Added to YB: 2026-06-16
Pitch date: 2026-06-11
ZS [neutral]
Zscaler, Inc.
+31.97%
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 Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions.
Market Cap
$27.7B
Pitch Price
$124.68
Price Target
285.00 (+73%)
Dividend
N/A
EV/EBITDA
154.31
P/E
-430.60
EV/Sales
7.78
Sector
Software
Category
growth
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)