Zscaler (NASDAQ:ZS) Given New $210.00 Price Target at Canaccord Genuity Group

Zscaler (NASDAQ:ZS) had its target price dropped by stock analysts at Canaccord Genuity Group from $275.00 to $210.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Canaccord Genuity Group’s price target indicates a potential upside of 13.76% from the stock’s previous close.

Several other brokerages also recently issued reports on ZS. TD Cowen reaffirmed a “buy” rating on shares of Zscaler in a report on Wednesday. BTIG Research reaffirmed a “neutral” rating on shares of Zscaler in a report on Thursday, April 9th. The Goldman Sachs Group reissued a “neutral” rating and set a $179.00 target price on shares of Zscaler in a report on Wednesday. Truist Financial set a $200.00 target price on Zscaler in a report on Wednesday. Finally, Sanford C. Bernstein dropped their target price on Zscaler from $228.00 to $224.00 and set an “outperform” rating for the company in a report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $239.06.

Zscaler Price Performance

NASDAQ:ZS opened at $184.60 on Wednesday. Zscaler has a 1-year low of $114.63 and a 1-year high of $336.99. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.78. The firm has a fifty day simple moving average of $145.75 and a 200 day simple moving average of $192.65. The stock has a market capitalization of $29.68 billion, a PE ratio of -439.52 and a beta of 0.96.

Zscaler (NASDAQ:ZS) last released its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.07. Zscaler had a negative net margin of 2.25% and a positive return on equity of 0.06%. The business had revenue of $850.48 million during the quarter, compared to analysts’ expectations of $835.60 million. During the same period last year, the business earned $0.84 earnings per share. The firm’s revenue was up 25.4% on a year-over-year basis. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. On average, research analysts expect that Zscaler will post -0.03 EPS for the current fiscal year.

Insider Transactions at Zscaler

In other Zscaler news, CFO Kevin Rubin sold 1,682 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total value of $263,384.38. Following the transaction, the chief financial officer owned 46,479 shares in the company, valued at $7,278,146.61. The trade was a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Raj Judge sold 2,488 shares of Zscaler stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $389,595.92. Following the completion of the transaction, the executive vice president owned 67,906 shares in the company, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 12,130 shares of company stock valued at $1,892,487. Company insiders own 17.20% of the company’s stock.

Institutional Trading of Zscaler

Hedge funds and other institutional investors have recently made changes to their positions in the company. Binnacle Investments Inc bought a new stake in shares of Zscaler during the third quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of Zscaler during the third quarter worth about $26,000. AlphaCentric Advisors LLC bought a new stake in shares of Zscaler during the fourth quarter worth about $29,000. Picton Mahoney Asset Management bought a new stake in shares of Zscaler during the third quarter worth about $30,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in shares of Zscaler during the fourth quarter worth about $30,000. 46.45% of the stock is currently owned by institutional investors.

Key Zscaler News

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Zscaler reported fiscal Q3 revenue of $850.5 million, up 25% year over year, and EPS of $1.08, both ahead of estimates, showing continued execution and demand for its cloud security platform. Zscaler Announces Strong Third-Quarter Fiscal 2026 Results
• Positive Sentiment: The company raised full-year fiscal 2026 EPS guidance, signaling confidence in profitability despite ongoing investment in growth and AI security initiatives. ZS Q3 Earnings Call Flags Prudent Growth Outlook
• Positive Sentiment: B. Riley upgraded Zscaler to Buy from Neutral, citing product-line expansion and improving business momentum, though the firm lowered its price target. B.Riley Upgrades Zscaler (ZS) Rating to Buy Amid Product Line Expansion
• Neutral Sentiment: Zscaler continued to emphasize AI security as a growth driver, and commentary around record margins and recurring revenue suggests the long-term story remains intact. ZS Q3 Earnings Call Flags Prudent Growth Outlook
• Negative Sentiment: Investors reacted to weaker fourth-quarter revenue guidance and a lower free cash flow outlook, suggesting tougher near-term demand conditions and more cautious spending by customers. Zscaler sees downbeat quarterly revenue as competition heats up in cybersecurity market
• Negative Sentiment: Several reports noted that competition is heating up in cybersecurity, which is weighing on sentiment around Zscaler’s ability to sustain rapid growth and premium valuation. Zscaler tumbles as mixed guidance outshines strong Q3 results

About Zscaler

Zscaler is a cloud security company that delivers a cloud-native platform to protect users, applications and data as organizations move away from traditional, network-centric security architectures. The company focuses on a zero trust approach that assumes no implicit trust for users or devices, providing secure access to the internet, SaaS applications and private applications regardless of where users are located. Zscaler positions its services as an alternative to legacy appliances and site-centric VPNs, aiming to simplify security while enabling modern, distributed workforces.

Key offerings are built around the Zscaler Zero Trust Exchange, a multi-tenant cloud platform that enforces security and access policies in-line.