Zscaler, Inc. ZS
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 $2.7B at a -1.6% net margin.
Quality score trend · recomputed for each fiscal year
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.
Analyst price target
Recent analyst actions
| Date | Firm | Rating |
|---|---|---|
| 2026-07-16 | Keybanc | Overweight (main) |
| 2026-06-25 | Keybanc | Overweight (main) |
| 2026-06-12 | Stephens & Co. | Overweight (reit) |
| 2026-06-11 | Canaccord Genuity | Buy (main) |
| 2026-06-10 | Macquarie | Outperform (main) |
| 2026-06-10 | RBC Capital | Outperform (reit) |
Wall Street analyst consensus — a sentiment gauge, not our scoring.
Forward estimates · earnings calendar →
Consensus analyst estimates and scheduled dates — forward-looking, may change.
How it ranks in Services · percentile among 982 companies
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
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″ components · grey zone
| Component | Value |
|---|---|
| Working capital / assets | 0.384 |
| Retained earnings / assets | -0.185 |
| EBIT / assets | -0.02 |
| Equity / liabilities | 0.389 |
Sector peers · similar-size Services companies compare side by side →
| Ticker | Company | Piotroski F | Altman Z″ | P / E | Revenue growth |
|---|---|---|---|---|---|
| ZS | Zscaler, Inc. | 4/9 | 2.19 | — | +23.3% |
| VRSN | VERISIGN INC/CA | 4/9 | — | — | +6.4% |
| RDNW | RideNow Group, Inc. | 6/9 | -3.1 | — | -10.5% |
| FORTY | FORMULA SYSTEMS (1985) LTD | 6/9 | 3.29 | 61.6 | +17.9% |
| DOCS | Doximity, Inc. | 5/9 | 11.52 | 19.5 | +13.1% |
| PERI | Perion Network Ltd. | 3/9 | 5.93 | — | -11.7% |
| MLGO | MicroAlgo Inc. | 5/9 | — | — | -22.1% |
About Zscaler, Inc.
Zscaler, Inc. operates as a cloud security company worldwide. The company offers cyberthreat protection products, including Zscaler Internet Access, which provides threat protection, cloud sandbox, and cloud browser isolation; Zscaler Private Access solution that includes cyberthreat and data protection, application discovery, secure application access, application segmentation, application protection, reduced attack surface, and browser isolation; Zero Trust Firewall; Cloud Sandbox; and Zero Trust Browser. It also provides data security products, such as web and email DLP, endpoint DLP, BYOD security, multi-mode CASB, unified SaaS security, DSPM, AI-SPM, public gen AI security, and Microsoft Copilot data protection; Zero Trust Cloud solution. In addition, the company offers Zero Trust Branch comprising Zero Trust SD-WAN; IoT/OT segmentation; privileged remote access; Zscaler Cellular; and Zscaler Digital Experience that measures end-to-end user experience across business applications, as well as provides an easy-to-understand digital experience score for each user, application, and location within an enterprise. Further, it provides security operations products, including data fabric for security; asset exposure management; Risk360; unified vulnerability management; deception; managed detection and response; and managed threat hunting. Additionally, the company offers Zero Trust Gateway, a fully managed Zscaler service. It serves the 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 -1.6% and a return on equity of -2.3%.
What is the analyst price target for ZS?
The average Wall-Street price target for Zscaler, Inc. is $192.55, 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.