image
Technology - Software - Infrastructure - NASDAQ - US
$ 180.055
3.08 %
$ 27.9 B
Market Cap
-1800.55
P/E
1. INTRINSIC VALUE

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one ZS stock under the worst case scenario is HIDDEN Compared to the current market price of 180 USD, Zscaler, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one ZS stock under the base case scenario is HIDDEN Compared to the current market price of 180 USD, Zscaler, Inc. is HIDDEN

This DCF valuation model was last updated on Apr, 8, 2025.

The intrinsic value of one ZS stock under the best case scenario is HIDDEN Compared to the current market price of 180 USD, Zscaler, Inc. is HIDDEN

2. FUNDAMENTAL ANALYSIS

Price Chart ZS

image
$220.0$220.0$215.0$215.0$210.0$210.0$205.0$205.0$200.0$200.0$195.0$195.0$190.0$190.0$185.0$185.0$180.0$180.0$175.0$175.0$170.0$170.015 Oct15 OctNov '24Nov '2415 Nov15 NovDec '24Dec '2415 Dec15 DecJan '25Jan '2515 Jan15 JanFeb '25Feb '2515 Feb15 FebMar '25Mar '2515 Mar15 MarApr '25Apr '25
FINANCIALS
2.17 B REVENUE
34.07%
-121 M OPERATING INCOME
48.22%
-57.7 M NET INCOME
71.48%
780 M OPERATING CASH FLOW
68.67%
-683 M INVESTING CASH FLOW
-163.43%
64.2 M FINANCING CASH FLOW
39.61%
648 M REVENUE
3.18%
-40.1 M OPERATING INCOME
-30.89%
-7.72 M NET INCOME
35.91%
179 M OPERATING CASH FLOW
-45.85%
518 K INVESTING CASH FLOW
100.26%
24.9 M FINANCING CASH FLOW
2698.88%
Balance Sheet Zscaler, Inc.
image
Current Assets 3.4 B
Cash & Short-Term Investments 2.41 B
Receivables 737 M
Other Current Assets 250 M
Non-Current Assets 1.31 B
Long-Term Investments 0
PP&E 473 M
Other Non-Current Assets 835 M
51.22 %15.65 %5.32 %10.05 %17.76 %Total Assets$4.7b
Current Liabilities 3.11 B
Accounts Payable 23.3 M
Short-Term Debt 1.19 B
Other Current Liabilities 1.9 B
Non-Current Liabilities 318 M
Long-Term Debt 44.8 M
Other Non-Current Liabilities 273 M
34.78 %55.28 %7.96 %Total Liabilities$3.4b
EFFICIENCY
Earnings Waterfall Zscaler, Inc.
image
Revenue 2.17 B
Cost Of Revenue 477 M
Gross Profit 1.69 B
Operating Expenses 1.81 B
Operating Income -121 M
Other Expenses -63.8 M
Net Income -57.7 M
3b3b2b2b2b2b1b1b500m500m00(500m)(500m)2b(477m)2b(2b)(121m)64m(58m)RevenueRevenueCost Of RevenueCost Of RevenueGross ProfitGross ProfitOperating ExpensesOperating ExpensesOperating IncomeOperating IncomeOther ExpensesOther ExpensesNet IncomeNet Income
RATIOS
77.99% GROSS MARGIN
77.99%
-5.60% OPERATING MARGIN
-5.60%
-2.66% NET MARGIN
-2.66%
-4.53% ROE
-4.53%
-1.23% ROA
-1.23%
-8.61% ROIC
-8.61%
FREE CASH FLOW ANALYSIS
Free Cash Flow Analysis Zscaler, Inc.
image
600m600m500m500m400m400m300m300m200m200m100m100m00(100m)(100m)20162016201720172018201820192019202020202021202120222022202320232024202420252025
Net Income -57.7 M
Depreciation & Amortization 80.9 M
Capital Expenditures -195 M
Stock-Based Compensation 528 M
Change in Working Capital 66.1 M
Others 383 M
Free Cash Flow 585 M
3. WALL STREET ANALYSTS ESTIMATES
Wall Street Analysts Price Targets Zscaler, Inc.
image
Wall Street analysts predict an average 1-year price target for ZS of $218 , with forecasts ranging from a low of $164 to a high of $270 .
ZS Lowest Price Target Wall Street Target
164 USD -8.92%
ZS Average Price Target Wall Street Target
218 USD 20.97%
ZS Highest Price Target Wall Street Target
270 USD 49.95%
Price
Max Price Target
Min Price Target
Average Price Target
280280260260240240220220200200180180160160140140May '24May '24Jul '24Jul '24Aug '24Aug '24Oct '24Oct '24Nov '24Nov '2420252025Feb '25Feb '25Apr '25Apr '25Jun '25Jun '25Jul '25Jul '25Aug '25Aug '25Oct '25Oct '25Nov '25Nov '2520262026Feb '26Feb '26Apr '26Apr '26
4. DIVIDEND ANALYSIS
5. COMPETITION
slide 2 of 8
6. Ownership
Insider Ownership Zscaler, Inc.
image
Sold
0-3 MONTHS
34.6 M USD 7
3-6 MONTHS
4.95 M USD 5
6-9 MONTHS
7.95 M USD 6
9-12 MONTHS
7.5 M USD 5
Bought
0 USD 0
0-3 MONTHS
0 USD 0
3-6 MONTHS
0 USD 0
6-9 MONTHS
0 USD 0
9-12 MONTHS
7. News
2 Artificial Intelligence (AI) Cybersecurity Stocks to Buy Hand Over Fist in April Cybercrime is forecast to cause a staggering $10.5 trillion in damage to the global economy in 2025 alone, according to a report from Cybersecurity Ventures. Unfortunately, that number will probably grow even bigger in the years to come as businesses shift more of their operations online (increasing their vulnerability) and as technologies like artificial intelligence (AI) make it easier than ever for malicious actors to launch attacks. fool.com - 1 week ago
Zscaler Rises 9% in 3 Months: Should You Buy, Hold or Sell the Stock? ZS' strong financial performance on the back of AI-driven innovation and leading Zero Trust security solutions makes the stock worth holding. zacks.com - 1 week ago
