ZscalerZS Market cap $25.9B
About: Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler's offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.
Employees: 7,348
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
30% more repeat investments, than reductions
Existing positions increased: 295 | Existing positions reduced: 227
2% less capital invested
Capital invested by funds: $13.7B [Q1] → $13.4B (-$308M) [Q2]
6% less call options, than puts
Call options by funds: $1.3B | Put options by funds: $1.39B
7% less first-time investments, than exits
New positions opened: 99 | Existing positions closed: 107
1% less funds holding
Funds holding: 714 [Q1] → 706 (-8) [Q2]
1.62% less ownership
Funds ownership: 47.86% [Q1] → 46.24% (-1.62%) [Q2]
38% less funds holding in top 10
Funds holding in top 10: 8 [Q1] → 5 (-3) [Q2]
Research analyst outlook
24 Wall Street Analysts provided 1 year price targets over the past 3 months
24 analyst ratings
Susquehanna Shyam Patil 71% 1-year accuracy 27 / 38 met price target | 24%upside $210 | Positive Maintained | 5 Sept 2024 |
Rosenblatt Catharine Trebnick 44% 1-year accuracy 20 / 45 met price target | 12%upside $190 | Neutral Maintained | 4 Sept 2024 |
JP Morgan Brian Essex 60% 1-year accuracy 15 / 25 met price target | 30%upside $220 | Overweight Maintained | 4 Sept 2024 |
B of A Securities Tal Liani 50% 1-year accuracy 6 / 12 met price target | 15%upside $195 | Neutral Downgraded | 4 Sept 2024 |
JMP Securities Trevor Walsh 61% 1-year accuracy 31 / 51 met price target | 59%upside $270 | Market Outperform Reiterated | 4 Sept 2024 |
Financial journalist opinion
Based on 44 articles about ZS published over the past 30 days