Zscaler, Inc. (ZS) is a trending stock: Facts to know before betting on it
Zscaler (ZS) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of ...
Model output · Signal date 2026-11-06
Zscaler, Inc. (ZS) Stock Forecast Nov. 6, 2026
Analysis updated on Nov. 6, 2026 (UTC) · Alpha · vs marketSwitch to Total · Nasdaq
Rating · 90D
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90-day forecast
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30-day forecast
Alpha
Rank in coverage
of 5150 stocks scored
Rank correlation · 90D
45.0%
Spearman, 357 dates
Market Cap
$33.24B
large-cap · #2 of 29 peers
Summary
Zscaler, Inc. (ZS) stock forecast summary
Our AI scores Zscaler, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
Zscaler, Inc. is a large-cap company with a market capitalization of $33.24B. It ranks number 2 by market capitalization among the 29 Services-Computer Programming Services issuers in our coverage with a current forecast. Its P/B Ratio of 12.79x is the highest of the 15 peers that report one.
For ZS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 45.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
Expected return relative to the market over the horizon: a positive alpha means the model expects the stock to beat the market, whatever the market does. Ratings: strong buy ≥ +3.1%, buy ≥ +1.5%, sell < -0.5%, strong sell < -1.8% (top 15%, next 20%, middle 30%, next 20%, bottom 15% of the 2026-11-06 signals)
A free account shows the exact forecast, rating and rank of 3 tickers you follow, ZS included.
Price
ZS price chart and AI forecast
Cross-section · 2026-11-06
How ZS ranks among 5150 stocks
90D Alpha forecasts of every company scored, cut into five relative ratings at the 15th, 35th, 65th and 85th percentiles (dashed lines).
Fundamentals · 2026-07-31
Zscaler, Inc. (ZS) fundamentals
Trailing twelve months. The industry median and the rank (1 = highest) are taken over the Services-Computer Programming Services peers listed below that report each metric.
Valuation & Market
| Metric | ZS | Rank |
|---|---|---|
| Market Cap | $33.24B | 2/29 |
| P/B Ratio | 12.79x | 1/15 |
| EPS | $-0.39 | – |
| Book Value/Share | $15.93 | – |
| Revenue/Share | $20.56 | – |
| FCF/Share | $5.23 | – |
Profitability & Margins
| Metric | ZS | Rank |
|---|---|---|
| ROE | -2.4% | 11/14 |
| ROA | -0.8% | 12/19 |
| ROIC | -2.7% | 12/17 |
| Gross Margin | 76.8% | 3/20 |
| Operating Margin | -4.0% | 17/25 |
| Net Margin | -1.9% | 15/20 |
| EBT Margin | -0.5% | 15/24 |
| Tax Rate | -268.6% | – |
The effective tax rate is outside the normal band, which points to a large non-recurring tax item in the trailing twelve months; headline net income, net margin and P/E are affected by it.
Financial Health
| Metric | ZS | Rank |
|---|---|---|
| Current Ratio | 1.70x | 14/23 |
| D/E Ratio | 2.03x | 2/17 |
| Financial Leverage | 3.03x | 2/19 |
| Interest Coverage | 12.5x | 8/20 |
| Working Capital | $2.07B | 2/22 |
Cash Flow
| Metric | ZS | Rank |
|---|---|---|
| Operating Cash Flow | $1.13B | 4/27 |
| Free Cash Flow | $852M | 4/11 |
| Capital Spending | -$277M | 9/11 |
| OCF Growth YoY | 16.2% | 3/11 |
| FCF Growth YoY | 5.5% | 1/7 |
| FCF/Sales | 25.4% | 2/12 |
| CapEx/Sales | 8.3% | 4/12 |
Operational Efficiency
| Metric | ZS | Rank |
|---|---|---|
| Asset Turnover | 0.43x | 11/16 |
| Receivables Turnover | 2.9x | 11/12 |
| Fixed Assets Turnover | 4.5x | 13/15 |
| Days Sales Outstanding | 125 days | 2/12 |
| Payables Period | 23 days | 9/14 |
Income Statement
| Metric | ZS | Rank |
|---|---|---|
| Total Revenue | $3.35B | 5/17 |
| Operating Income | -$133M | 26/26 |
| Net Income | -$63M | 21/22 |
| R&D Expense | $903M | 1/17 |
| SG&A Expense | $3.45B | 1/19 |
| Cost of Goods Sold | $778M | 7/22 |
Dividend & Shareholder Information
| Metric | ZS | Rank |
|---|---|---|
| Shares Outstanding | 163M | – |
Balance Sheet Highlights (USD millions)
| Total Current Assets | $5.03B | 64.0% of assets |
| Cash & Short-term Investments | $928M | 11.8% of assets |
| Accounts Receivable | $1.15B | 14.6% of assets |
| Total Liabilities | $5.27B | 67.0% of assets |
| Short-term Debt | $2.91B | 37.0% of assets |
Quarterly Financial Reports
ZS quarterly financials and insider trading
Industry Peers · Services-Computer Programming Services
Zscaler, Inc. (ZS) industry peers
Companies classified under the same SEC industry code as Zscaler, Inc. (Services-Computer Programming Services): 31 common-stock issuers with a forecast this week, one row per issuer, largest first. This is a classification match, not a curated list of competitors.
