Zscaler Inc. (ZS)

NASDAQ: ZS · USD

$179

+1.87 (+1.1%)· Recorded snapshot

Coverage state: Latest published research available

Market snapshot recorded 2026-08-12 02:00 UTC. Latest published research analyzed 2026-05-09 · historical · sources unverified. Prices and fundamentals on this server-rendered page are dated snapshots, not a real-time trading feed.

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StockMarketAgent Research · Analyzed 2026-05-09

Our latest published analysis: ZS rated Hold

ZS is rated Hold at $152.13 versus the reconciled fair value midpoint of $164.73, implying +8.28% upside/downside. Confidence is separately disclosed at 76/100.

Fair value (mid)

$165 / share

$114 – $227

Upside to FV

+8.3%

from $179

Confidence

76/100

Moat

6.5/10

Market cap	$24.5B
Revenue (ttm)	3.2B
Net income (ttm)	-77.4M
EPS (ttm)	-$0.49
Shares out	161.7M
P/E (forward)	33.2x
Volume	2,409,864
Beta	0.92
Price target	$193	+7.8%

Market data

Price

Recent price action with selectable time range.

Financial snapshot

Revenue (ttm): 3.2B
Net income (ttm): -77.4M
EPS (ttm): -$0.49
P/E (forward): 33.2x
Market cap: $24.5B

Item	P1	P2	P3	P4	Trend
Period	2022-07-31	2023-07-31	2024-07-31	2025-07-31	Trend
Revenue	$1.09B	$1.62B	$2.17B	$2.67B	+34.8%
Gross profit	$848.7M	$1.25B	$1.69B	$2.05B	+34.3%
Operating income	$-327.4M	$-234.6M	$-121.5M	$-127.1M	—
Net income	$-390.3M	$-202.3M	$-57.7M	$-41.5M	—
EPS (diluted)	$-2.77	$-1.40	$-0.39	$-0.27	—
EBITDA	$-277.6M	$-109.2M	$64.8M	$108.1M	—
R&D	$289.1M	$350.8M	$499.8M	$672.5M	+32.5%
SG&A	$887.0M	$1.14B	$1.31B	$1.51B	+19.4%

Ticker	Name	Market cap	P/E	P/S	ROIC	5Y rev CAGR	1Y total return	Rating
AI	C3.ai, Inc.	1.7B	—	6.6x	-37.8%	+6.4%	-52.0%	Strong Buy
CRWD	CrowdStrike Holdings Inc.	226B	—	44.4x	-31.9%	+38.5%	+109.1%	Sell
ESTC	Elastic N.V.	7.9B	22.3x	4.6x	-10.0%	+23.4%	+2.5%	Strong Buy
AAPL	Apple Inc.	4.4T	35.0x	9.5x	101.6%	+6.1%	+33.6%	Sell
ACN	Accenture plc	110B	14.4x	1.5x	27.1%	+8.8%	-22.3%	Buy
ADBE	Adobe Inc.	104.8B	15.1x	4.2x	60.7%	+11.9%	-22.7%	Strong Buy

All ZS indicators

Market & fundamental data

Available fields

243

Groups with data

Currency

USD

Showing 243 of 243 available metrics for this ticker.

Profile and market data

Ticker identity, listing, currency, market cap, and source dates.

Metric	Value
Cik	0001713683
Company name	Zscaler, Inc.
Country	United States
Country code	US
Cusip	98980G102
Employees	7,923
Employees Change	575%
Employees Change Percent	7.83
Enterprise value	$27.2B
Exchange	NASDAQ
Financial currency	USD
First seen	2026-05-09
Industry	Software - Infrastructure
Industry PE	37.7
Industry PE Fwd	28.86
IPO Date	2018-03-16
Isin	US98980G1022
Last refreshed	2026-08-12
Market cap	$28.9B
Market cap category	Large-Cap
Price	$179
Price currency	USD
Rev Per Employee	400,550.8x
Sector	Technology
Sector PE	35.66
Sector PE Fwd	20.2
Sic	7371
Symbol	ZS
Website	https://www.zscaler.com

Valuation

Multiples, yields, enterprise-value ratios, and valuation checks.

Metric	Value
Earnings Yield	-0.27%
EV Sales Forward	7.27x
EV/EBITDA	126.17x
EV/FCF	28.23x
EV/Sales	8.57x
FCF yield	3.34%
Forward P/E	40.25x
P/B ratio	12.2x
P/S ratio	9.1x
PEG ratio	1.74x
PS Forward	7.71x

Profitability

Margins, returns on capital, cash conversion, and quality metrics.

