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Added to YB: 2026-06-16

Pitch date: 2026-06-11

ZS [neutral]

Zscaler, Inc.

+19.01%

current return

Author Info

No bio for this author

Company Info

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolation; Zero Trust Firewall; Cloud Sandbox; and Zero Trust Browser.

Market Cap

$23.8B

Pitch Price

$124.68

Price Target

285.00 (+92%)

Dividend

N/A

EV/EBITDA

411.35

P/E

-302.47

EV/Sales

6.98

Sector

Software

Category

growth

Show full summary:
Zscaler 3QFY26: Upstream of the Wire

ZS (update): Q3 rev/ARR +25%, record op margin, but FY27 guide reset to 16-17% growth crushed stock -28%. Thesis shifts: AI moves highest-value security upstream (code, identity, endpoint) vs Zscaler's inline interception. Bear $105-125 (maturity), base $165-190, bull $245-285 if Symmetry/AI Protect/non-seat usage prove upstream relevance. Old base case now bull case.

Read full article (8 min)