Reveal all forecasts · See exact % predictions for all competitors
Sign up free| Company | 90-Day AI Forecast (Alpha) | Market Cap |
|---|---|---|
| ZS Zscaler, Inc. | $33.24B | |
| INFY Infosys Ltd | $50.69B | |
| CTSH Cognizant Technology Solutions Corp | $28.93B | |
| VRSN Verisign Inc/Ca | $27.99B | |
| WIT Wipro Ltd | $22.65B | |
| EPAM Epam Systems, Inc. | $8.22B | |
| DOCS Doximity, Inc. | $5.85B | |
| DOX Amdocs Ltd | $4.56B | |
| RGTI Rigetti Computing, Inc. | $3.92B | |
| HQ Horizon Quantum Holdings Ltd. | $567M | |
| PERI Perion Network Ltd. | $444M | |
| CINT Ci&T Inc | $406M | |
| SVRE Saverone 2014 Ltd. | $389M | |
| IA Innovative Solutions & Support Inc | $348M | |
| MFI Mf International Ltd | $266M | |
| GDEV Gdev Inc. | $159M | |
| DAVA Endava Plc | $93M | |
| XTIA Xti Aerospace, Inc. | $32M | |
| MLGO Microalgo Inc. | $25M | |
| MNDO Mind Cti Ltd | $18M | |
| BTLN Brightline Interactive, Inc./Nv | $9M | |
| NIXX Nixxy, Inc. | $6M | |
| CYN Cyngn Inc. | $4M | |
| AGMH Agm Group Holdings, Inc. | $2M | |
| VISM Visium Technologies, Inc. | $1M | |
| CHGA Change Agents Corporation. | $850K | |
| BMTM Bright Mountain Media, Inc. | $690K | |
| SBIG Sbig Holdings, Inc. | $440K | |
| JFIL Jubilant Flame International, Ltd | $200K | |
| LOTT Techlott Inc. | N/A | |
| RDAR Telvantis, Inc. | N/A |
Where ZS sits on the market map
Technology · Services-Computer Programming Services
News
Zscaler, Inc. (ZS) stock news
Zscaler: The Best Value In Cybersecurity Already Got Its Re-Rating
Zscaler is rated hold after a recent price surge erased its prior risk/reward asymmetry, despite strong business momentum. Read more on ZS stock here.
Zscaler Lags Cybersecurity Peers: Should Investors Hold the Stock?
ZS' slowing growth and rising spending weigh on its stock, but AI security momentum, Zero Trust adoption and attractive ...
FAQ
Zscaler, Inc. (ZS) stock forecast FAQ
What is the Zscaler, Inc. (ZS) stock forecast?
Our AI scores Zscaler, Inc. every trading day against every stock it covers. Create a free account and follow it to see its rating and price target.
How accurate are Zscaler, Inc. stock predictions?
For ZS, the Spearman rank correlation between our 90-day forecasts and the returns that followed is 45.0%, measured on 357 forecast dates between 2022-08-19 and 2026-08-07 on this stock's own recent history. A rank correlation runs from -100% to +100%: it measures whether higher forecasts were followed by higher returns, and a value near zero or below means the model has shown little skill on this stock. On the 30-day forecasts the same correlation is 19.0%, measured on 400 forecast dates between 2022-08-19 and 2026-10-07. Across our coverage, the out-of-sample test on 4629 stocks from 2025-01-06 to 2026-08-04 produced a positive net return in 92.9% of rebalance periods (factor-neutral book, net of estimated costs). Full backtest report
How often are Zscaler, Inc. forecasts updated?
Zscaler, Inc. forecasts are refreshed on trading days as the daily model run completes. The forecast on this page was produced on Nov. 6, 2026.
Which companies are Zscaler, Inc.'s industry peers?
31 issuers in our coverage, ZS included, share the SEC industry code Services-Computer Programming Services. The largest are: Infosys Ltd (INFY), Cognizant Technology Solutions Corp (CTSH), Verisign Inc/Ca (VRSN), Wipro Ltd (WIT), Epam Systems, Inc. (EPAM), Doximity, Inc. (DOCS).
This analysis is generated automatically using our proprietary AI systems and should not be considered personalized investment advice. Past performance does not guarantee future results. Always conduct your own research and consider consulting a financial advisor before making investment decisions.