
  • Investing in Zscaler, Inc. involves risks associated with the technology sector, including rapid technological advancements, cybersecurity threats, and potential disruptions in the cloud infrastructure market. Investors should carefully assess these risks before making investment decisions.
  • Zscaler, Inc. operates globally, which exposes the company to risks associated with international operations, including foreign exchange fluctuations, regulatory changes, and geopolitical uncertainties. These factors can impact the company's financial performance and investor returns.














ZS Stock Analysis - Frequently Asked Questions

Should I buy or sell Zscaler stock right now?

35 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Zscaler in the last twelve months. There are currently 9 hold ratings, 25 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?

35 Wall Street analysts have issued twelve-month price targets for Zscaler's shares. Their ZS share price targets range from $125.00 to $229.00. On average, they expect the company's stock price to reach $195.33 in the next twelve months. This suggests that the stock has a possible downside of 1.8%.
View analysts price targets for ZS
or view top-rated stocks among Wall Street analysts.

How have ZS shares performed in 2023?

Zscaler's stock was trading at $111.90 at the start of the year. Since then, ZS stock has increased by 77.8% and is now trading at $198.91.
View the best growth stocks for 2023 here
.

When is Zscaler's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 7th 2024.
View our ZS earnings forecast
.

How were Zscaler's earnings last quarter?

Zscaler, Inc. (NASDAQ:ZS) announced its earnings results on Monday, November, 27th. The company reported $0.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.49 by $0.18. The firm had revenue of $496.70 million for the quarter, compared to analysts' expectations of $473.36 million. Zscaler had a negative trailing twelve-month return on equity of 23.03% and a negative net margin of 9.54%. The company's revenue for the quarter was up 39.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.47) earnings per share.

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

Zscaler issued an update on its FY24 earnings guidance on Monday, November, 27th. The company provided earnings per share (EPS) guidance of $2.45-2.48 for the period, compared to the consensus EPS estimate of $2.24. The company issued revenue guidance of $2.09-2.10 billion, compared to the consensus revenue estimate of $2.06 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 a price of $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?

Zscaler's stock is owned by many different retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (0.55%), Mirae Asset Global Investments Co. Ltd. (0.51%), Legal & General Group Plc (0.44%), Northern Trust Corp (0.38%), Bank of New York Mellon Corp (0.35%) and Nomura Asset Management Co. Ltd. (0.32%). 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 and Robert Schlossman.
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NASDAQ:ZS) was last updated on 12/5/2023 by MarketBeat.com Staff

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