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Added to YB: 2025-07-08

Pitch date: 2025-07-04

ZS [neutral]

Zscaler, Inc.

-29.54%

current return

Author Info

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Company Info

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions.

Market Cap

$38.1B

Pitch Price

$312.86

Price Target

N/A

Dividend

N/A

EV/EBITDA

215.98

P/E

-592.73

EV/Sales

10.89

Sector

Software

Category

growth

Show full summary:
Zscaler: Leading Zero Trust Security in a $96B and Growing Market

ZS (update - trimmed position): Cloud security leader w/ decelerating growth (+22.6% YoY). Strong moat (500B daily transactions, 95% retention), healthy margins (80.2% gross, 21.6% op). RPO growth accelerating (+30.2%), NDR solid at 114%. $96B TAM. Risk: high valuation (91x fwd P/E, PEG 3.8-6.4). Management strengthening GTM execution. Q1 customer adds weak. 6.8% of portfolio after trimming in June.

Read full article (13 min)