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Added to YB: 2026-09-08

Pitch date: 2026-09-04

ZS [neutral]

Zscaler, Inc.

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

N/A

Price Target

200.00 (+18%)

Dividend

N/A

EV/EBITDA

154.31

P/E

-430.60

EV/Sales

7.78

Sector

Software

Category

N/A

Show full summary:
Razor's Edge: Zscaler Thoughts

ZS (earnings): Zscaler’s print did not deliver a reacceleration despite the favorable cybersecurity environment, while its incumbent position leaves incremental expansion dollars exposed to platform competitors and potential discounting. The core regulated-customer base appears more durable. The key six-month question is whether Zscaler retains and monetizes AI-agent traffic inspection as runtimes shift toward model providers and hyperscalers; usage already represents 30% of new-bookings mix.

Read full article (3 min)