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Zscaler, Inc. (ZS)

188.39 +4.16 (+2.26%)
At close: August 31 at 4:00:00 PM EDT
186.45 -1.93 (-1.03%)
Pre-Market: 6:37:57 AM EDT
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ZS Q4 2026 earnings call
September 3, 2026 at 4:30 PM EDT
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Zscaler is set to report its Q4 earnings on September 3, 2026, with expected revenue of $877.19 million and non-GAAP EPS between $1.08 and $1.09. Despite significant growth in AI security demand, Zscaler faces challenges with slowing revenue growth and higher capital expenditures, prompting mixed investor sentiment.

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  • Previous Close 184.23
  • Open 184.17
  • Bid 173.28 x 200
  • Ask 204.09 x 200
  • Day's Range 183.90 - 190.47
  • 52 Week Range 114.62 - 336.99
  • Volume 2,559,557
  • Avg. Volume 3,084,052
  • Market Cap (intraday) 30.464B
  • Beta (5Y Monthly) 0.92
  • PE Ratio (TTM) --
  • EPS (TTM) -0.49
  • Earnings Date Sep 3, 2026
  • Forward Dividend & Yield --
  • Ex-Dividend Date --
  • 1y Target Est 198.88

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. It also provides data security products, such as web and email DLP, endpoint DLP, BYOD security, multi-mode CASB, unified SaaS security, DSPM, AI-SPM, public gen AI security, and Microsoft Copilot data protection; Zero Trust Cloud solution. In addition, the company offers Zero Trust Branch comprising Zero Trust SD-WAN; IoT/OT segmentation; privileged remote access; Zscaler Cellular; and Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy-to-understand digital experience score for each user, application, and location within an enterprise. Further, it provides security operations products, including data fabric for security; asset exposure management; Risk360; unified vulnerability management; deception; managed detection and response; and managed threat hunting. Additionally, the company offers Zero Trust Gateway, a fully managed Zscaler service. It serves the automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

www.zscaler.com

7,923

Full Time Employees

July 31

Fiscal Year Ends

Performance Overview

Trailing total returns as of 8/31/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC) .

YTD Return

ZS
16.24%
S&P 500 (^GSPC)
12.28%

1-Year Return

ZS
32.00%
S&P 500 (^GSPC)
18.98%

3-Year Return

ZS
20.72%
S&P 500 (^GSPC)
70.51%

5-Year Return

ZS
32.32%
S&P 500 (^GSPC)
69.95%

Earnings Trends

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Earnings Per Share

GAAP
Normalized
GAAP
Normalized
 

Revenue vs. Earnings

Annual
Quarterly
Annual
Quarterly
Q3 FY26
Revenue 850.48M
Earnings -13.88M
Profit Margin -1.63%

Q4

FY25

Q1

FY26

Q2

FY26

Q3

FY26

0
200M
400M
600M
800M
-4.0%
-3.5%
-3.0%
-2.5%
-2.0%
-1.5%
 

Analyst Insights

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Top Analyst

Needham
71/100
Latest Rating
Buy
 

Analyst Price Targets

145.00 Low
198.88 Average
188.38 Current
250.00 High
 

Analyst Recommendations

  • Strong Buy
  • Buy
  • Hold
  • Underperform
  • Sell
 

Latest Rating

Date 8/25/2026
Analyst Barclays
Rating Action Maintains
Rating Overweight
Price Action Raises
Price Target 170 -> 192
 

Statistics

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Valuation Measures

Annual
As of 8/27/2026
  • Market Cap

    30.29B

  • Enterprise Value

    28.61B

  • Trailing P/E

    --

  • Forward P/E

    40.82

  • PEG Ratio (5yr expected)

    2.04

  • Price/Sales (ttm)

    9.38

  • Price/Book (mrq)

    12.80

  • Enterprise Value/Revenue

    9.02

  • Enterprise Value/EBITDA

    198.65

Financial Highlights

Profitability and Income Statement

  • Profit Margin

    -2.44%

  • Return on Assets (ttm)

    -1.36%

  • Return on Equity (ttm)

    -3.71%

  • Revenue (ttm)

    3.17B

  • Net Income Avi to Common (ttm)

    -77.39M

  • Diluted EPS (ttm)

    -0.49

Balance Sheet and Cash Flow

  • Total Cash (mrq)

    3.54B

  • Total Debt/Equity (mrq)

    78.94%

  • Levered Free Cash Flow (ttm)

    1.11B

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Company Insights

Fair Value

188.38 Current
 

Dividend Score

0 Low
Sector Avg.
100 High
 

Hiring Score

0 Low
Sector Avg.
100 High
 

Insider Sentiment Score

0 Low
Sector Avg.
100 High
 

Research Reports

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  • SMID August 2026 Pick List

    This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

     
  • Hugging Face Breach by OpenAI's Models Reaffirms Our View on Cyber Importance in an AI World

    Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

    Rating
    Price Target
     
  • SMID July 2026 Pick List

    This pick list highlights constituents of the Morningstar US Mid Cap Index that we believe offer investors the best risk-adjusted return prospects. The market capitalization range for U.S. mid-caps typically falls between $1 billion and $8 billion and represents 20% of the total capitalization of the U.S. equity market.

     
  • Zscaler Earnings: Disappointing Early Look at 2027 as Shares Sell Off; FVE Down to $250

    Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

    Rating
    Price Target
     

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