Zscaler
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 2025 Q2 regulatory disclosures by fund managers ($100M+ AUM)
222% more first-time investments, than exits
New positions opened: 209 | Existing positions closed: 65
55% more capital invested
Capital invested by funds: $16.6B [Q1] → $25.7B (+$9.08B) [Q2]
31% more repeat investments, than reductions
Existing positions increased: 319 | Existing positions reduced: 244
25% more funds holding in top 10
Funds holding in top 10: 8 [Q1] → 10 (+2) [Q2]
17% more funds holding
Funds holding: 750 [Q1] → 879 (+129) [Q2]
1.47% less ownership
Funds ownership: 54.07% [Q1] → 52.59% (-1.47%) [Q2]
11% less call options, than puts
Call options by funds: $1.51B | Put options by funds: $1.7B
Research analyst outlook
27 Wall Street Analysts provided 1 year price targets over the past 3 months
27 analyst ratings
Barclays Saket Kalia | 11%upside $300 | Overweight Maintained | 25 Aug 2025 |
JMP Securities Trevor Walsh | 32%upside $355 | Market Outperform Maintained | 1 Jul 2025 |
UBS Roger Boyd | 35%upside $365 | Buy Maintained | 27 Jun 2025 |
JP Morgan Brian Essex | 29%upside $348 | Overweight Maintained | 16 Jun 2025 |
Wells Fargo Andrew Nowinski | 43%upside $385 | Overweight Upgraded | 13 Jun 2025 |
Financial journalist opinion
Based on 15 articles about ZS published over the past 30 days
