Equities Analysts Offer Predictions for Zscaler Q3 Earnings

Zscaler, Inc. (NASDAQ:ZS) – Stock analysts at Zacks Research decreased their Q3 2025 earnings per share estimates for shares of Zscaler in a research note issued to investors on Wednesday, March 26th. Zacks Research analyst R. Department now expects that the company will post earnings per share of ($0.04) for the quarter, down from their prior forecast of ($0.02). The consensus estimate for Zscaler’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for Zscaler’s Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.16) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.26) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.10) EPS and FY2027 earnings at ($0.42) EPS.

A number of other research firms have also commented on ZS. Susquehanna raised their price objective on shares of Zscaler from $210.00 to $225.00 and gave the company a “positive” rating in a research note on Tuesday, December 3rd. Rosenblatt Securities raised shares of Zscaler from a “neutral” rating to a “buy” rating and upped their price objective for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. KeyCorp increased their target price on Zscaler from $245.00 to $250.00 and gave the company an “overweight” rating in a report on Tuesday, December 3rd. Scotiabank restated a “sector outperform” rating and set a $242.00 price objective (up from $225.00) on shares of Zscaler in a research report on Wednesday, March 5th. Finally, BTIG Research set a $252.00 price objective on shares of Zscaler and gave the company a “buy” rating in a research report on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have issued a buy rating to the company. According to MarketBeat.com, Zscaler has a consensus rating of “Moderate Buy” and an average target price of $232.68.

Zscaler Stock Performance

Shares of ZS opened at $207.14 on Monday. The firm has a fifty day moving average of $202.08 and a 200-day moving average of $193.89. The company has a market cap of $32.05 billion, a price-to-earnings ratio of -828.56 and a beta of 0.88. Zscaler has a 1 year low of $153.45 and a 1 year high of $217.84.

Hedge Funds Weigh In On Zscaler

A number of large investors have recently modified their holdings of ZS. Geode Capital Management LLC boosted its holdings in Zscaler by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 1,658,406 shares of the company’s stock valued at $298,710,000 after acquiring an additional 32,545 shares in the last quarter. Pictet Asset Management Holding SA boosted its position in shares of Zscaler by 25.8% in the 4th quarter. Pictet Asset Management Holding SA now owns 1,618,176 shares of the company’s stock worth $291,935,000 after purchasing an additional 332,307 shares in the last quarter. AQR Capital Management LLC increased its position in Zscaler by 120.1% during the 4th quarter. AQR Capital Management LLC now owns 964,031 shares of the company’s stock valued at $173,921,000 after buying an additional 525,956 shares in the last quarter. Artisan Partners Limited Partnership grew its stake in shares of Zscaler by 30.9% in the fourth quarter. Artisan Partners Limited Partnership now owns 868,795 shares of the company’s stock worth $156,739,000 after acquiring an additional 204,996 shares during the last quarter. Finally, DnB Asset Management AS increased its stake in Zscaler by 66.8% during the 4th quarter. DnB Asset Management AS now owns 667,383 shares of the company’s stock valued at $120,403,000 after purchasing an additional 267,162 shares in the last quarter. 46.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total value of $429,168.25. Following the transaction, the chief executive officer now directly owns 356,414 shares in the company, valued at $70,979,848.10. This represents a 0.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Ajay Mangal sold 190,480 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $200.69, for a total transaction of $38,227,431.20. Following the completion of the transaction, the insider now directly owns 2,580,210 shares of the company’s stock, valued at approximately $517,822,344.90. This represents a 6.87 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is owned by company insiders.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.