NASDAQ: ZS

Zscaler (ZS) Stock Analysis & Forecast

Nov 4 close

$224.44−0.65 (−0.3%)

Gekko Brief

AI summaryNov 4 close

Zscaler's week centers on scrutiny of its growth trajectory and AI security positioning. Commentary points to slowing growth and rising spending weighed against momentum in AI security and Zero Trust adoption, with questions about execution and leadership stability following weak 2027 guidance and senior sales departures flagged in retrospective coverage. Shares also declined over three percent in a broader cybersecurity sector pullback on 2 November, attributed to tech-wide selling in high-multiple software names rather than company-specific issues. Separately, two law firms have disclosed investigations into potential securities law violations on behalf of investors.

Zscaler closed at $224.44, down 0.3% on the day, with a one-month return of 5.7% and a three-month return of 38%, though the one-year return stands at -33.3%. The price sits above both the 50-day average of $207.13 and the 200-day average of $167.08. The GekkoIndex reads 56.7, placing it in the Neutral zone. The stock trades 24.8% above Gekko Fair Value of $179.84.

Zscaler's next earnings report is scheduled for 24 November, 19 days out, falling inside a typical 20-trading-day holding window; the prior report beat estimates with EPS of $1.19 versus $1.09 expected, with an average absolute reaction of 8.4% historically. Options activity shows 3 unusual signals over the last 30 days, with put premium of $4.1 million exceeding call premium of $1.1 million. Seasonality over the next 20 trading days has averaged -0.7% across 5 years, rising in 2 of them. Consensus among 36 analysts stands at 30 buy, 6 hold, 0 sell, with a target of $235.19.

Written by AI from the Nov 4, 2026 close and checked automatically against the figures on this page.

Zscaler price vs fair value

$224.44$179.84Nov ’25May ’26Nov ’26
Close $224.44200-day averageGekko Fair Value $179.84

Zscaler quick facts

Market cap
$36.60B
P/E ratio
—
Forward P/E
48.8
EPS, TTM
−$0.39
Revenue, TTM
$3.35B
Profit margin
-1.9%
Dividend yield
—
Beta
0.84
Volume
1.54M avg 2.62M
1-year return
−33.3%
Typical daily move
±6.2%
Typical 20-day move
±9.9%
50-day average
$207.13
200-day average
$167.08
Next earnings
Nov 24 after close
Shares outstanding
163.1M
52-week range
$114.63$335.70

Zscaler swing-trade checklist

Zscaler scores 1 supportive, 1 mixed and 4 headwinds across the 6 checklist items with data.

Six things swing traders check before a 20-day hold, read from the latest data.

1 supportive1 mixed4 headwinds

  • Trendsupportive

    Above 50 and 200-day

    Close $224.44 is above the 50-day ($207.13) and 200-day ($167.08) averages, and the 50-day is above the 200-day.

    See the chart
  • GekkoIndexmixed

    56.7, Neutral

    Reading 56.7 is in the Neutral zone.

    See the GekkoIndex
  • Fair valueheadwind

    24.8% above

    Price is 24.8% above Gekko Fair Value (more than 5% above).

    See fair value
  • Smart moneyheadwind

    Leans bearish

    Last 30 days: 3 unusual options signals.

    See smart money
  • Earnings riskheadwind

    Reports in 19 days

    Reports on Nov 24, 2026, 19 days away — inside a typical 20-trading-day hold.

    See earnings
  • Seasonalityheadwind

    −0.7% on average

    From this point in the calendar, the next 20 trading days averaged −0.7% over 5 years, rising in 2 of them.

    See seasonality

A description of current data, not a recommendation. How this page works

Zscaler stock chart and price history

Zscaler closed at $224.44 on Nov 4, 2026, −33.3% over the past year, inside a 52-week range of $114.63 to $335.70.

Close50-day average200-day averageVolume
Zscaler share price, past year, with 50-day and 200-day moving averages and volume$150$200$250$300DecJan 2026FebMarAprMayJunJulAugSepOct224.44

Use the left and right arrow keys to read daily values.

