Zscaler, Inc. (ZS)
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-11-04
$224.44-0.29%
Close 2026-11-04 · 1-day change
NASDAQInformation TechnologySoftware - InfrastructureSnapshot 2026-11-04
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.
Management is running behind on a stated commitment.
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 64% in its worst 12-month stretch.
View RiskZscaler's AI-driven cybersecurity platform has to keep compounding to justify the price. Revenue grew 25% year over year in the latest quarter. The company also beat earnings expectations significantly. It trades at 11 times sales versus a 4 times peer median. This premium is above its own 8 times historical average. The price reflects less growth than we forecast. A guidance cut after a recent raise would be a major credibility hit. Our model puts the next-quarter miss probability near 27%. Peer multiples imply a price about 20% below where it trades. Our read remains intact. This read is provisional.
Trailing returns as of 2026-11-04. 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 Nov 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 2026-11-04. 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.
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 2026-11-04. EPS is implied from price ÷ P/E. Not investment advice.
Current $224.44
The last 12 months of price, then the range of analyst 12-month targets from today’s $224.44.
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.
