Added to YB: 2026-08-31
Pitch date: 2026-08-27
ZS [neutral]
Zscaler, Inc.
+18.4%
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
$186.17
Price Target
200.00 (-9%)
Dividend
N/A
EV/EBITDA
215.98
P/E
-592.73
EV/Sales
10.89
Sector
Software
Category
growth
Razor's Edge: SaaS Full Circle - Zscaler, Inc.
ZS (hold): Zscaler remains worth holding until at least $200: sales-leadership turnover and mid-market challenges after several years of hypergrowth have created a relative cybersecurity multiple gap, while its 750B+ daily inline transactions support differentiated security for agent traffic traversing managed users and devices. But cloud-to-cloud traffic can bypass its proxy, network inspection cannot see payload intent, and Zscaler does not own the enterprise directory or cloud-to-cloud authorization. ServiceNow also looks increasingly attractive given its governance/security focus.
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