Performance Breakdown

1 month
+5.7%
3 months
+38.0%
6 months
+61.7%
1 year
−33.3%
The full ZS chart adds GekkoIndex, insider, options, Congress and hedge fund markers, plus TrendCandles™.Open ZS in Gekko

Follow Zscaler through every session

Put ZS on a Gekko watchlist and see its GekkoIndex, Gekko Fair Value and smart money signals update on the chart as they change.

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About Zscaler

Zscaler builds cloud-based security tools that let people, devices, and machines connect safely to the internet and to internal business systems. Its main products include Internet Access, which protects connections to outside destinations such as web applications, and Private Access, which secures entry into internal applications hosted in data centers or private and public clouds. It also offers Digital Experience, a service that tracks how users interact with business applications and scores that experience by person, application, and location.

Beyond these, the company provides tools aimed at protecting cloud workloads, including a posture management product that flags misconfigured settings across cloud application environments, and a segmentation tool that limits how applications communicate with each other to reduce the spread of threats. These offerings run on a shared platform made up of central authority systems, enforcement nodes, and log servers. Customers span a range of fields, among them aviation and transportation, retail, financial services, healthcare, manufacturing, media, government, education, and technology.

Zscaler traces back to 2007, originally launched under the name SafeChannel before adopting its current name in 2008. The company is headquartered in San Jose, California, and its shares are listed on the NASDAQ under the ticker ZS.

Listed
NASDAQ
Sector
Technology services
Industry
Packaged software
Website
zscaler.com

Zscaler GekkoIndex: the smart money zone

Zscaler’s GekkoIndex — Gekko’s 0 to 100 smart money score — reads 56.7, in the Neutral zone, up 12.5 points over five sessions.

010056.7Neutral

Up 12.5 points over five sessions, from the Distribution zone.

Reading for Nov 4, 2026

What followed past readings in each zone

ZoneReadings5 days10 days20 days50 days
Buying67+1.6%+0.2%−0.2%−5.4%
Accumulation243−0.9%−1.1%−0.7%+2.2%
Neutral (current zone)333+1.1%+1.6%+1.6%+2.4%
Distribution51−1.3%+0.9%+4.3%+6.6%
Selling3Too few readings yet

Average ZS share-price change over the trading days after each daily reading in its GekkoIndex history. Across every stock Gekko tracks, Neutral readings averaged +1.0% over 20 days. Past behaviour doesn’t guarantee future results.

Neutral zone: No clear directional signal. About the five zones →

See every daily GekkoIndex reading plotted over the ZS price, zone by zone.Track ZS in Gekko

Is Zscaler stock overvalued? Gekko Fair Value

Zscaler trades 24.8% above Gekko Fair Value of $179.84, so the shares are overvalued on Gekko’s estimate.

Gekko’s own estimate of what Zscaler shares are worth, recalculated every trading day.

$179.84

Gekko Fair Value, Nov 4, 2026

24.8% Overvalued

At the end of Aug 2026 the price was 23.1% above the estimate.

Gekko Fair ValueShare price, month end
$180$225Aug 2026SepOctNov 2026

How Gekko Fair Value works →

Gekko Fair Value on every chart, with the gap to price updating daily.Open ZS in Gekko

Zscaler insider and Congress trading

No open-market insider purchases were filed for Zscaler, and no Congress trades were disclosed, in the last 90 days.

Plus buybacks, unusual options and fund positions, each dated to when it became public.

Insider buying last 90 days

No open-market insider purchases were filed for ZS in the last 90 days.

From Form 4 filings, dated to when each was filed.

Every ZS insider filing, plotted on the chart in Gekko.Open ZS in Gekko

Congress trades last 90 days

No trades in ZS were disclosed by members of Congress in the last 90 days.

From congressional disclosures, which report amounts as ranges.

Congress disclosures for ZS, plotted on the chart in Gekko.Open ZS in Gekko

Buybacks

Zscaler has been buying back its own shares.

Bought back, quarter ended Jul 31, 2026
$21.51M
As a share of market cap
0.06%

From company filings.

Unusual options activity last 30 days

3signals, 21% of the flagged premium in calls.

