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ZSZS

Zscaler, Inc.

$ZS·$32B·Software - Infrastructure·Technology
$207.38-5.9%YTD-5.4%1Y-30.7%
Price updated 7h ago·X counts updated 5d ago
ZSZS
$ZSZscaler, Inc.
$207.38-5.92%694 posts1×
AI analysisFundamentalsVoices on X
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On X

Top X posts

The complete picture of $ZS on X — how loud the conversation is right now, how it has trended over the last two weeks, and which way the crowd is leaning.

694X posts · last 7 days
Sep 29Oct 11
Chatter Meter
1×
QuietNormal · 1×Loud

How loud $ZS's conversation on X is versus its own normal — 1× is typical, higher means busier. Right now it's about its usual level.

Bullish sentimentAI analysisGenerated by AI from underlying data7 posts analyzed · as of 2026-09-12

Zscaler is bullish — FY26 10-K filed showing revenue $3.35B (+25% YoY from $2.67B). Bulls note the cloud-proxy 'user-session-forced-through' architecture is defensible on the AI-security enforcement side. Expanded Carahsoft partnership targets SMB Zero-Trust adoption. Buy-zone at $159-160; higher-low + $190 resistance retest is the near-term catalyst.

Read what X is saying about $ZS

  • Bullish vs bearish call — with the AI summary of the day's posts
  • Divergence flag when the top-engagement posts argue the other side
  • How loud the conversation is versus this ticker's own normal
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AI verdictAI analysisGenerated by AI from underlying data

TickerTalks' own read on what's driving $ZS — fundamentals, momentum, or an event — and whether it agrees with the X crowd.

Proven numbersCooling offAI verdict · as of 2026-10-03

Catching its breath after a run — could pick back up or fade from here.

Growth is still 25% at Zscaler but the stock is cooling under heavy insider selling and a securities-fraud probe.

Zscaler is a pure-play cloud-security vendor built around zero-trust internet and private access — Zero Trust Exchange as the moat. The stock is down 36% TTM despite growth staying above 25%, now in a cooling phase under multiple negative overhangs.

  • Growth is still 25%+: fiscal Q4 revenue of $850M at +25% YoY on 77% gross margins and non-GAAP operating leverage improving — the SaaS mechanics are intact, with consensus revenue at $3.33B for FY26 and $3.92B for FY27.
  • Insider selling is now a cluster: officers Rubin ($1.15M+$102K), Schlossman ($1.08M), and Geller ($880K+$132K) all sold in September — multi-million-dollar C-suite distribution with no offsetting buys.
  • Two overhangs stacked: a securities-fraud class action under Pomerantz investigation plus the CRO transition (Mike Rich stepping down, Ross Tackett taking over Oct 1) and a 3% headcount reduction — operational optics are not clean right now.

Nov 24 fiscal Q1 2027 earnings with net-new ARR growth back above 25% and the new CRO narrative taking hold restarts the move; another ARR miss plus the lawsuit progressing and the stock stays range-bound in the $180s.

Agrees with X sentimentX is bullish on the 25% YoY revenue growth and the defensible cloud-proxy architecture — the mechanics (seven straight EPS beats, non-GAAP profitability) back it. The crowd under-weights the insider cluster plus the securities-fraud investigation, both of which are the active negative catalysts.

What to watch: Nov 24 fiscal Q1 2027 earnings — net-new ARR above $400M, billings growth above 22%, and operating margin trending positive. New CRO Ross Tackett's commentary on 2027 pipeline is the real tell; a weak net-new ARR print extends the cooling.

On the calendar: 2026-11-24 — fiscal Q1 2027 earnings

Read the AI verdict on $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)
  • Whether TickerTalks' read agrees with or diverges from the X crowd
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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

No material change from last week — AI infrastructure capex bifurcates the cohort — GPU-cloud providers and AI-native security platforms absorbing enterprise spend, while legacy SaaS faces multiple compression. GPU-cloud platforms and AI-native security tools absorb enterprise spend while legacy SaaS faces multiple compression.

What this means for $ZS

Partial — Provides cloud-native Zero Trust network security replacing traditional VPNs and firewalls for enterprise remote access.; AI infrastructure capex bifurcates the cohort; exposure depends on workload alignment with GPU-cloud and AI-native security architectures.