Zscaler Zero Trust Exchange Platform Deployed Across T-Mobile Operations SAN JOSE, Calif., April 01, 2025 (GLOBE NEWSWIRE) -- Zscaler, Inc . (NASDAQ: ZS), the leader in cloud security, collaborated with T-Mobile in late 2023 to rapidly deploy hybrid zero trust throughout its operations. In just three months, T-Mobile implemented the Zscaler Zero Trust Exchange™ AI-powered cloud security platform, which is designed to secure access to applications and the internet, regardless of user location or device. Now, one year later, the roll-out has further secured the Un-carrier's infrastructure against potential cyber threats and over that time, T-Mobile is retiring its traditional VPNs. By reducing the need for traditional VPNs and providing secure and direct access to applications, T-Mobile's employees and other team members can access needed resources efficiently and effectively, whether they are in the office, at home or on the go. globenewswire.com - 1 week ago
Zscaler: Reiterate Buy As Upside Remains Attractive I reiterate a buy rating for ZS, as the share price has reached my target, and I see further upside potential. The new GTM model has proven effective, with improved sales productivity and significant growth in billings and large deal activity. ZS's platform is resonating well with customers, driving platform consolidation and higher attach rates, especially in the upmarket segment. seekingalpha.com - 1 week ago
Zscaler: This Is Just The Beginning I continue to remain bullish on Zscaler, Inc. as it sees ongoing enterprise momentum in its $100K+ and $1M+ ARR cohort driven by its AI-powered product roadmap and increasing sales productivity. Zscaler set a new standard called Zero Trust Everywhere and they are looking to triple the number of enterprise customers under the standard in 18 months. Plus their AI-powered products are seeing growing adoption with revenue from their emerging products expected to reach the mid-twenties percent of all business in FY25. seekingalpha.com - 1 week ago
Josh Brown: Zscaler is breaking out Josh Brown, CEO of Ritholtz Wealth Management, joins CNBC's "Halftime Report" to explain why he thinks Zscaler is about to break out. youtube.com - 2 weeks ago
Zscaler: Sales Machine Is Operating Well Again, After A Clunky 2024 Zscaler has outperformed most growth stocks in 2024, rising nearly 20% year to date, driven in part by a recent "beat and raise" in Q2. The company benefits from a shift towards cloud-based security tools, essential for modern data storage and AI applications, unlike traditional firewalls. Zscaler's net retention rates improved to 115% in Q2, indicating robust customer spending despite a challenging economic environment. seekingalpha.com - 2 weeks ago
Zscaler: Downgrading On Anticipated Slowdown In Growth Zscaler is a leading cybersecurity firm riding long-term tailwinds. The company delivered 23% YoY revenue growth and expanded non-GAAP operating margins to 21.7%. Management has suggested optimism, but I am skeptical and expect revenue growth to decelerate to 16-18% in the upcoming fiscal year. seekingalpha.com - 2 weeks ago
Red River Awarded Zscaler Americas Public Sector Partner of the Year CHANTILLY, Va.--(BUSINESS WIRE)--Red River recognized as Zscaler Americas Public Sector Partner of the Year for its leadership and commitment to advancing zero trust security. businesswire.com - 2 weeks ago
Analysts Are Upgrading These 5 Software Stocks—Should You Buy? Software stocks aren't always favored, but now is a good time to own them. Analysts are lifting targets for leading names and indicating significant gains for stocks like Snowflake NYSE: SNOW, Okta NASDAQ: OKTA, CrowdStrike NASDAQ: CRWD, Workday NASDAQ: WDAY, and Zscaler NASDAQ: ZS. marketbeat.com - 2 weeks ago
4 Undervalued Growth Stocks to Buy and Hold for the Long Term While most investors favor bull markets, bear markets offer unique opportunities to buy strong companies at lower prices. As the Nasdaq pulled back on Tuesday, analysts evaluated tech stocks for buying opportunities and identified potential long-term investments. marketbeat.com - 2 weeks ago
New Zscaler AI Security Report Reveals an Over 3,000% Surge in Enterprise Use of AI/ML Tools Annual ThreatLabz Report Reveals 36x More AI/ML Transactions in World's Largest Security Cloud, Stressing the Need for Zero Trust Everywhere to Enable Secure GenAI Adoption and Stop AI-Powered Threats Annual ThreatLabz Report Reveals 36x More AI/ML Transactions in World's Largest Security Cloud, Stressing the Need for Zero Trust Everywhere to Enable Secure GenAI Adoption and Stop AI-Powered Threats globenewswire.com - 3 weeks ago
8. Profile Summary