Latest: Bearish flow on Oct 30, $1.92M in unusual premium.

Hedge funds and billionaires quarter ended Jun 30

3of the funds Gekko tracks hold ZS.

0added3opened0trimmed1sold out
Every signal with its contract, strike and premium, and which funds are on each side.Unlock in Gekko

Zscaler earnings: next date and track record

Zscaler reports on Nov 24, 2026, after the close (19 days away), and beat the EPS estimate in 8 of its last 8 reports.

8 of 8reports beat the EPS estimate
±8.4%average move across the report
2 of 8reports followed by a gain

Share-price move across each report

−3.8%Dec ’24+4.3%Mar ’25+8.7%May ’25−2.3%Sep ’25−10.1%Nov ’25−5.6%Feb ’26−30.7%May ’26−1.7%Sep ’26

Last earnings call, Sep 3, 2026 AI summary

What they said
Zscaler delivered Q4 fiscal 2026 with 25% ARR growth and 24% non-GAAP operating margin. Net new ARR growth (excluding Red Canary) accelerated to 17% in Q4. The company is seeing strong demand driven by AI security concerns, with 90%+ of assessed enterprises having AI applications exposed to the internet. Zscaler processes 750 billion daily transactions, positioning its Zero Trust platform as a key solution for AI-era cybersecurity threats.
Guidance
No explicit forward-looking revenue or earnings guidance was provided in this excerpt. Management indicated AI represents the largest demand tailwind ever seen, suggesting continued ARR growth momentum heading into fiscal 2027.
ReportedEPSSurpriseRevenueSurpriseMove
Sep 3, 2026$1.19
est $1.09
+9.2%$898.2M
est $877.0M
+2.4%−1.7%
May 26, 2026$1.08
est $1.01
+6.9%$850.5M
est $835.1M
+1.8%−30.7%
Feb 26, 2026$1.01
est $0.89
+13.0%$815.8M
est $798.3M
+2.2%−5.6%
Nov 25, 2025$0.96
est $0.86
+12.1%$788.1M
est $773.3M
+1.9%−10.1%
Sep 2, 2025$0.89
est $0.80
+11.2%$719.2M
est $706.9M
+1.7%−2.3%
May 29, 2025$0.84
est $0.75
+11.7%$678.0M
est $666.5M
+1.7%+8.7%
Mar 5, 2025$0.78
est $0.69
+13.5%$647.9M
est $634.4M
+2.1%+4.3%
Dec 2, 2024$0.77
est $0.63
+22.2%$628.0M
est $605.5M
+3.7%−3.8%

“Move” is the close of the first session after the report compared with the close of the last session before it, so it reads the same whether the company reported before the open or after the close.

Zscaler stock forecast and analyst price targets

Analysts’ average 12-month price target for Zscaler is $235.19, +4.8% from the last close, from 36 firms rating the stock in the last 90 days.

$235.19consensus 12-month target, +4.8% from the last close
Low $170High $298
Buy30
Hold6
Sell0

Each firm’s latest rating in the last 90 days: 36 firms.

Latest analyst actions

DateFirmRatingTargetvs price
Oct 26Bank of America SecuritiesBuy, maintained$285+27.0%
Oct 23Bank of America SecuritiesBuy, maintained$285+27.0%
Oct 22Freedom Capital MarketsBuy, maintained$270+20.3%
Oct 20D.A. DavidsonHold, initiated$215−4.2%
Oct 16CitiBuy, maintained$260+15.8%
+1.6%average 20-day move after past Neutral readings
−0.7%average move over the next 20 trading days in the last 5 years
±6.2%typical daily move, from the 14-day average range

Gekko doesn’t publish price predictions. These are analyst targets and historical base rates, which don’t guarantee future results.

Zscaler seasonality: the next 20 trading days

Over the next 20 trading days from Nov 4, Zscaler averaged −0.7% across the last 5 years, rising in 2 of them.

