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Added to YB: 2026-07-08

Pitch date: 2026-07-04

ZS [bullish]

Zscaler, Inc.

+3.74%

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

$144.11

Price Target

371.00 (+147%)

Dividend

N/A

EV/EBITDA

411.35

P/E

-302.47

EV/Sales

6.98

Sector

Software

Category

growth

Show full summary:
Zscaler: Asymmetric Opportunity, or Growth Trap?

ZS: Cybersecurity cloud leader, core holding. Reverse-engineered 4-pillar model: revenue CAGR 9.7-16.7% (bear-bull) via cohort/NRR analysis (114% NRR, decelerating as new-customer growth normalizes to 5-7%). Owner's earnings ~26%, exit multiple 19-37x FCF, real dilution just 3.69%/yr (not 25% SBC/rev). Asymmetric 5yr target $111-$371; hold.

Read full article (19 min)