Zscaler (ZS)

• Market cap: $45.7B
• 1 day: 3.25%
• 5 days: 0.57%
• 1 month: 4.15%
• 3 months: -5.53%
• 6 months: 43.13%
• Year to date: 58.83%
• 1 year: 71.21%
• 5 years: 123.49%
• 10 years: 774.33%
• Sector: Technology
• Industry: Software - Infrastructure

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: 7,923

Fund manager confidence

Based on 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)

221% more first-time investments, than exits

New positions opened: 212 | Existing positions closed: 66

57% more capital invested

Capital invested by funds: $16.6B [Q1] → $26B (+$9.4B) [Q2]

31% more repeat investments, than reductions

Existing positions increased: 323 | Existing positions reduced: 246

25% more funds holding in top 10

Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]

19% more funds holding

Funds holding: 751 [Q1] → 890 (+139) [Q2]

0.83% less ownership

Funds ownership: 54.07% [Q1] → 53.24% (-0.83%) [Q2]

3% less call options, than puts

Call options by funds: $1.99B | Put options by funds: $2.05B

Research analyst outlook

20 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $275
• Avg. target: $331
• High target: $355

20 analyst ratings

• positive: 18 90%
• neutral: 2 10%
• negative: 0 0%

Canaccord Genuity Kingsley Crane	$340	Buy Maintained	4 Sep 2025
JP Morgan Brian Essex	$351	Overweight Maintained	3 Sep 2025
Wedbush Daniel Ives	$330	Outperform Reiterated	3 Sep 2025
Barclays Saket Kalia	$320	Overweight Maintained	3 Sep 2025
RBC Capital Matthew Hedberg	$335	Outperform Maintained	3 Sep 2025