Zscaler, Inc.

NasdaqGS:ZS 株式レポート

時価総額：US$22.5b

Zscaler 過去の業績

過去 基準チェック /06

Zscalerは35.6%の年平均成長率で業績を伸ばしているが、Software業界はgrowingで21.2%毎年増加している。売上は成長しており、年平均30.5%の割合である。

主要情報

35.59%

収益成長率

37.37%

EPS成長率

Software 業界の成長17.33%
収益成長率30.54%
株主資本利益率-3.08%
ネット・マージン-2.25%
前回の決算情報31 Jan 2026

最近の業績更新

Recent updates

Zscaler (ZS): The Zero Trust Sovereign and the AI Transaction Surge

Zscaler (ZS) , the pioneer of the cloud-native Zero Trust Exchange, enters Monday, April 20, 2026 , as a company navigating a stark contrast between stellar operational execution and a brutal valuation reset. Trading at $134.67 USD —up slightly on the day but down roughly 42% year-to-date —the stock is attempting to find a floor after a dramatic "air pocket" in the enterprise software sector.

ZS: Future Returns Will Rely On Zero Trust AI Security Leadership

Analysts have trimmed the Zscaler fair value estimate from about $304 to $230 as they recalibrate price targets in line with lower peer multiples, slightly softer growth and margin assumptions, and ongoing sector wide multiple compression, even as many still highlight healthy core fundamentals and long term opportunities. Analyst Commentary Recent research on Zscaler reflects a mixed but generally constructive view, with many firms cutting price targets while maintaining positive ratings.

Zscaler: Strong Double-Digit Growth Ahead

Apr 18

ZS: Zero Trust AI Security And Data Sovereignty Set To Drive Upside

The analyst price target for Zscaler is adjusted slightly lower to $320.14, reflecting peer multiple compression across cybersecurity software. At the same time, analysts continue to highlight a healthy core business, expanding platform opportunities such as Red Canary and Agentic Exchange, and supportive views on AI security demand from recent research.

ZS: Zero Trust AI Security And Data Sovereignty Will Drive Future Upside

Analysts have trimmed the average price target for Zscaler, reflecting sector wide multiple compression. They continue to highlight a healthy core business, improving go to market execution, and new opportunities such as Red Canary and Agentic Exchange.

ZS: Zero Trust And AI Security Plus AI Defense Will Drive Future Upside

The analyst price target for Zscaler in our model has been revised lower from about $389 to about $326 as analysts factor in more moderate revenue growth assumptions, slightly higher discount rates, improved margin expectations, and lower future P/E multiples amid broader multiple compression across security software peers. Analyst Commentary Recent Street research on Zscaler reflects a mix of reduced price targets and generally supportive ratings, with many firms maintaining positive views on execution, margins, and the long term opportunity despite sector wide multiple compression.

ZS: Future Returns Will Rely On Zero Trust AI Security Leadership

Narrative Update: Zscaler We trim our Zscaler fair value estimate by about $13 to $304, reflecting lower assumed profit margins and a slightly less aggressive future P/E multiple, while analysts broadly reduce price targets on the stock even as they continue to highlight its Zero Trust leadership, AI security exposure, and potential for earnings beats. Analyst Commentary Recent Street research on Zscaler has shifted toward lower price targets, but most firms still frame the company as a key Zero Trust and AI security player with ongoing execution questions rather than a broken growth story.

AI Security And Zero Trust Execution Risks Will Challenge Progress Yet Still Support Long-Term Upside

Catalysts About Zscaler Zscaler provides cloud delivered security services that help enterprises protect users, data and applications. What are the underlying business or industry changes driving this perspective?

ZS: Future Returns Will Rely On Expanding Zero Trust AI Security Adoption

Analysts have lowered their price targets for Zscaler by roughly $40 to $50, placing them in the $300 to $320 range. This reflects survey feedback on security budgets, shifts in peer multiples, and mixed read-throughs from recent ARR and emerging product trends.

ZS: Future Returns Will Rely On Expanding Zero Trust And AI Security Demand

Analysts have nudged their implied price expectations for Zscaler lower, trimming the fair value estimate by about US$10 to US$318.35. Recent cuts and modest increases in price targets across firms reflect more cautious views on security spending, peer multiples and competitive trends, even as research notes still point to solid ARR performance and interest in emerging products.

