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ZSZS

Zscaler, Inc.

$ZS·$24B·Software - Infrastructure·Technology
$188.85+2.5%YTD-28.0%1Y-34.3%
Mentions · last 7 days
2026-08-21: 20 posts2026-08-22: 9 posts2026-08-23: 16 posts171-3%
Price updated 3m ago·X counts updated 8d ago
ZSZS
$ZSZscaler, Inc.
$188.85+2.51%171 posts-3%
AI analysisFundamentalsVoices on X
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AI verdict & sentimentAI analysisGenerated by AI from underlying data

Top X posts

Today's AI verdict on what's driving $ZS, plus how loud the X conversation is and which way it's leaning.

AI analysis

TickerTalks’ read on the fundamentals and what’s driving the move.

Hinges on a big eventEvent coming upAI verdict · as of 2026-08-30

A known event soon (earnings, a ruling, etc.) will likely decide the next move.

Zscaler reports Wednesday — the cybersecurity laggard just reclaimed the 200-DMA into the print with CRWD-style rerate wind.

Zscaler is the largest pure-play zero-trust security platform — the way large enterprises route internet traffic through a cloud-based inspection layer rather than a legacy firewall stack. It's been a cybersecurity laggard, and it reports Wednesday.

The setup into the print:

  • Revenue re-accelerating: Q3 (Apr-end) revenue grew 25.4% year-on-year to $850M, cloud gross margins 77%, operating margin narrowing to -3.5% from -6.3% — the pattern for the fiscal-year finish.
  • The rerate just started: shares 18% above the 50-day but still at the 31st percentile of the 52-week range and 5% above the 200-day — the CRWD/SentinelOne sector move (BUG best sector) is reaching laggards.
  • Valuation is expensive but not stretched by cyber standards: 6.7x sales for 25%-growth is in line with group post-rally — multiple can hold if ARR reaccelerates, no cushion for a miss.
  • Technical setup is clean: cup-and-handle near $190 pre-earnings, topside $198-$200 with 50WMA resistance — options are pricing a real move.
  • Insider signal is minimal: one small officer sale (Rubin, $87K) — no distribution cluster.

Wednesday September 3 earnings decides the move: a beat with ARR reacceleration above 25% and a raised FY guide extends the CRWD-style rerate into year-end; a soft ARR print or an in-line guide unwinds the current bounce back to $160 support.

Agrees with X sentimentAgree — the setup anchors (200-DMA reclaim, cup-and-handle near $190, cybersecurity sector rotation reaching laggards, sympathy with CRWD/OKTA) map to real price action; the honest add is 6.7x sales gives no cushion for a miss into a print where the options market has priced a real move.

What to watch: Wednesday September 3 earnings — ARR reacceleration above 25% and a raised FY guide extends the rerate to $200+; a soft ARR print or in-line guide unwinds the current bounce back to $160 support.

On the calendar: 2026-09-03 — Q4 FY26 earnings

X sentiment

What the X crowd is saying right now — descriptive, summarised from the day’s posts.

Mixed sentiment14 posts analyzed · as of 2026-08-30

Sentiment is split on Zscaler ahead of earnings — chartists point to a cup-and-handle setup near $190 with $CRWD and $OKTA cybersecurity strength as a tailwind, while pointed skeptics say management "lied," CEO Jay Chaudhry holds too much control, and the platform "never re-accelerated" despite the AI wave. Both camps preview the print as a "polarizing" test, and grain-market posts about $ZS soybean futures also crowd the tape.

Read the AI verdict + X sentiment for $ZS

  • One-line verdict on what's driving the move — fundamentals, momentum, both, or an event
  • Next dated catalyst when there is one (earnings, deal closing, activist clock)
  • X crowd read with bullish/bearish call + post volume
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What it does

Plain-English summary of the business — what they sell and how they make money.

Provides cloud-native Zero Trust network security replacing traditional VPNs and firewalls for enterprise remote access.

Industry overviewAI analysisGenerated by AI from underlying data

Where Software - Infrastructure sits in its cycle right now — and what that implies for $ZS.

Software - Infrastructure · Technology

SaaS multiples remain compressed as rate-sensitive valuations weigh on pure-play software; customers are lengthening deal cycles outside of AI-native workloads. AI co-pilot upsell is the only clear near-term catalyst — companies without it are treading water.

What this means for $ZS

Partial — cloud infrastructure exposure benefits indirectly from hyperscaler capex; core business is Globally recognized, Zscaler, Inc.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
-4.2%YTD
+0.4%1Y

Fundamentals & catalyst

Profitability, valuation, and the next earnings event — at a glance, with rule-of-thumb signals.

Key ratios

P/E
-271.6How much investors are paying per dollar of profit the company actually earned in the last 12 months. Lower means the stock looks cheaper relative to earnings.~15–25 is typical for the S&P 500; high-growth names trade 30+; hyper-growth or speculative can be 100+ or negative.
ROIC
-3.2%What percentage return the business earns on every dollar of capital (equity + debt) deployed in operations. The cleanest measure of business quality.Above ~15% is high-quality; consistently above 25% suggests a real moat. Below the company's cost of capital is value-destroying.
Op margin
-4.7%Operating profit (after sales, marketing, R&D, and overhead but before interest and taxes) as a percentage of revenue. The clearest view of how well the underlying business is run.Mature business above 20% is healthy; software businesses can run 30%+; commodity / retail businesses operate in single digits.
FCF yield
4.8%Free cash flow (operating cash flow minus capex) divided by the company's market cap. The cash-on-cash return you'd get owning the whole business at today's price.Above ~5% is attractive; below ~2% means you're paying up for growth. Capital-light businesses (software) run higher than capital-heavy ones (utilities).
P/S
6.7Same idea as P/E but per dollar of revenue. Useful for companies that aren't profitable yet, where P/E is meaningless.Under ~2 is cheap; software / SaaS often runs 8–15; well above 20 implies the market is pricing in very high future growth.
ROE
-3.7%Net income as a percentage of shareholders' equity. Similar to ROIC but counts only the equity side.Above 20% is strong, but can be inflated by leverage — a heavily indebted company can show high ROE with weak underlying ROIC.
Gross margin
76.7%Revenue minus the direct cost of producing what was sold, as a percentage of revenue. The first read on whether the product is structurally profitable.Software / SaaS is typically 70%+; consumer goods 30–50%; commodity / hardware businesses can be under 20%.
D/E
0.8Total debt divided by shareholders' equity. Measures how much the business runs on borrowed money versus owner capital.Under 1 is conservative; 1–2 is typical for mature businesses; over 2 is leveraged and more sensitive to interest rates.

