Zscaler, Inc. (ZS)

In the past six months, Zscaler's stock price has fluctuated due to earnings reports and market sentiment. In Q3 CY2025, Zscaler reported better-than-expected revenue and non-GAAP profit, but the stock fell due to a miss on billings. In Q1 FY2026, Zscaler exceeded guidance with strong revenue and adjusted earnings per share, but shares fell due to a smaller-than-expected increase in the revenue outlook. Over the past year, Zscaler Inc. has shown a 20.24% increase in its stock price.

Demand for Zscaler's products and services does not exhibit strong seasonality but rather a consistent and growing trend. Key factors indicating sustained demand include robust revenue growth, increasing enterprise spending, adoption of zero trust frameworks, AI integration, and multi-year deals.

Zscaler, Inc. is a cloud security company providing a cloud-based security platform, the Zero Trust Exchange, that secures enterprises by connecting users, devices, and applications without traditional network-based security hardware. The company offers a suite of products and services including Zscaler for Users, Zscaler for Workloads, Zscaler for IoT/OT, Data Security Products, Security Operations Products, Zscaler Digital Experience (ZDX), and Zero Trust Gateway. Zscaler serves diverse industries such as financial services, healthcare, and technology.

Zscaler operates a globally distributed cloud network, the Zero Trust Exchange, with over 160 data centers across 185 countries. It has a business presence in countries such as the US, Israel, India, the UK, Switzerland, and Spain. The Americas account for 54% of its geographic revenue, EMEA for 30%, and APJ for 16%.

Zscaler has a strong brand reputation as a pioneer in zero trust network security. Its reputation has been bolstered by strong demand for cloud and AI security, product innovation and acquisitions, expansion of the Zero Trust Everywhere initiative, and the introduction of the ZFlex program.

Zscaler's ownership structure includes institutional, retail, and individual investors, with institutional investors holding over 50% of the shares. Major institutional owners include Vanguard Group Inc and BlackRock, Inc. Jagtar Chaudhry, the Co-Founder, CEO, and Chairman of the Board, is a major individual shareholder, holding 17-18% of shares outstanding.