Metric	Value
EBIT Margin	-4.73%
EBITDA Margin	6.79%
FCF margin	30.36%
Gross margin	76.74%
Gross Profit	$2.4B
Gross Profit Growth	23.44%
Gross Profit Growth Q	25.91%
Gross Profit Growth3 Y	28.32%
Gross Profit Growth5 Y	39.15%
Net Income	$-77.4M
Net Income Growth Years	3%
Pretax Margin	-1.07%
Profit Margin	-2.44%
Profit Per Employee	$-9,768
ROA	-1.36
Roa5y	-4.39
ROCE	-3.26
ROE	-3.71
Roe5y	-32.43
ROIC	-2.32

Growth

Revenue, earnings, cash-flow, and forward growth indicators.

Metric	Value
Cagr1y	-33.81%
Cagr3y	7.36%
Cagr5y	-5.78%
EPS Growth Years	3
FCF Growth	24.83%
FCF Growth Q	12.02%
FCF Growth3 Y	41.76%
FCF Growth5 Y	47.83%
OCF Growth	18.97%
OCF Growth Q	-6.19%
OCF Growth3 Y	36.85%
OCF Growth5 Y	42.26%
Revenue Growth	24.61x
Revenue Growth Q	25.43x
Revenue Growth Quarters	33x
Revenue Growth Years	10x
Revenue Growth3 Y	28.95x
Revenue Growth5 Y	39.44x

Financial strength

Debt, cash, solvency, accounting-quality, and balance-sheet signals.

Metric	Value
Asset Turnover	$0.51
Assets	$7.1B
Cash	$3.5B
Current Assets	$4.7B
Current Liabilities	$2.5B
Debt	$1.9B
Debt EBITDA	$8.66
Debt Equity	$0.79
Debt FCF	$1.94
Equity	$2.4B
Interest Coverage	-13.49
Liabilities	$4.7B
Long Term Assets	$2.4B
Long Term Liabilities	$2.2B
Net Cash	$1.7B
Net Cash By Market Cap	$5.79
Net Cash Growth	-5.94%
Net Debt EBITDA	$-7.75
Net Debt Equity	$-0.71
Net Debt FCF	$-1.73
Tangible Book Value	$1.1B
Tangible Book Value Per Share	$6.58
WACC	8.76

Liquidity

Current-asset coverage and working-capital efficiency metrics.

Metric	Value
Current ratio	1.86
Net Working Capital	$-1.3B
Quick ratio	1.72
Working Capital	$2.2B
Working Capital Turnover	$2.19

Dividends and buybacks

Dividend yield, payout, buybacks, and shareholder-yield indicators.

Metric	Value
Buyback Yield	-3.74%
Dividend Yield	0%

Performance and technicals

Returns, volatility, beta, momentum, RSI, and moving-average context.

Metric	Value
1Y total return	-33.8%
200-day SMA	185.2
3Y total return	23.74%
50-day SMA	143.2
50-day SMA vs 200-day SMA	50under200
5Y total return	-25.76%
All Time High	376.1
All Time High Change	-52.53%
All Time High Date	2021-11-19
All Time Low	24.76
All Time Low Change	621.12%
All Time Low Date	2018-05-25
ATR	7.86
Beta	0.92
Beta1y	0.44
Beta2y	1.34
Ch YTD	-20.62
High	180.8
High52	337
High52 Date	2025-11-03
High52ch	-47.02%
Low	172.3
Low52	114.6
Low52 Date	2026-04-10
Low52ch	55.77%
Ma50ch	24.72%
Premarket Change Percent	-0.38
Premarket Price	$176
Premarket Volume	19,411
Price vs 200-day SMA	-3.58%
RSI	73.08
RSI Monthly	47.14
RSI Weekly	54.29
Sharpe ratio	-0.41x
Sortino ratio	-0.43
Total Return	-3.74%
Tr YTD	-20.62
Tr1m	28.2%
Tr1w	9.39%
Tr3m	17.37%

Analyst estimates

Ratings, targets, revisions, and forward estimate fields.

