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NASDAQ · US · Software - Infrastructure

ZS Zscaler

Zero-trust security for AI traffic

Tight but sold off Its supply chain is tightening but the stock is below its 50-day average — price and fundamentals disagree. (automatic: supply-chain trend + price vs 50-day average)
Last close (delayed) · 2026-11-12
$193.2
−0.30% today
1W
−5.2%
1M
−12.5%
3M
+5.2%
YTD
−14.1%
1Y
−39.1%
Off 52w high
−39.1%
Next earnings (est.): 2026-12-02
Market cap$31.51B
P/E (trailing)—Forward 34.4
EV / sales8.9×EV/EBITDA 684.0×
Revenue (TTM)$3.35BGrowth 24.9% y/y
Margins76.9%gross · op -3.5%
Free cash flow$1.07BCash $3.47B · debt $1.87B
Analyst target$235.2+21.7% upside · 45 analysts · buy
Riskβ 0.84Short 5.5% of float

Fundamentals from public market data, refreshed daily (2026-11-12 22:21 UTC). Figures in reporting currency.

ZS · price with what management and the data said

Supply tighteningBeat / raiseMiss / cutData releaseEasing Hover a numbered marker for details · dashed lines = 50- and 200-day averages

Timeline: management commentary, data & earnings

8 events
  1. 8
    2026-09-03EarningsBeat / raise

    Reported EPS 1.19 vs 1.09 expected (+9.2% surprise).

  2. 7
    2026-05-26EarningsBeat / raise

    Reported EPS 1.08 vs 1.01 expected (+7.1% surprise).

  3. 6
    2026-02-26EarningsBeat / raise

    Reported EPS 1.01 vs 0.9 expected (+12.6% surprise).

  4. 5
    2025-11-25EarningsBeat / raise

    Reported EPS 0.96 vs 0.86 expected (+11.4% surprise).

  5. 4
    2025-09-02EarningsBeat / raise

    Reported EPS 0.89 vs 0.8 expected (+11.0% surprise).

  6. 3
    2025-05-29EarningsBeat / raise

    Reported EPS 0.84 vs 0.76 expected (+10.8% surprise).

  7. 2
    2025-03-05EarningsBeat / raise

    Reported EPS 0.78 vs 0.69 expected (+12.7% surprise).

  8. 1
    2024-12-02EarningsBeat / raise

    Reported EPS 0.77 vs 0.63 expected (+22.7% surprise).

Earnings history

EPS vs expectations
DateExpected EPSReported EPSSurprise
2026-09-031.091.19+9.2%
2026-05-261.011.08+7.1%
2026-02-260.91.01+12.6%
2025-11-250.860.96+11.4%
2025-09-020.80.89+11.0%
2025-05-290.760.84+10.8%
2025-03-050.690.78+12.7%
2024-12-020.630.77+22.7%
2024-09-030.690.88+27.0%
2024-05-300.650.88+35.9%
2024-02-290.580.76+31.1%
2023-11-270.490.67+36.9%
2023-09-050.490.64+30.1%
2023-06-010.430.48+12.7%
2023-03-020.290.37+26.1%
2022-12-010.260.29+11.5%
2022-09-080.210.25+21.5%
2022-05-260.110.17+58.7%
2022-02-240.110.13+16.3%
2021-11-300.120.14+15.3%
2021-09-090.090.14+52.2%
2021-05-250.070.15+110.6%
2021-02-250.080.1+28.8%
2020-12-020.060.14+126.9%

About Zscaler

Website ↗

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 …

8,700 employees · Santa Clara, United States

AI agents and AI-written attacks expand the attack surface faster than security teams can hire. Spend shifts to platforms that use AI to defend AI workloads.

Threats→Detection→Platform→Response

What would prove us wrong. Weakens if net-new ARR decelerates across the group while breach activity stays high.

Peers at the same bottleneck

Who else supplies this

StockRoleLast1D1MYTDTrend
CRWD
CrowdStrike
Endpoint and cloud security platform $229.9+0.35%−7.8%+96.2%
PANW
Palo Alto Networks
Network, cloud and identity security platform $322.7−3.53%−14.0%+75.2%
FTNT
Fortinet
Firewalls and secure networking $129.5+1.12%−29.6%+63.1%
NET
Cloudflare
Edge network, AI inference and bot defence $318.5+1.11%−1.8%+61.5%
S
SentinelOne
AI-native endpoint security $22.29−6.27%−2.3%+48.6%
OKTA
Okta
Identity for people and AI agents $182.5+0.16%−13.9%+111.1%
CHKP
Check Point Software
Network and cloud security $147.5+0.62%+10.0%−20.5%

Not investment advice. Prices delayed and in local currency. Quotes in "double quotes" are verbatim as reported by the linked source; other commentary is our paraphrase. Earnings dates are estimates.