Stocktoria

Zscaler, Inc. ZS

Nasdaq · stock · Services-Computer Programming Services · website · IPO 2018-03-16 · LEI

Zscaler, Inc. (ZS) earns a Piotroski F-score of 4/9 (mixed financial health), with an Altman Z″ in the grey zone. It does not currently pay a dividend. FY2025 revenue was $3.4B at a -1.9% net margin.

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44/100
Stocktoria Quality Score · grade C
4/9
Piotroski F — financial health
2.19
Altman Z″ — distress risk · grey
—
Dividend yield · no dividend
-2.72
Beneish M-score — earnings quality · low

Quality score trend · recomputed for each fiscal year

Piotroski F /9
6 5 3 4 5 5 6 4 3 201820192020202120222023202420252026
Altman Z″
2.26 2.03 3.50 2.11 0.95 1.30 -0.18 2.19 1.61 201820192020202120222023202420252026

Each year's score is computed from that year's filing — a rising Piotroski F or Altman Z″ means improving financial health, a fall is worth a look.

$193.05 as of 2026-09-01 · -35.6% 1y
$130.68$331.1452-wk

Beneish M-score: -2.72 — low (below −2.22 — no manipulation red flag) . A statistical screen for earnings manipulation, not proof — and it doesn't apply to most banks/insurers.

Market cap USD$20.6B
Net margin 5y avg-10.9%
Return on equity 5y avg-21%
Beta0.95
Employees8,700

Analyst price target

$209.68 +8.6% vs last
consensus: buy · 44 analysts
target range $155.00 – $298.00 · median $212.00
7 strong buy · 29 buy · 10 hold
Recent analyst actions
DateFirmRating
2026-09-25RBC CapitalOutperform (main)
2026-09-25MizuhoOutperform (main)
2026-09-17BernsteinOutperform (main)
2026-09-08CitigroupBuy (main)
2026-09-04MacquarieOutperform (main)
2026-09-04Piper SandlerNeutral (main)

Wall Street analyst consensus — a sentiment gauge, not our scoring.

Forward estimates · earnings calendar →

Forward EPS est.$5.60
Forward P / E34.5×

Consensus analyst estimates and scheduled dates — forward-looking, may change.

Revenue trend · last 10y · up

How it ranks in Services · percentile among 1013 companies

Piotroski Fstronger than 35%
Net marginstronger than 48%
Return on equitystronger than 44%
Revenue growthstronger than 85%

Percentile vs other Services companies we cover — e.g. “stronger than 90%” means only 10% score higher on that measure.

Piotroski F breakdown · 4/9 tests passed

Altman Z″ components · grey zone

ComponentValue
Working capital / assets0.384
Retained earnings / assets-0.185
EBIT / assets-0.02
Equity / liabilities0.389

Sector peers · similar-size Services companies compare side by side →

TickerCompanyPiotroski FAltman Z″P / ERevenue growth
ZSZscaler, Inc.4/92.19—+25.4%
DOXAMDOCS LTD5/95.7311.3+2.4%
VRSNVERISIGN INC/CA4/9——+6.4%
EPAMEPAM Systems, Inc.6/9—11.2+15.4%
RDNWRideNow Group, Inc.6/9-3.1—-10.5%
FORTYFORMULA SYSTEMS (1985) LTD6/93.2961.6+17.9%
DOCSDoximity, Inc.5/911.5219.5+13.1%

All Services companies →

About Zscaler, Inc.

Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zero Trust SASE, a solution that securely connects workforces, AI agents, workloads, and IoT/OT devices to cloud apps and AI services; Zscaler Internet Access, which provides advanced threat protection, sandbox, and zero trust firewall; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, and reduced attack surface; Zero Trust Browser, a solution that secures browser-based access to business applications for the extended workforce, including third parties and partners; Zscaler Digital Experience, a solution that monitors end-user experience and helps organizations identify and resolve performance issues across their digital environment; Zero Trust Branch; and Zero Trust Cloud solutions. It also provides Security for AI solution to secure AI adoption across the full AI ecosystem; data security services, including AI-powered data classification and contextual insights, data loss prevention, Saas security, and data security posture management solution. In addition, the company offers Agentic Security Operations solution that enables enterprises to reduce cyber risk by using AI-powered automation; exposure management platform; deception; managed detection and response; agentic security operations center; and threat hunting solutions. It serves automotive, airlines and transportation, conglomerates, consumer goods and retail, energy, financial services, healthcare, insurance, manufacturing, media and communications, public sector and education, technology, and telecommunications services industries. The company was formerly known as SafeChannel, Inc. and changed its name to Zscaler, Inc. in August 2008. Zscaler, Inc. was incorporated in 2007 and is headquartered in San Jose, California.

FAQ

Is ZS financially healthy?

Zscaler, Inc.'s Piotroski F-score is 4/9 (8–9 is excellent, 0–3 weak), and its Altman Z″ distress score is in the grey zone.

Does ZS pay a dividend?

No, Zscaler, Inc. does not currently pay a dividend.

How profitable is ZS?

In FY2025, Zscaler, Inc. had a net margin of -1.9% and a return on equity of -2.4%.

What is the analyst price target for ZS?

The average Wall-Street price target for Zscaler, Inc. is $209.68, about 8.6% above the recent price, from 44 analysts (consensus: buy).

Is ZS a good stock to buy?

Stocktoria doesn't give buy or sell advice, but here is the data on Zscaler, Inc.: a Piotroski F-score of 4/9, an Altman Z″ in the grey zone. Weigh these quality and valuation signals against your own goals.

Computed from company filings · US · as of 2025-07-31. Facts plus Stocktoria's own computed scores — not investment advice.