Metric	Value
Analyst Count	46
Analyst Count Top	33
Analyst Price Target Top	$195
Analyst Ratings	Buy
Analyst Ratings Top	Strong Buy
Earnings EPS Estimate	$0.88
Earnings EPS Estimate Growth	-1.12
Earnings Revenue Estimate	877,522,032x
Earnings Revenue Estimate Growth	22.01x
Operating Income	$-135M
Operating margin	-4.25
Price target	$193
Price Target Change	$7.84
Price Target Change Top	$9.03

Ownership and float

Institutional, insider, float, short-interest, and share-count fields.

Metric	Value
Float	100,610,552%
Float Percent	62.22%
Net Borrowing	574,960,000
Shares Insiders	34.97%
Shares Institutions	55.04%
Shares Out	161,709,525
Shares Qo Q	0.66%
Shares Yo Y	3.74%
Short Float	8%
Short Ratio	2.23
Short Shares	4.98

Other indicators

Additional ticker metrics that do not fit the primary research groupings yet.

Metric	Value
Adjusted FCF	$180.5M
Adjusted OCF	317,987,000
Average Volume	2,196,227.05x
Bv Per Share	14.63
CAPEX	$-137.5M
Ch1m	28.2
Ch1w	9.39
Ch1y	-33.8
Ch3m	17.37
Ch3y	23.74
Ch5y	-25.76
Ch6m	2.42
Change	1.06%
Change From Open	1.77
Close	176.7
Days Gap	-0.7
Depreciation Amortization	74,166,000
Dollar Volume	430,281,217.2
Earnings Date	2026-09-03
Earnings Time	amc
EBIT	$-150M
EBITDA	$215.6M
EPS	$-0.49
F Score	3
FCF	$963.5M
FCF EV Yield	3.54x
FCF Per Share	$5.96
Financing CF	419,610,000
Fiscal Year End	July
Founded	2,007
Goodwill	1,094,434,000
Income Tax	$43.4M
Investing CF	-2,529,361,000
Is Primary Listing	1
Is Spac	No
Last Earnings Date	2026-05-26
Last Report Date	2026-04-30
Last Split Type	Never
Last10k Filing Date	2025-09-11
Ma150	156.1
Ma150ch	14.35%
Ma20	154.3
Ma20ch	15.73%
Net CF	-1,008,778,000
Next Earnings Date	2026-09-03
Open	175.5
Optionable	Yes
P FCF Ratio	29.97
P FCF Ratio SBC	160
P OCF Ratio	26.23
P OCF Ratio SBC	90.8
Position In Range	73.59
Post Close	178.6
Postmarket Change Percent	-0.18
Postmarket Price	$178
Ppne	712,923,000
Pre Close	176.7
Price Date	2026-08-11
Price EBITDA	$134
Ptbv Ratio	27.13
Relative Volume	1.1x
Revenue	3,173,564,000x
SBC By Revenue	24.67x
Share Based Comp	782,986,000
Tax By Revenue	1.37x
Tr6m	2.42%
Us State	California
Views	538
Volume	2,409,864
Z Score	5.37

Frequently asked questions

About this ZS report

What is the latest published ZS stock rating?

Zscaler Inc. is shown with hold in the latest published report, analyzed 2026-05-09. The hub links directly to the full analysis surface where the dated rating, fair-value bridge, risks, and scorecard are documented together.

Where can I read the full ZS analysis?

The full latest published report, analyzed 2026-05-09, lives at /stocks/ZS/analysis. The bare ticker page summarizes that read and links to each analysis tab; earlier editions remain under /analysis/archive.

What fair-value range is used for ZS?

The latest published report analyzed 2026-05-09 frames ZS around USD 114 to USD 227. This is a dated valuation range, not a live market price; check the valuation, sensitivity, and bear-case tabs before making a decision.

How often is the ZS page updated?

The hub selects the latest published stock report regardless of age and displays its analysis date (2026-05-09). Separately sourced market data is labeled with its own recorded timestamp and is never inferred from the report.

Zscaler Inc. (ZS)

Coverage state: Latest published research available

Generate a fresh ZS analysis

Our latest published analysis: ZS rated Hold

Price

Financial snapshot

Fair-value bridge

Analyst consensus

Latest news · ZS

Valuation

Profitability

Balance sheet

Trading

Position sizing & entry playbook

Next earnings

Sector percentile context

All ZS indicators

Profile and market data

Valuation

Profitability

Growth

Financial strength

Liquidity

Dividends and buybacks

Performance and technicals

Analyst estimates

Ownership and float

Other indicators

Deeper analysis on ZS

Frequently asked questions