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Zscaler $ZS

Technology

Russell 1000 California

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$214.51

+1.98 (+0.93%)

As of Oct 20, 2026, 4:10 PM EDT · cached

Price history

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Today's analyst average Analyst average over timeIndividual analyst targets Analyst history starts Sep 23, 2026, the first target we tracked for ZS.

Zscaler (ZS) is trading up at $214.51 (+0.93%), as of the latest quote. It is a Russell 1000 constituent in the Technology sector.

IPO: March 16, 2018 · $16.00 offering · NASDAQ · View IPO details →

Analyst price targets on ZS

Current price targets from 4 firms average $262, median $258, ranging from $235 to $298 — the average is 22% above the current $215. Each is tracked to its date and scored the same way a member's call is.

Citizens JMP $234 → $265 by Oct 2027 Market Outperform Oct 9, 2026 via Investing.com · Citizens JMP's track record
Truist Securities $214 → $250 by Oct 2027 Buy Oct 7, 2026 via Investing.com · Truist Securities's track record
Stifel $212 → $235 by Oct 2027 Buy Oct 6, 2026 via Investing.com · Stifel's track record
Bernstein $214 → $298 by Sep 2027 Outperform Sep 23, 2026 via Yahoo Finance · Bernstein's track record

Targets published by research firms, extracted from the news, checked against independent reporting, and linked to their source. Where a firm did not state a horizon the target is tracked as 12 months, the industry convention; the rows where the firm set its own horizon are marked. Reported here as facts about what was published — not recommendations from Dalsna Finance, and no firm listed is affiliated with this site.

Zscaler revenue & net income history (FY2017–FY2026)

RevenueNet incomeNet margin (right axis, %)

Zscaler annual financial statements
	FY2017Jul 2017	FY2018Jul 2018	FY2019Jul 2019	FY2020Jul 2020	FY2021Jul 2021	FY2022Jul 2022	FY2023Jul 2023	FY2024Jul 2024	FY2025Jul 2025	FY2026Jul 2026
Income statement
Revenue	$125.7M	$190.2M	$302.8M	$431.3M	$673.1M	$1.09B	$1.62B	$2.17B	$2.67B	$3.35B
Growth (year over year)	+56.5%	+51.3%	+59.2%	+42.4%	+56.1%	+62.1%	+48.2%	+34.1%	+23.3%	+25.4%
Gross profit	$98.2M	$152.3M	$243.2M	$335.5M	$522.8M	$848.7M	$1.25B	$1.69B	$2.05B	$2.57B
Gross margin	78.1%	80.1%	80.3%	77.8%	77.7%	77.8%	77.6%	78.0%	76.9%	76.8%
Operating income	−$35.1M	−$34.6M	−$35.3M	−$114.0M	−$207.8M	−$327.4M	−$234.6M	−$121.5M	−$128.5M	−$133.3M
Operating margin	−27.9%	−18.2%	−11.7%	−26.4%	−30.9%	−30.0%	−14.5%	−5.6%	−4.8%	−4.0%
Net income	−$35.5M	−$33.6M	−$28.7M	−$115.1M	−$262.0M	−$390.3M	−$202.3M	−$57.7M	−$41.5M	−$63.2M
Net margin	−28.2%	−17.7%	−9.5%	−26.7%	−38.9%	−35.8%	−12.5%	−2.7%	−1.6%	−1.9%
EPS (diluted)	−$1.54	−$0.63	−$0.23	−$0.89	−$1.93	−$2.77	−$1.40	−$0.39	−$0.27	−$0.39
Balance sheet
Cash and equivalents	$88.0M	$135.6M	$78.5M	$141.9M	$275.9M	$1.01B	$1.26B	$1.42B	$2.39B	$928.4M
Total assets	$182.9M	$447.8M	$604.2M	$1.83B	$2.26B	$2.83B	$3.61B	$4.70B	$6.42B	$7.87B
Total liabilities	$133.1M	$207.5M	$295.6M	$1.35B	$1.73B	$2.26B	$2.88B	$3.43B	$4.62B	$5.27B
Long-term debt	—	—	—	$861.6M	$913.5M	$968.7M	$1.13B	$1.14B	—	—
Shareholders' equity	−$151.1M	$240.2M	$308.6M	$484.8M	$528.9M	$573.3M	$725.1M	$1.27B	$1.80B	$2.60B
Cash flow
Operating cash flow	−$6.02M	$17.3M	$58.0M	$79.3M	$202.0M	$321.9M	$462.3M	$779.8M	$972.5M	$1.13B
Capital expenditure	$7.78M	$13.4M	$25.5M	$43.1M	$48.2M	$69.3M	$97.2M	$144.6M	$164.3M	$277.3M
Free cash flow	−$13.8M	$3.91M	$32.5M	$36.2M	$153.9M	$252.6M	$365.1M	$635.3M	$808.2M	$852.4M
Share buybacks	$0	$3.81M	$22.0K	$0	$0	—	—	—	—	—

