Zscaler (ZS) Stock Insights

ZS price $255.39 -4.76 -1.83%

Ticker
ZS
Price
$255.39
Change
-4.76 -1.83%
Market cap ?
$41.64B
P/E ?
-667.82
Forward P/E ?
52.35
Dividend yield ?
0.00%
Beta ?
0.94
Sector
Technology
Industry
Software - Infrastructure
Stocklytics score
40
Value
26
Quality
45
Growth
49

Stocklytics score rationale: value 26, quality 45, growth 49.

Financials

2017201820192020202120222023202420252026
12571700019017400030283600043126900067310000010909460001616952000216777100026731150003352523000

Globally recognized, Zscaler, Inc. functions as a leading provider of cloud-based security solutions. Its core offerings include Zscaler Internet Access (ZIA), which ensures secure connectivity for a diverse range of entities – including users, servers, operational technology (OT), and IoT devices – when accessing external resources like software-as-a-service (SaaS) applications and general internet destinations…

Fair value

ZS fair value $169.48. Price $255.39. Price is 51% above fair value.

Above fair value, around its usual premium.

Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.

Calculated with a 10-year free-cash-flow discount. Starting free cash flow 852.35M. Growth 17.15%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 9.45% (beta 0.9). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 163.05M. Net debt 927.47M. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.

Compare ZS

Earnings

DateEPS actualEPS estimateRevenueRevenue estimate
2026-11-24—1.16—937.73M
2026-09-031.191.09898.18M876.96M
2026-05-261.081.01850.48M835.14M
2026-02-261.010.89815.75M798.33M
2025-11-250.960.86788.11M773.28M
2025-09-020.890.80719.23M706.94M
2025-05-290.840.75678.03M666.46M
2025-03-050.780.69647.90M634.38M
2024-12-020.770.63627.96M605.51M
2024-09-030.880.70592.87M567.46M
2024-05-300.880.66553.20M536.12M
2024-02-290.760.58525.00M507.62M
2023-11-270.670.49496.70M497.41M
2023-09-050.640.49455.01M430.38M
2023-06-010.480.42418.80M430.39M
2023-03-020.370.29387.60M365.54M
2022-12-010.290.26355.55M340.66M
2022-09-080.250.20318.06M305.42M
2022-05-260.170.11286.81M271.39M
2022-02-240.130.11255.56M241.09M
2021-11-300.140.12230.52M241.42M
2021-09-090.140.09197.07M151.60M
2021-05-250.150.07176.40M140.34M
2021-02-250.100.08157.04M147.36M
2020-12-020.140.06142.58M117.63M
2020-09-090.050.03125.89M103.86M
2020-05-280.070.02110.52M31.58M
2020-02-200.090.03101.27M33.76M
2019-12-030.030.0193.59M31.20M
2019-09-100.070.0186.11M24.60M
2019-05-300.050.0179.13M15.83M
2019-02-280.090.0174.30M8.26M
2018-12-040.01-0.0563.30M316.49M
2018-09-05-0.01-0.0556.17M280.87M
2018-06-06-0.02-0.0849.16M77.43M
2018-03-16-0.11—39.86M—
2018-01-31-0.06—44.98M—
2017-07-31-0.13—36.54M—
2017-04-30-0.07—32.96M—
2017-01-31-0.33—29.43M—

Dividends

Yield 0.00%. Payout ratio 0.00%. Frequency —.

Safety score 37/100 · Watch. Payout ratio is 0% of earnings. Free-cash-flow coverage is not available, so this part stays neutral. No dividend history was found. There is no dividend yield.

Ex-dateDividendRecordPaymentFrequency
No data yet.