Next 20 trading days, by year

−5.6%2021−0.2%2022+21.7%2023+7.4%2024−25.8%2025

Average move and hit rate

WindowAverageYears higher
Next 5 trading days+7.3%5 of 5
Next 10 trading days+7.6%4 of 5
Next 15 trading days+6.7%4 of 5
Next 20 trading days−0.7%2 of 5
Next 30 trading days−0.5%2 of 5

For scale, ZS’s typical 20-trading-day move in either direction is about 9.9%.

Zscaler market cap and key statistics

Zscaler’s market cap is $36.60B and revenue of $3.35B over the last twelve months.

Valuation

Market cap
$36.60B
Forward P/E
48.8
EPS, TTM
−$0.39
Gekko Fair Value
$179.84

Trading

Volume
1.54M
Avg volume, 20 days
2.62M
52-week high
$335.70
52-week low
$114.63
Shares outstanding
163.1M

Financials

Revenue, TTM
$3.35B
Profit margin
-1.9%
Return on equity
-2.9%
Quarterly earnings growth, YoY
0.0%

Risk and income

Beta
0.84
Typical daily move
±6.2%
Typical 20-day move
±9.9%

Zscaler stock news this week

Coverage of Zscaler this week reads neutral: 1 positive, 5 neutral and 2 negative headlines.

News sentiment neutral

Zscaler peers

Zscaler’s 6 largest industry peers by market value, with today’s move, GekkoIndex zone and gap to Gekko Fair Value.

StockTodayGekkoIndex zonevs Fair Value
MSFTMicrosoft+2.2%Neutral17.8% above
PLTRPalantir Technologies+4.1%Accumulation4.7% below
ORCLOracle+1.6%Accumulation29.7% below
PANWPalo Alto Networks+0.2%Accumulation7.4% above
CRWDCrowdStrike−0.7%Neutral8.1% above
CRMSalesforce−0.8%Accumulation9.3% below

A peer links to its own page where one exists.

In the Buying zone today

Reporting earnings this week

Popular on Gekko

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Zscaler stock FAQ

What is Zscaler’s market cap?

Zscaler’s market cap is $36.60B at the Nov 4, 2026 close of $224.44, with 163.1M shares outstanding.

What is the Zscaler stock forecast?

The consensus analyst 12-month price target for Zscaler is $235.19, +4.8% from the last close. Of the 36 firms that rated the stock in the last 90 days, 30 rate it a buy, 6 a hold and 0 a sell. Gekko doesn’t publish price predictions of its own.

Is Zscaler stock overvalued or undervalued?

On Gekko’s estimate Zscaler is overvalued: the Nov 4, 2026 close of $224.44 is 24.8% above Gekko Fair Value of $179.84. Gekko Fair Value is recalculated every trading day, and a gap inside 5% either way counts as about fair value.

When does Zscaler report earnings next?

Zscaler is expected to report on Nov 24, 2026, after the market closes (19 days away). Analysts expect earnings of $1.16 per share on revenue of $937.7M. Zscaler beat the earnings estimate in 8 of its last 8 reports, moving 8.4% on average across the report.

What is Zscaler’s 52-week high and low?

Zscaler’s 52-week high is $335.70 and its 52-week low is $114.63; it closed at $224.44 on Nov 4, 2026, −33.3% over the past year. Over the last five years the shares peaked at $376.11 on Nov 19, 2021.

Is Zscaler stock a buy right now?

Gekko describes the data; it does not make buy or sell recommendations. On the swing-trade checklist, 1 of the 6 items with data read as supportive (trend), 1 as mixed (gekkoindex) and 4 as headwinds (fair value, smart money, earnings risk and seasonality). The checklist is a description of current data, not a recommendation.

Is there unusual options activity in Zscaler?

Gekko flagged 3 unusual options signals in Zscaler over the last 30 days, with $1.11M of flagged premium in calls and $4.15M in puts. The latest, bearish flow, was on Oct 30, 2026 with $1.92M in unusual premium. The signal-by-signal table is in Gekko.

How this page works

During US trading hours the price at the top of the page is a delayed quote, refreshed every 15 minutes; everything else is rebuilt after each US market close. The GekkoIndex, Gekko Fair Value and the checklist are Gekko’s own, and the Gekko Brief is written by AI from this page’s data and checked against it before it is published. How Gekko’s data works →

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