Zscaler, Inc. (ZS) fair value analysis
Nasdaq · Updated 2026-10-19
ZS price how computed
Valuation status
No verdict this weekZS: Over the last four quarters, earnings on the basis analysts use were close to zero, so a multiple of next year's forecast would rest on the forecast alone.
No verdict while that holds; it is re-evaluated weekly.
- Last price
- $207.38
- Sector
- Technology
- 12-month range
- $118.05–$336.27
- Market cap
- $33.8B
- From 52-week high
- -38.3%
- Shares outstanding
- 163M
- Rank in Technology by quality score
- #74 of 274
Last price is our stored weekly price from 2026-10-16, older than the 2026-10-19 run that built this page; the chart runs through 2026-10-16.
Zscaler, Inc. is a cloud security company that provides zero-trust security platforms designed to protect enterprises from cyber threats and unauthorized access. The company operates globally, serving customers across North America, Europe, Asia-Pacific, and other international markets.
ZS currently ranks #74 of 274 Technology stocks by quality score.
Fundamentals (4 quarters) how computed
- Market cap
- $33.8B
- P/E (trailing)
- 99x
- Revenue (TTM)
- $3.35B
- Net margin
- -1.9%
- EPS (TTM)
- $2.10
- Gross margin
- 76.7%
- Debt / equity
- 0.71
- Revenue growth (3-yr avg)
- 26.9%
- Shares outstanding
- 163M
Derived indicators how computed
- Quality grade
- A
- Margin trend
- Stable
- 52-week position
- The lower-middle quarter of its range
Technicals how computed
- RSI (14-day)
- 50 · neutral
- 50-day average
- $191.98
- 200-day average
- $165.83
- Moving-average state
- 50-day above 200-day (golden cross state); price above both averages
- Momentum score
- 85 · grade A
- Positive weeks (of 12)
- 3
Earnings how computed
- Next earnings report
- 2026-11-24
- Last 8 quarters vs consensus
- 7 beat, 1 missed
- Quarter by quarter
- 2026-07 ▲ beat (+133.3%)
2026-04 ▲ beat (+6.9%)
2026-01 ▼ miss (-60.0%)
2025-10 ▲ beat (+11.6%)
2025-07 ▲ beat (+11.2%)
2025-04 ▲ beat (+10.5%)
2025-01 ▲ beat (+13.0%)
2024-10 ▲ beat (+22.2%)
Analyst consensus how computed
This is not TickrTrends' verdict.
- Analyst ratings
- 36 buy · 10 hold · 0 sell (46 analysts)
- Consensus lean
- Buy-leaning
- Consensus price target
- $234
- Target vs last price
- +12.8%
What our data shows for ZS
- Our model validated 14 trailing price-to-earnings windows for ZS, built from quarterly earnings records.
- Shares are trading in the middle of their 12-month price range of $118.05–$336.27.
- The 14-day relative strength index sits at a neutral 50.
- 3 of the last 12 weekly snapshots showed positive price momentum.
What subscribers see
- Every published Forward Fair Value with its exact discount or premium
- The normalized P/E and quarter count behind each estimate
- Screeners and rankings across the full S&P 500 and Nasdaq universes
- ZS's own verdict the week it qualifies, published automatically
Forward Fair Value applies a conservatively normalized historical price-to-earnings multiple to the consensus earnings estimate for the next full fiscal year; how TickrTrends computes it.
Recent ZS news
TickrTrends' derived news-sentiment signal for ZS is currently leaning positive, computed from recent coverage.
- A Look at Zscaler Inc (ZS) After 7.8% Gain -- GF Value $297.98 vs Price $231.33 (gurufocus.com, 2026-10-21)
TickrTrends take: Zscaler Inc operates in the Technology sector and has recently experienced upward price movement. According to GF Value analysis, the stock is trading below its calculated intrinsic value, which aligns with TickrTrends' current assessment that the company appears undervalued. A valuation-focused reader should monitor whether this gap between estimated value and market price continues to narrow or widens further, as this spread may influence the stock's risk-reward profile going forward. - D.A. Davidson Initiates Coverage of Zscaler (ZS) with Neutral Rating and $125 Price Target (gurufocus.com, 2026-10-21)
TickrTrends take: D.A. Davidson's neutral rating and $125 price target represent a measured stance on Zscaler, a technology sector company currently assessed as undervalued by TickrTrends metrics. The initiation of coverage at this valuation level suggests analyst caution despite potential upside, which could indicate that traditional price-based models and trend-based valuation approaches are diverging on the stock. Investors tracking valuation indicators should monitor whether the market reprices ZS toward the analyst target or whether the undervalued designation continues to widen the gap between fundamental assessments and current trading levels. - Is Zscaler Inc (ZS) a Bargain After 5.9% Drop? GF Value Says Undervalued (gurufocus.com, 2026-10-16)
TickrTrends take: ZS has experienced a recent decline that may have created valuation opportunity according to GF Value's assessment, which aligns with TickrTrends' current undervalued designation for the technology company. For investors focused on valuation metrics, the confluence of a significant price pullback and an undervalued rating suggests monitoring whether this discount persists or narrows as market conditions evolve. The technology sector context is important to observe, as sector-wide movements could either reinforce or challenge the current undervaluation thesis going forward.
