Added to YB: 2026-07-08
Pitch date: 2026-07-04
ZS [bullish]
Zscaler, Inc.
+52.96%
current return
Author Info
No bio for this author
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
$144.11
Price Target
371.00 (+68%)
Dividend
N/A
EV/EBITDA
215.98
P/E
-592.73
EV/Sales
10.89
Sector
Software
Category
growth
Zscaler: Asymmetric Opportunity, or Growth Trap?
ZS: Cybersecurity cloud leader, core holding. Reverse-engineered 4-pillar model: revenue CAGR 9.7-16.7% (bear-bull) via cohort/NRR analysis (114% NRR, decelerating as new-customer growth normalizes to 5-7%). Owner's earnings ~26%, exit multiple 19-37x FCF, real dilution just 3.69%/yr (not 25% SBC/rev). Asymmetric 5yr target $111-$371; hold.
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