Zscaler has garnered coverage from forty-three brokerages, resulting in an average recommendation of Moderate Buy. Within this cohort, thirty-three analysts have issued Buy ratings, eight have maintained Hold positions, one has recommended Sell, and one has provided a Strong Buy opinion. This consensus reflects broad confidence in Zscaler’s growth prospects as firms assess its cloud security platform in the context of increasing enterprise demand for zero-trust architectures.

In its latest quarter, Zscaler reported revenue of $788.1 million, exceeding consensus estimates by approximately $14.2 million and marking a 25.5% year-over-year increase. Adjusted EPS came in at $0.96, topping expectations by $0.11 and up from $0.77 in the same period last year. For fiscal 2026, management has set EPS guidance between $3.78 and $3.82, with second-quarter EPS expected in a range of $0.89 to $0.90, suggesting continued margin expansion as subscription revenue scales.

Recent SEC filings show that EVP Raj Judge sold 3,438 shares and EVP Adam Geller sold 2,060 shares, representing 4.66% and 3.80% reductions in their respective holdings. Over the past 90 days, insiders have collectively sold 22,550 shares, generating proceeds of approximately $5.5 million. Despite these sales, corporate insiders retain a 17.20% ownership stake, signaling ongoing alignment with long-term value creation.

Institutional investors hold 46.45% of Zscaler’s outstanding shares. In the third quarter, Bessemer Group increased its stake by 3.2% to 1,021 shares, Cox Capital Management elevated its position by 0.6% to 5,576 shares, and Brookstone Capital Management added 3.7% more to reach 936 shares. Wedbush Securities expanded its holdings by 0.7% to 5,129 shares, while Goldstream Capital Management raised its position by 0.3% to 12,450 shares. These incremental increases underscore steady institutional conviction in Zscaler’s market opportunity.