Zscaler, Inc. (ZS)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-30
$237.83-4.03%
Close 2026-10-30 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-10-30
Research Workspace
Put ZS beside peers and holdings, graph the same metric, and keep your notes with the evidence.
Daily closes. Earnings/event dots are placed inline.
Industries move in repeating boom-and-bust cycles. This shows where this stock’s industry sits in that cycle, stage by stage (recovery → expansion → supercycle → steady → deceleration → contraction), from its fundamentals (orders, revenue, capital spending), not the stock’s price.
A booming industry is a tailwind for the names in it; a contracting one is a headwind. Companies in the same industry tend to rise and fall together with the cycle, the way a tide lifts and lowers every boat in the harbor at once, so a large part of a stock’s swing can come from where its industry sits rather than from the company itself. It’s context for reading the company’s results, not a buy/sell call. Full explanation →
Systems Software: fringe margins under pressure (2q confirmed)
The stage band shows the industry’s cycle over the chart’s timeline (each color a stage); a ▼ marks a quarter its growth inflected down — amber is an unconfirmed watch, red is confirmed the next quarter. Use “Overlay cycle on chart” to tint the price chart by stage. The industry’s fundamentals, not a signal on this stock.
The reason to own it still holds.
View ThesisRevenue growth is accelerating — up about 25% over the past year.
View GrowthMiddle-of-the-pack quality for its industry.
View QualityMiddle-of-the-pack management execution.
View ManagementExpectations look reasonable — what the market is pricing in sits in line with or below what analysts forecast.
View ValuationThis stock is volatile — it swings about 2% on a typical day and fell roughly 65% in its worst 12-month stretch.
View RiskZscaler’s AI-driven cybersecurity platform and partnerships must sustain revenue growth despite an unprofitable past year. Revenue grew 25% year over year in fiscal fourth-quarter 2026, and non-GAAP earnings beat consensus. The shares trade at 11.4 times sales versus a 3.9 times peer median and 8.1 times their history. Expectations look modest versus our growth view, despite that premium. Our model puts the next-quarter miss probability near 27%. A guidance cut after the recent reaffirmation would also threaten confidence. Peer multiples imply a price about 20% below where it trades; our read remains intact. This read is provisional.
Trailing returns as of 2026-10-30. ZS is total return (includes dividends); the S&P 500 benchmark is price return (the index excludes dividends).
Based on 47 analysts currently covering ZS (as of Oct 2026).
Based on 21 Wall Street analysts offering 12-month price targets for ZS in the last 4 months.
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Compare ZS with peers and holdings, graph the same reported metric, keep your questions beside the evidence, and return when the facts change.
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| Compare | Company | Living FV | P/E | Revenue % | Quality |
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| ZS Selected company | Graph | Compare | Trend | Review | |
| Peer Add a competitor | Graph | Compare | Trend | Review | |
| Holding Compare a holding | Graph | Compare | Trend | Review |
Selected metric trend
Quarterly · checked companies · value or % of revenue
A consensus fair price across 9 valuation methods, at three horizons. As of 2026-10-30. Estimates are diagnostics, not price targets. Short-horizon estimates are close to coin-flips, so confidence is a method-agreement read, not a prediction.
Today's peer multiple on trailing earnings, with no growth credited. This is the headline read.
Adds projected growth, so it leans optimistic by design. Read it as upside context, not a base case.
A price-focused, side-by-side fair-value read versus Systems Software — fair value, gap to price, and forward P/E.
Our valuation methods disagree too much on this name right now. Rather than print a number we don't believe, we're holding it back until they converge.
Compare the value case
Put ZS next to peers and holdings, compare Living FV and multiples, then graph the driver behind the difference.
A probe tied to fraud claims raises governance and legal risks, but allegations are not established findings.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
End-of-day figures as of 2026-10-30. EPS is implied from price ÷ P/E. Not investment advice.
Current $237.83
The last 12 months of price, then the range of analyst 12-month targets from today’s $237.83.
Analyst ratings and price targets are third-party Wall Street estimates, not QuarterlyIQ’s view. Not investment advice.
A long-thesis check that carries the widest uncertainty of the three horizons.
Around the middle on quality vs scored peers
Direction of the business behind the multiple. Bands are backend reads; trailing-12-month basis.
Advances: Expand AI-driven cybersecurity platform and partnerships
AI demand supports growth in cybersecurity platform.
Advances: Achieve $3.33B revenue for fiscal 2026
Reaffirmed revenue outlook supports growth objectives.
Advances: Expand AI-driven cybersecurity platform and partnerships
Investor Day highlights AI-driven growth potential.
Threatens: Achieve $3.33B revenue for fiscal 2026
Slowing ARR could hinder revenue growth objectives.
Threatens: Restructure workforce to support AI and growth initiatives
AI initiatives may not align with growth objectives.
Advances: Achieve $3.33B revenue for fiscal 2026
Increased demand for cybersecurity supports revenue growth.
Advances: Restructure workforce to support AI and growth initiatives
CEO's focus on AI aligns with workforce restructuring objective.