RevenueNet incomeNet margin (right axis, %)

Zscaler quarterly financial statements
	Q1 FY25Oct 2024	Q2 FY25Jan 2025	Q3 FY25Apr 2025	Q4 FY25^†Jul 2025	Q1 FY26Oct 2025	Q2 FY26Jan 2026	Q3 FY26Apr 2026	Q4 FY26^†Jul 2026
Income statement
Revenue	$628.0M	$647.9M	$678.0M	$719.2M	$788.1M	$815.8M	$850.5M	$898.2M
Growth (year over year)	+26.4%	+23.4%	+22.6%	+21.3%	+25.5%	+25.9%	+25.4%	+24.9%
Gross profit	$486.5M	$499.4M	$522.1M	$547.0M	$603.4M	$624.5M	$657.8M	$689.2M
Gross margin	77.5%	77.1%	77.0%	76.1%	76.6%	76.6%	77.3%	76.7%
Operating income	−$30.7M	−$40.1M	−$25.4M	−$32.2M	−$36.4M	−$51.8M	−$29.6M	−$15.5M
Operating margin	−4.9%	−6.2%	−3.7%	−4.5%	−4.6%	−6.3%	−3.5%	−1.7%
Net income	−$12.1M	−$7.72M	−$4.13M	−$17.6M	−$11.6M	−$34.3M	−$13.9M	−$3.37M
Net margin	−1.9%	−1.2%	−0.6%	−2.4%	−1.5%	−4.2%	−1.6%	−0.4%
EPS (diluted)	−$0.08	−$0.05	−$0.03	−$0.11	−$0.07	−$0.21	−$0.09	−$0.02
Balance sheet
Cash and equivalents	$1.55B	$1.76B	$1.99B	$2.39B	$1.34B	$1.20B	$982.1M	$928.4M
Total assets	$4.71B	$5.01B	$5.34B	$6.42B	$6.50B	$6.75B	$7.10B	$7.87B
Total liabilities	$3.28B	$3.40B	$3.53B	$4.62B	$4.52B	$4.56B	$4.73B	$5.27B
Long-term debt	$1.15B	$1.15B	$1.15B	—	—	—	—	—
Shareholders' equity	$1.43B	$1.61B	$1.80B	$1.80B	$1.98B	$2.20B	$2.37B	$2.60B
Cash flow
Operating cash flow	$331.3M	$179.4M	$211.1M	$250.6M	$448.3M	$204.1M	$198.0M	$279.3M
Capital expenditure	$17.0M	$15.0M	$72.2M	$60.0M	$17.3M	$17.8M	$42.4M	$199.8M
Free cash flow	$314.3M	$164.4M	$138.9M	$190.6M	$431.0M	$186.3M	$155.6M	$79.4M

From Zscaler's 10-K and 10-Q filings with the SEC; its fiscal year ends in July. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Zscaler

Zscaler, Inc. is an American cloud security company based in San Jose, California. The company offers cloud-based services to protect enterprise networks and data.

Source: Wikipedia — Zscaler