Added to YB: 2026-06-16
Pitch date: 2026-06-11
ZS [neutral]
Zscaler, Inc.
+0.56%
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
$20.9B
Pitch Price
$129.69
Price Target
285.00 (+119%)
Dividend
N/A
EV/EBITDA
357.88
P/E
-265.90
EV/Sales
6.07
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)