Past earnings

QuarterReportedActualEstimateSurprise
Q1 2026May 26, 2026$1.08$1.01+6.9%
Q4 2025Feb 26, 2026$1.01$0.89+13.0%
Q3 2025Nov 25, 2025$0.96$0.86+12.1%
Q2 2025Sep 2, 2025$0.89$0.80+11.2%
Next earningsThu, Sep 3·consensus EPS $1.09

Quarterly trend

QuarterRevenueYoYGrossOpEPSFCF
Q3 FY26$850.5M+25.4%77.3%-3.5%$-0.09$198.0M
Q2 FY26$815.8M+25.9%76.6%-6.3%$-0.21$239.1M
Q1 FY26$788.1M+25.5%76.6%-4.6%$-0.07$413.3M
Q4 FY25$719.2M+21.3%76.1%-4.5%$-0.11$171.9M

Forward consensus

5-year forecast · up to 35 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$3.3B$3.3B – $3.4B$4.12$3.98 – $4.4434
FY27$3.9B$3.9B – $4.1B$4.58$3.97 – $5.2335
FY28$4.5B$4.4B – $4.7B$5.38-$32.35 – $48.0431
FY29$5.3B$5.2B – $5.4B$5.91$5.84 – $6.1322
FY30$6.2B$6.2B – $6.4B$6.84$6.76 – $7.0915

Setup & momentum

Volume, range, and moving-average position — the technical setup driving short-term moves.

Right now

Vol vs 30dToday's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.0.9×Today's traded share volume divided by the average over the prior 30 trading days. ≥3× signals unusual interest; below 1× is quiet.
52w rangeWhere the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.31%Where the latest close sits between the 52-week low (0%) and high (100%). Above 80% is extended; below 30% is basing or in a downtrend.
vs 50d MALatest close vs the 50-day simple moving average. Positive = short-term trend is up.+18.3%Latest close vs the 50-day simple moving average. Positive = short-term trend is up.
vs 200d MALatest close vs the 200-day simple moving average. Positive = long-term trend is up.+4.8%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 104.8M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today1.8% of floatToday's volume as a percent of the free float. Above 5% on a single day is unusually high turnover for the available share count.β0.925-year weekly beta vs the S&P 500. Above 1.5 means the stock typically moves more than the index; below 0.8 moves less.

Insider activity

Recent open-market buys and sells by officers and directors — flagged when multiple insiders cluster.

Recent transactions

SellAug 25Kevin RubinCFO503 sh$87KSellJul 27Kevin RubinCFO503 sh$74KSellJul 6Robert SchlossmanChief Legal Officer122 sh$18KSellJun 25Kevin RubinCFO3.0K sh$373KSellJun 22Adam GellerChief Product Officer2.8K sh$345KSellJun 17James A BeerDirector177 sh$22KSellJun 16Robert SchlossmanChief Legal Officer3.1K sh$398KSellJun 16Kevin RubinCFO1.7K sh$213KSellJun 16Chaudhry Jagtar SinghCEO2.9K sh$364KSellJun 16Adam GellerChief Product Officer1.9K sh$245K
1–10 of 19

See when $ZS insiders are putting their own money in

  • Real-time open-market buys and sells from Form 4 filings
  • Cluster-buy detection when multiple insiders pile in at once
  • 30 / 60 / 180-day windows so you can spot building conviction
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SEC filings

Material 8-K, 13D, S-3, and 424B5 events from the last 180 days — the filings that actually move the price.

Recent material filings

8-KOfficer or director changeApr 168-K — Item 5.02: Officer or director change
AI summary

ZS disclosed a personnel change (8-K Item 5.02, dated 2026-04-16). An executive departure and a new appointment are both reported. Raj Judge, the EVP. Personnel changes are generally administrative; materiality depends on seniority and circumstances.

+ 4 other (2 13Gs · 1 10-Q · 1 earnings 8-K) in window

Recent news

Latest headlines from major outlets, sourced and timestamped — context for whatever just moved.

Algert Global LLC Has $5.95 Million Position in Zscaler, Inc. $ZSdefenseworld.net·3d agoZscaler and SentinelOne Spike 10% as Cybersecurity Re-Rating Reaches the Laggards247wallst.com·4d agoThe Week Ahead: August Jobs Report Takes Center Stageschaeffersresearch.com·4d agoBank of New York Mellon Corp Takes $66.41 Million Position in Zscaler, Inc. $ZSdefenseworld.net·4d agoZscaler (ZS) Ascends While Market Falls: Some Facts to Notezacks.com·5d ago

In themes

Explore the broader themes this ticker is being talked about under.

AI InfrastructureCybersecurity

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TickerTalks is a research tool, not financial advice. We surface social-attention data; we do not make stock recommendations. Past attention is not predictive of future price movements.

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