Insider trades

DateInsiderActionSharesPriceValue
2026-10-26RUBIN KEVINSell20$253.265.07K
2026-10-26RUBIN KEVINSell32$254.348.14K
2026-10-26RUBIN KEVINSell14$255.323.57K
2026-10-26RUBIN KEVINSell16$256.314.10K
2026-10-26RUBIN KEVINSell21$257.485.41K
2026-10-26RUBIN KEVINSell19$258.624.91K
2026-10-26RUBIN KEVINSell120$259.7331.17K
2026-10-26RUBIN KEVINSell252$260.3565.61K
2026-10-26RUBIN KEVINSell20$261.275.23K
2026-10-19Schlossman RobertBuy14.19K——
2026-10-19RUBIN KEVINBuy19.86K——
2026-10-19Geller AdamBuy19.86K——
2026-10-12Geller AdamBuy1.04K$205.61214.25K
2026-10-12Geller AdamSell1.04K$235.95245.86K
2026-10-12Geller AdamSell1.04K$205.61214.25K
2026-10-09Geller AdamBuy23.96K$205.614.93M
2026-10-09Geller AdamSell21.88K$225.004.92M
2026-10-09Geller AdamSell2.08K$230.00479.09K
2026-10-09Geller AdamSell23.96K$205.614.93M
2026-09-25RUBIN KEVINSell100$194.7619.48K
2026-09-25RUBIN KEVINSell189$195.6436.98K
2026-09-25RUBIN KEVINSell118$196.5723.20K
2026-09-25RUBIN KEVINSell3$197.32592
2026-09-25RUBIN KEVINSell9$199.711.80K
2026-09-25RUBIN KEVINSell20$201.114.02K
2026-09-25RUBIN KEVINSell5$202.061.01K
2026-09-25RUBIN KEVINSell36$203.157.31K
2026-09-25RUBIN KEVINSell12$204.422.45K
2026-09-25RUBIN KEVINSell20$205.354.11K
2026-09-25RUBIN KEVINSell4$205.99824
2026-09-25RUBIN KEVINSell3$207.80623
2026-09-21Geller AdamSell661$200.00132.20K
2026-09-21Schlossman RobertSell5.39K$200.001.08M
2026-09-17Geller AdamSell4.58K$192.01880.17K
2026-09-17BEER JAMES ASell177$192.0133.99K
2026-09-16Chaudhry Jagtar SinghSell2.85K$192.76549.76K
2026-09-16RUBIN KEVINSell5.96K$192.761.15M
2026-09-16Geller AdamSell5.58K$192.761.08M
2026-09-16Rich Michael J.Sell4.11K$192.76791.87K
2026-09-16Schlossman RobertSell2.33K$192.76448.17K
2026-09-15RUBIN KEVINBuy8.35K——
2026-09-15Geller AdamBuy6.82K——
2026-08-25RUBIN KEVINSell291$172.5350.21K
2026-08-25RUBIN KEVINSell92$173.5315.96K
2026-08-25RUBIN KEVINSell48$174.548.38K
2026-08-25RUBIN KEVINSell66$175.7811.60K
2026-08-25RUBIN KEVINSell6$176.491.06K
2026-07-27RUBIN KEVINSell72$144.7410.42K
2026-07-27RUBIN KEVINSell75$145.7110.93K
2026-07-27RUBIN KEVINSell96$146.7514.09K
2026-07-27RUBIN KEVINSell118$147.7417.43K
2026-07-27RUBIN KEVINSell142$148.8121.13K
2026-07-06Schlossman RobertSell122$150.0018.30K
2026-06-25RUBIN KEVINSell504$123.1862.08K
2026-06-25RUBIN KEVINSell1.70K$124.07210.42K
2026-06-25RUBIN KEVINSell560$124.8769.92K
2026-06-25RUBIN KEVINSell228$125.9728.72K
2026-06-25RUBIN KEVINSell12$126.791.52K
2026-06-22Geller AdamSell2.82K$122.60345.36K
2026-06-17BEER JAMES ASell177$125.5022.21K
2026-06-16Chaudhry Jagtar SinghSell2.88K$126.43363.86K
2026-06-16Geller AdamSell1.94K$126.43245.27K
2026-06-16Schlossman RobertSell3.15K$126.43397.75K
2026-06-16Rich Michael J.Sell4.18K$126.43528.98K
2026-06-16RUBIN KEVINSell1.69K$126.43213.16K
2026-03-18Geller AdamSell2.09K$153.53321.49K
2026-03-18BEER JAMES ASell177$153.5327.17K
2026-03-17Geller AdamSell1.49K$156.59232.54K
2026-03-17Chaudhry Jagtar SinghSell1.94K$156.59303.95K
2026-03-17RUBIN KEVINSell1.68K$156.59263.39K
2026-03-17Schlossman RobertSell2.26K$156.59354.37K
2026-03-17Rich Michael J.Sell3.15K$156.59492.80K
2026-03-17Judge RajSell2.49K$156.59389.60K
2026-01-12Brown Andrew William FraserBuy1.08K——
2026-01-12Darling Scott CBuy1.08K——
2026-01-12Giancarlo Charles HBuy1.08K——
2026-01-12Naughton EileenBuy1.08K——
2026-01-12Schneider DavidBuy1.08K——
2026-01-12BEER JAMES ABuy1.08K——
2026-01-12BLASING KARENBuy1.08K——
2026-01-02BEER JAMES ASell653$226.72148.05K
2025-12-26Brown Andrew William FraserSell5.00K——
2025-12-17Schlossman RobertSell2.35K$232.79546.82K
2025-12-17Geller AdamSell1.62K$232.79377.12K
2025-12-16Schlossman RobertSell3.08K$230.82711.85K
2025-12-16Rich Michael J.Sell4.10K$230.82946.36K
2025-12-16RUBIN KEVINSell3.30K$230.82762.40K
2025-12-16Chaudhry Jagtar SinghSell2.84K$230.82656.22K
2025-12-16Geller AdamSell2.06K$230.82475.49K
2025-12-16Judge RajSell3.44K$230.82793.56K
2025-10-24Schlossman RobertSell3.20K$325.001.04M
2025-10-15Schlossman RobertBuy7.15K——
2025-10-15Geller AdamBuy10.73K——
2025-10-15Rich Michael J.Buy10.73K——
2025-10-02Schlossman RobertSell700$302.92212.05K
2025-10-02Schlossman RobertSell900$304.00273.60K
2025-10-02Schlossman RobertSell300$304.6791.40K
2025-10-02Schlossman RobertSell4.53K$306.121.39M
2025-10-02Schlossman RobertSell574$307.47176.49K
2025-09-25Chaudhry Jagtar SinghSell21.86K——