Top industry ETF

$IGViShares Expanded Tech-Software Sector ETF
+4.2%YTD
-7.5%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
Q2 2026Sep 3, 2026$1.19$1.09+9.2%
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%
Next earningsTue, Nov 24·consensus EPS $1.16

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

6-year forecast · up to 34 analysts
FYRevenueRangeEPSRangeAnalysts
FY26$3.3B$3.3B – $3.4B$4.12$3.98 – $4.4434
FY27$3.9B$3.9B – $4.0B$4.85$4.26 – $5.1530
FY28$4.6B$4.5B – $4.6B$5.60$4.97 – $6.0328
FY29$5.3B$5.1B – $5.4B$6.51$2.54 – $11.8514
FY30$6.1B$6.0B – $6.3B$7.09$6.93 – $7.377
FY31$7.1B$7.0B – $7.3B$10.45$10.22 – $10.876

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.0.8×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.42%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.+8.0%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.+25.1%Latest close vs the 200-day simple moving average. Positive = long-term trend is up.

Float & profile

FloatMid float · 106.2M shFree-float shares — the slice of issued stock actually available to trade. Lower buckets squeeze harder on a catalyst.Traded today2.6% 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.β0.945-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

SellOct 12Adam GellerChief Product Officer1.0K sh$246KSellOct 9Adam GellerChief Product Officer24.0K sh$5.4MSellSep 25Kevin RubinCFO519 sh$102KSellSep 21Adam GellerChief Product Officer661 sh$132KSellSep 21Robert SchlossmanChief Legal Officer5.4K sh$1.1MSellSep 17Adam GellerChief Product Officer4.6K sh$880KSellSep 17James A BeerDirector177 sh$34KSellSep 16Chaudhry Jagtar SinghCEO2.9K sh$550KSellSep 16Kevin RubinCFO6.0K sh$1.1MSellSep 16Adam GellerChief Product Officer5.6K sh$1.1M
1–10 of 23
+ 4 other (2 exempts · 2 awards) in window

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-KPress release / Reg FDOct 68-K — Item 7.01: Press release / Reg FD
8-KOfficer or director changeSep 248-K — Item 5.02: Officer or director change
AI summary

Zscaler, Inc. (ZS) promoted Ross Tackett to Chief Revenue Officer effective October 1, 2026, succeeding Mike Rich who steps down as an officer on the same date but remains as a strategic advisor through December 31, 2026. Rich will receive severance benefits under ZS's Change of Control and Severance Policy filed December 2024. This is a planned internal CRO succession with no implied strategic direction change.

8-KRestructuring / exit costsSep 38-K — Item 2.02: Earnings release · Item 2.05: Restructuring / exit costs
AI summary

Zscaler, Inc. reported fiscal Q4 2026 and full-year results (ended July 31, 2026) and simultaneously disclosed a restructuring plan to reduce global headcount by approximately 3%, reallocating resources to AI and growth initiatives. The company expects $30-33 million in non-recurring charges (primarily employee severance and benefits), recognized mostly in H1 FY2027. This dual earnings/restructuring announcement is material: the restructuring signals strategic resource reallocation toward AI while the headcount reduction may raise execution concerns; the combined announcement is transformative rather than routine.

+ 5 other (1 S-8 · 1 10-K · 1 13G · 1 10-Q) in window

Recent news

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

Cybersecurity Stocks Slide as AI Financing Jitters Spread: Palo Alto Falls 7%, SentinelOne Sinks 9%, Zscaler Drops 6%247wallst.com·15h agoINVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Zscaler, Inc. - ZSprnewswire.com·2d agoZscaler, Inc. $ZS Stock: Krilogy Financial LLC Grows Stakedefenseworld.net·2d agoIs Zscaler an Undervalued Cybersecurity Stock to Buy Right Now in October?fool.com·2d agoZscaler (ZS) Falls More Steeply Than Broader Market: What Investors Need to Knowzacks.com·2d ago

In themes

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

AI InfrastructureCybersecurity

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Voices on X · top 1 · last 7 days

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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