ZS Stock - Zscaler, Inc.
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Financial Statements
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $2.67B | $2.17B | $1.62B | $1.09B | $673.10M |
| Gross Profit | $2.05B | $1.69B | $1.25B | $847.63M | $522.46M |
| Gross Margin | 76.9% | 77.9% | 77.6% | 77.7% | 77.6% |
| Operating Income | $-128,460,000 | $-123,877,000 | $-215,444,000 | $-327,429,000 | $-207,396,000 |
| Net Income | $-41,478,000 | $-57,706,000 | $-202,335,000 | $-390,278,000 | $-262,029,000 |
| Net Margin | -1.6% | -2.7% | -12.5% | -35.8% | -38.9% |
| EPS | $-0.27 | $-0.39 | $-1.40 | $-2.77 | $-1.93 |
Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers 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. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, 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.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Mizuho | Upgrade | Outperform | $310 |
| December 1st 2025 | Bernstein | Downgrade | Market Perform | $264 |
| November 26th 2025 | Needham | Reiterated | Buy | $310← $350 |
| November 26th 2025 | CapitalOne | Upgrade | Overweight | $320 |
| November 18th 2025 | Berenberg | Initiation | Buy | $400 |
| September 3rd 2025 | BMO Capital Markets | Reiterated | Outperform | $315← $295 |
| September 2nd 2025 | Morgan Stanley | Upgrade | Overweight | $320 |
| August 26th 2025 | B. Riley Securities | Initiation | Neutral | $275 |
| June 13th 2025 | Wells Fargo | Upgrade | Overweight | $385 |
| May 30th 2025 | Piper Sandler | Downgrade | Neutral | $260 |
| April 28th 2025 | Exane BNP Paribas | Upgrade | Outperform | $260 |
| April 23rd 2025 | Roth Capital | Initiation | Neutral | $215 |
| April 3rd 2025 | Cantor Fitzgerald | Upgrade | Overweight | $250 |
| April 1st 2025 | Stephens | Initiation | Overweight | $255 |
| March 18th 2025 | Morgan Stanley | Resumed | Equal Weight | - |
Earnings History & Surprises
ZSEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | May 27, 2026 | — | — | — | — |
Q1 2026 | Mar 4, 2026 | $0.89 | — | — | — |
Q4 2025 | Nov 25, 2025 | $0.86 | $0.96 | +12.1% | ✓ BEAT |
Q3 2025 | Sep 2, 2025 | $0.80 | $0.89 | +11.2% | ✓ BEAT |
Q2 2025 | May 29, 2025 | $0.75 | $0.84 | +11.7% | ✓ BEAT |
Q1 2025 | Mar 5, 2025 | $0.69 | $0.78 | +13.5% | ✓ BEAT |
Q4 2024 | Dec 2, 2024 | $0.63 | $0.77 | +22.2% | ✓ BEAT |
Q3 2024 | Sep 3, 2024 | $0.70 | $0.88 | +25.0% | ✓ BEAT |
Q2 2024 | May 30, 2024 | $0.66 | $0.88 | +33.9% | ✓ BEAT |
Q1 2024 | Feb 29, 2024 | $0.58 | $0.76 | +31.0% | ✓ BEAT |
Q4 2023 | Nov 27, 2023 | $0.49 | $0.67 | +36.7% | ✓ BEAT |
Q3 2023 | Sep 5, 2023 | $0.49 | $0.64 | +30.6% | ✓ BEAT |
Q2 2023 | Jun 1, 2023 | $0.42 | $0.48 | +14.3% | ✓ BEAT |
Q1 2023 | Mar 2, 2023 | $0.29 | $0.37 | +27.6% | ✓ BEAT |
Q4 2022 | Dec 1, 2022 | $0.26 | $0.29 | +11.5% | ✓ BEAT |
Q3 2022 | Sep 8, 2022 | $0.20 | $0.25 | +25.0% | ✓ BEAT |
Q2 2022 | May 26, 2022 | $0.11 | $0.17 | +54.5% | ✓ BEAT |
Q1 2022 | Feb 24, 2022 | $0.11 | $0.13 | +18.2% | ✓ BEAT |
Q4 2021 | Nov 30, 2021 | $0.12 | $0.14 | +16.7% | ✓ BEAT |
Q3 2021 | Sep 9, 2021 | $0.09 | $0.14 | +55.6% | ✓ BEAT |
Latest News
Mizuho Upgrades Zscaler to Outperform, Maintains Price Target to $310
📈 PositiveZscaler shares are trading lower after Bernstein downgraded the stock from Outperform to Market Perform.
📉 NegativeBernstein Downgrades Zscaler to Market Perform, Announces $264 Price Target
📉 NegativeLive On CNBC, Malcolm Ethridge Announces Bought More Zscaler
📈 PositiveMizuho Maintains Neutral on Zscaler, Lowers Price Target to $310
➖ NeutralBaird Maintains Outperform on Zscaler, Raises Price Target to $360
📈 PositiveJP Morgan Maintains Overweight on Zscaler, Raises Price Target to $354
📈 PositiveScotiabank Maintains Sector Outperform on Zscaler, Lowers Price Target to $320
➖ NeutralUBS Maintains Buy on Zscaler, Lowers Price Target to $340
📈 PositiveCitizens Reiterates Market Outperform on Zscaler, Maintains $355 Price Target
📈 PositiveStifel Maintains Buy on Zscaler, Lowers Price Target to $320
➖ NeutralZscaler tumbles, even as Wedbush calls results, guidance 'robust'
📉 NegativeRosenblatt Maintains Buy on Zscaler, Maintains $365 Price Target
📈 PositiveZscaler shares are trading lower after the company reported Q1 financial results.
📉 NegativeBernstein Maintains Outperform on Zscaler, Raises Price Target to $264
📈 PositiveB of A Securities Maintains Buy on Zscaler, Lowers Price Target to $335
📈 PositiveNeedham Maintains Buy on Zscaler, Lowers Price Target to $310
📈 PositiveBTIG Reiterates Buy on Zscaler, Maintains $365 Price Target
📈 PositiveZscaler falls following Q1 financial results as operating losses continue
📉 NegativeZscaler shares are trading lower. The company reported Q1 financial results,
📉 NegativeFrequently Asked Questions about ZS
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