Zscaler (NASDAQ:ZS) Updates FY 2026 Earnings Guidance

Posted by George Bondi on May 26th, 2026

Zscaler (NASDAQ:ZS – Get Free Report) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 4.100-4.110 for the period, compared to the consensus earnings per share estimate of 3.210. The company issued revenue guidance of $3.3 billion-$3.3 billion, compared to the consensus revenue estimate of $3.3 billion. Zscaler also updated its Q4 2026 guidance to 1.080-1.090 EPS.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ZS. Citizens Jmp dropped their price objective on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating on the stock in a research report on Friday, May 1st. Royal Bank Of Canada decreased their price target on Zscaler from $250.00 to $205.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Barclays set a $220.00 price objective on shares of Zscaler in a report on Thursday, February 19th. KeyCorp raised their price objective on shares of Zscaler from $160.00 to $190.00 and gave the stock an “overweight” rating in a report on Monday, May 18th. Finally, TD Cowen dropped their price objective on Zscaler from $330.00 to $260.00 and set a “buy” rating on the stock in a report on Tuesday, February 24th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, Zscaler has a consensus rating of “Moderate Buy” and a consensus target price of $261.26.

View Our Latest Analysis on ZS

Zscaler Stock Performance

Shares of ZS stock traded up $2.23 during trading hours on Tuesday, hitting $184.60. The stock had a trading volume of 6,999,400 shares, compared to its average volume of 2,863,154. The firm has a market capitalization of $29.68 billion, a PE ratio of -439.52 and a beta of 0.96. Zscaler has a twelve month low of $114.63 and a twelve month high of $336.99. The stock’s 50 day moving average is $145.14 and its 200 day moving average is $193.63. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.90 and a quick ratio of 1.90.

Zscaler (NASDAQ:ZS – Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.12. The business had revenue of $815.75 million during the quarter, compared to the consensus estimate of $798.92 million. Zscaler had a positive return on equity of 0.06% and a negative net margin of 2.25%.The company’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.78 earnings per share. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. As a group, research analysts forecast that Zscaler will post -0.03 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, EVP Raj Judge sold 2,488 shares of the company’s 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 sale, the executive vice president directly owned 67,906 shares of the company’s stock, valued at approximately $10,633,400.54. This represents a 3.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin Rubin sold 1,682 shares of the business’s stock in a transaction dated Tuesday, March 17th. The shares were sold at an average price of $156.59, for a total value of $263,384.38. Following the completion of the transaction, the chief financial officer owned 46,479 shares in the company, valued at $7,278,146.61. This trade represents a 3.49% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 12,130 shares of company stock valued at $1,892,487. 17.20% of the stock is owned by insiders.

Institutional Investors Weigh In On Zscaler

Several large investors have recently modified their holdings of the stock. Kentucky Retirement Systems Insurance Trust Fund raised its stake in shares of Zscaler by 1.4% during the third quarter. Kentucky Retirement Systems Insurance Trust Fund now owns 2,569 shares of the company’s stock worth $770,000 after purchasing an additional 36 shares during the last quarter. Parallel Advisors LLC grew its position in Zscaler by 10.9% in the 3rd quarter. Parallel Advisors LLC now owns 397 shares of the company’s stock valued at $119,000 after buying an additional 39 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Zscaler by 7.5% in the 2nd quarter. Smartleaf Asset Management LLC now owns 648 shares of the company’s stock valued at $204,000 after buying an additional 45 shares during the last quarter. Larson Financial Group LLC grew its position in Zscaler by 2.6% in the 3rd quarter. Larson Financial Group LLC now owns 2,040 shares of the company’s stock valued at $611,000 after buying an additional 52 shares during the last quarter. Finally, Crossmark Global Holdings Inc. grew its position in Zscaler by 6.1% in the 3rd quarter. Crossmark Global Holdings Inc. now owns 976 shares of the company’s stock valued at $292,000 after buying an additional 56 shares during the last quarter. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Zscaler Company Profile

(Get Free Report)

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.

Earnings History and Estimates for Zscaler (NASDAQ:ZS)

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