Zscaler has received a consensus recommendation of “Moderate Buy” from 43 brokerages, with 33 buy ratings, eight holds, one sell and one strong buy. The average 12-month price target across these firms stands at $322.66. Notable revisions include Robert W. Baird raising its target from $350 to $360 and reiterating an outperform rating; BTIG Research confirming its buy recommendation with a $365 target; Citizens JMP setting its market outperform target at $355; Berenberg Bank trimming its target from $400 to $390 while maintaining a buy rating; and Royal Bank of Canada upping its objective from $350 to $366 and retaining an outperform stance.

In the most recent quarter, Zscaler reported adjusted earnings per share of $0.96, outperforming the analyst consensus of $0.85 by $0.11. Revenue for the period reached $788.11 million, a 25.5% increase year-over-year and above the forecasted $773.86 million. The company posted a negative net margin of 1.45% and a return on equity of –0.12%. For fiscal 2026, Zscaler has issued EPS guidance of 3.780 to 3.820, and second-quarter EPS guidance of 0.890 to 0.900. Analysts project a slight negative full-year EPS for the current fiscal year.

Corporate insiders have sold 22,550 shares over the past 90 days, representing proceeds of approximately $5.51 million. On December 16, EVP Raj Judge divested 3,438 shares for roughly $793,559, reducing his position by 4.66% to 70,394 shares. On the same date, insider Adam Geller sold 2,060 shares for approximately $475,489, a 3.80% reduction to 52,148 shares. Insiders collectively own 17.20% of the company. Institutional investors hold 46.45% of the outstanding equity, with recent quarter purchases including Bessemer Group (up 3.2% to 1,021 shares), Cox Capital (up 0.6% to 5,576 shares), Brookstone Capital (up 3.7% to 936 shares), Wedbush Securities (up 0.7% to 5,129 shares) and Goldstream Capital (up 0.3% to 12,450 shares).