More ZS news
- ZS Maintains Buy Rating by Citigroup -- Price Target Raised to $260 (gurufocus.com, 2026-10-15)
- Zscaler Stock: The Best Value In Cybersecurity Already Got Its Re-Rating (NASDAQ:ZS) (seekingalpha.com, 2026-10-14)
- Investors Heavily Search Zscaler, Inc. (ZS): Here is What You Need to Know (zacks.com, 2026-10-13)
- Zscaler Powered By Agentic AI Growth (NASDAQ:ZS) (seekingalpha.com, 2026-10-11)
- Zscaler Stock Is Priced for Success. Can Its AI Growth Deliver? (insidermonkey.com, 2026-10-09)
- Zscaler, Inc. (ZS) Analyst/Investor Day - Slideshow (NASDAQ:ZS) 2026-10-07 (seekingalpha.com, 2026-10-07)
What people are saying
Follow the ZS conversation: Stocktwits · Reddit · X
TickrTrends weekly updates
- 2026-10-19 — ZS experienced notable shifts in its derived indicators this week. The relative strength index moved from overbought territory into neutral range, suggesting reduced upward momentum, while the stock's sector discount ranking improved from 93rd to 81st position among technology sector peers. The current valuation assessment indicates the stock is undervalued.
- 2026-10-12 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-11 — No material change this week: the verdict, bands and grades all held steady.
- 2026-10-10 — ZS has seen several shifts in its derived indicators over the past week. The momentum indicator moved into grade A territory, the quality grade improved from B to A, and the RSI zone transitioned from neutral to overbought, while the sector discount rank moved from 73 to 92. The DCF cross-check band shifted from an overvalued status to none, and despite these changes, the current valuation verdict remains undervalued.
- 2026-10-05 — No material change this week: the verdict, bands and grades all held steady.
- 2026-09-28 — ZS has moved into positive technical momentum this week as the 50/200-day trend state shifted from mixed to uptrend, while its sector discount ranking weakened from number 59 to number 70 among Technology stocks. The DCF cross-check band now indicates overvalued conditions, a change from no previous signal, though the stock's overall valuation verdict remains undervalued according to TickrTrends' derived indicators.
- 2026-09-21 — TickrTrends' derived indicators for ZS showed notable shifts this week. The DCF cross-check band moved from an overvalued rating to none, while the momentum indicator declined from A to none. Despite these indicator changes, the current valuation verdict for ZS remains undervalued.
- 2026-09-17 — ZS trades in the Technology sector and is currently assessed as undervalued by TickrTrends' valuation framework. This week marked a notable shift in the DCF cross-check band indicator, which moved from showing no signal to indicating an overvalued status, suggesting increased divergence between different valuation methodologies for the stock.
Frequently asked questions
Is ZS stock undervalued?
ZS does not yet have sufficient validated earnings history for a full Forward Fair Value verdict under TickrTrends' standards; it is re-evaluated every week.
What is ZS's TickrTrends verdict?
ZS is currently marked 'Awaiting full valuation' - a verdict publishes automatically once at least six validated trailing P/E windows accumulate.
How does ZS compare to other Technology stocks?
ZS ranks #74 of 274 Technology stocks in TickrTrends' coverage by quality score. It carries no fair-value verdict yet, so it is not ranked by discount.
Is ZS overbought or oversold?
ZS's 14-day RSI is in neutral territory - neither overbought nor oversold.
When does ZS report earnings next?
ZS's next earnings report is scheduled for 2026-11-24, per the published earnings calendar.
Does ZS usually beat earnings estimates?
Over its last 8 reported quarters ZS beat the consensus estimate 7 times and missed 1 times, by TickrTrends' comparison of reported and estimated EPS.
What do analysts say about ZS?
Of 46 analysts covering ZS, 36 rate it a buy, 10 a hold and 0 a sell - buy-leaning, with a consensus price target of $234 (+12.8% versus TickrTrends' last price). This is the analyst consensus, not TickrTrends' Forward Fair Value verdict.
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