Institutional holders

Latest filed quarter: Q2 2026.

Institutions holding: 842, holders +18 vs prior quarter. Ownership 51.50%.

HolderSharesChangeChange %Value
BLACKROCK, INC.9.89M1.32M+15.43%1.40B
VANGUARD PORTFOLIO MANAGEMENT LLC6.20M266.09K+4.49%874.67M
VANGUARD CAPITAL MANAGEMENT LLC4.72M60.50K+1.30%666.42M
FIRST TRUST ADVISORS LP3.53M10.54K+0.30%498.15M
GOLDMAN SACHS GROUP INC3.16M2.97M+1562.22%446.25M
STATE STREET CORP2.49M109.15K+4.58%351.98M
SUSQUEHANNA INTERNATIONAL GROUP, LLP2.48M2.24M+932.27%350.15M
PICTET ASSET MANAGEMENT HOLDING SA2.10M184.08K+9.58%296.89M
GEODE CAPITAL MANAGEMENT, LLC2.09M3.81K+0.18%294.32M
JANE STREET GROUP, LLC1.89M1.60M+553.44%266.73M
SUSQUEHANNA INTERNATIONAL GROUP, LLP1.84M1.60M+667.70%260.41M
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC1.73M-233.92K-11.90%244.36M
VICTORY CAPITAL MANAGEMENT INC1.68M119.90K+7.71%236.43M
JANE STREET GROUP, LLC1.65M1.36M+469.34%232.40M
CITADEL ADVISORS LLC1.36M854.14K+167.20%192.67M
AQR CAPITAL MANAGEMENT LLC1.36M347.34K+34.19%192.43M
JERICHO CAPITAL ASSET MANAGEMENT L.P.1.36M1.36MNew192.37M
AMUNDI1.14M129.56K+12.85%160.61M
MORGAN STANLEY1.14M-145.17K-11.32%160.45M
MILLENNIUM MANAGEMENT LLC1.13M794.79K+237.32%159.46M
WELLINGTON MANAGEMENT GROUP LLP1.10M209.71K+23.47%155.72M
CITADEL ADVISORS LLC1.01M497.74K+97.43%142.36M
CITADEL ADVISORS LLC958.50K447.64K+87.63%135.29M
BARCLAYS PLC951.60K282.35K+42.19%134.32M
VOLORIDGE INVESTMENT MANAGEMENT, LLC882.35K454.56K+106.26%124.54M

Insights

Revenue by product
PeriodValue
FY2025Reportable Segment: 2673115000.0
FY2026Reportable Segment: 3352523000.0
Revenue by region
PeriodValue
FY2018Asia Pacific: 14465000.0, EMEA: 84828000.0, Other: 4758000.0, UNITED STATES: 86123000.0
FY2019Asia Pacific: 23838000.0, EMEA: 124437000.0, Other: 5754000.0, UNITED STATES: 148807000.0

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Zscaler (ZS) Stock Insights

ZS$255.39-4.76 -1.83%

$41.64B

Market Cap

-667.82

P/E

52.35

Forward P/E

40

Score

Price History