Zscaler, Inc. ZS

image
COUNTRY US
INDUSTRY Software - Infrastructure
MARKET CAP $ 27.9 B
Dividend Yield 0.00%
Description Zscaler, Inc. operates as a cloud security company worldwide. The company provides Zscaler Internet Access solution that provides users, servers, operational technology, Internet of Things device secure access to externally managed applications, including software-as-a-service (SaaS) applications and Internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds. It also offers Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy to understand digital experience score for each user, application, and location within an enterprise. In addition, the company provides workload segmentation solutions comprising Zscaler Cloud Security Posture Management that identifies and remediates application misconfigurations in SaaS, infrastructure as a service, and platform as a service to reduce risk and ensure compliance with industry and organizational benchmarks; and Zscaler Cloud Workload Segmentation, which is designed to secure application-to-application communications inside public clouds and data centers to stop lateral threat movement, as well as prevents application compromise and reduces the risk of data breaches. Its platform modules include Zscaler Central Authority, Zscaler Enforcement Node, and Zscaler Log Servers. It serves customers in airlines and transportation, conglomerates, consumer goods and retail, financial services, healthcare, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc., and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.
Contact 120 Holger Way, San Jose, CA, 95134 https://www.zscaler.com
IPO Date March 16, 2018
Employees 7348
Officers Mr. Remo E. Canessa Chief Financial Officer Mr. Jagtar Singh Chaudhry Co-Founder, Chief Executive Officer & Chairman of the Board Mr. K. Kailash Founder & Chief Architect Mr. Mike Rich Chief Revenue Officer & President of Global Sales Ms. Praniti Lakhwara Chief Information Officer Ms. Natalia Wodecki Global Public Relations Director Mr. Robert S. Schlossman J.D. Chief Legal Officer & Secretary Mr. Ashwin Kesireddy Vice President of Investor Relations & Strategic Finance Mr. Syam Nair Chief Technology Officer Ms. Joyce Kim Chief Marketing Officer