ZS: Zero Trust And AI Security Momentum Will Drive Long Term Upside

Analysts have nudged our Zscaler fair value estimate higher to about US$389 from US$385, reflecting a blend of slightly softer modeled revenue growth, modestly better margin expectations, and updated price targets that balance mixed ARR disclosure with continued confidence in emerging product traction and long term Zero Trust and AI security demand. Analyst Commentary Street research around the latest quarter paints a largely constructive picture, with price targets moving in both directions but commentary skewing toward confidence in Zscaler's execution on growth initiatives, especially in Zero Trust, AI Security, and Data Security offerings.

ZS: Future Returns Will Rely On Expanding Demand For Zero Trust Security

Analysts have modestly trimmed our Zscaler price target by a low single digit percentage to reflect slightly higher discount rates and a more balanced interpretation of Q1 results. Strong ARR growth and traction in emerging products were partially offset by mixed guidance, underwhelming bottom line performance, and uneven disclosure around inorganic contributions.

Zscaler, Inc.'s (NASDAQ:ZS) 27% Share Price Plunge Could Signal Some Risk

Dec 02
Zscaler, Inc.'s (NASDAQ:ZS) 27% Share Price Plunge Could Signal Some Risk

ZS: Future Returns Will Rely On Sustained Demand For Cybersecurity Solutions

Zscaler's analyst price target saw a marginal increase of $0.25. Analysts cited solid emerging product traction and improved profit margin expectations, despite mixed operational results.

ZS: Future Share Performance Will Depend On Cybersecurity Demand And Competitive Dynamics

Zscaler's analyst-driven fair value estimate has increased slightly to $327.98 per share. This reflects ongoing optimism among analysts about continued growth opportunities in cybersecurity and resilient fundamentals, despite sector volatility.

Zero Trust And AI Security Will Unlock Future Markets

Analysts maintained Zscaler’s price target at $324.66, as robust Q4 results, platform leadership, and ongoing ARR growth balanced heightened concerns over valuation and FY26 growth visibility. Analyst Commentary Bullish analysts highlighted Zscaler’s strong fiscal Q4 results, consistent beats across key metrics, and positive initial FY26 guidance as validation of robust growth momentum and a solid go-to-market strategy.

Is Now An Opportune Moment To Examine Zscaler, Inc. (NASDAQ:ZS)?

Aug 17
Is Now An Opportune Moment To Examine Zscaler, Inc. (NASDAQ:ZS)?

A Look At The Fair Value Of Zscaler, Inc. (NASDAQ:ZS)

Jun 27
A Look At The Fair Value Of Zscaler, Inc. (NASDAQ:ZS)

After Leaping 30% Zscaler, Inc. (NASDAQ:ZS) Shares Are Not Flying Under The Radar

May 08
After Leaping 30% Zscaler, Inc. (NASDAQ:ZS) Shares Are Not Flying Under The Radar

Zscaler: Downgrading On Anticipated Slowdown In Growth

Mar 27

Zscaler: The Q2 Earnings Look Great, But I Keep My 'Hold' In Place

Mar 07

Zscaler: Out With The New, In With The Old (Revisited)

Feb 23

Zscaler: Anticipate Diminishing Returns With Slowdown In Growth

Feb 05

Zscaler: The Next Long-Term Winner In Cybersecurity

Jan 03
User avatar

AI-Powered Zero Trust Exchange Platform Will Accelerate Revenue And Margin Growth

Expansion in AI solutions and strategic customer deals position Zscaler for increased market share and improved net margins.

Zscaler: The Market Got It Wrong After Earnings

Dec 03

Zscaler: A Compelling Long-Term Investment

Nov 12

Zscaler's Valuation Woes: A Case For Selling

Oct 21

Zscaler: GAAP Profitability And The Pursuit Of Alpha

Oct 04

収支内訳

Zscaler の稼ぎ方とお金の使い方。LTMベースの直近の報告された収益に基づく。

収益と収入の歴史

NasdaqGS:ZS 収益、費用、利益 ( )USD Millions
日付収益収益G+A経費研究開発費
31 Jan 263,001-681,644763
31 Oct 252,833-411,567704
31 Jul 252,673-411,496660
30 Apr 252,547-391,448628
31 Jan 252,422-161,382584
31 Oct 242,299-361,344535
31 Jul 242,168-581,298494
30 Apr 242,030-741,247452
31 Jan 241,896-1391,218420
31 Oct 231,758-1681,168385
31 Jul 231,617-2021,124347
30 Apr 231,480-2691,078329
31 Jan 231,348-3251,029312
31 Oct 221,216-368961294
31 Jul 221,091-390873284
30 Apr 22970-374779261
31 Jan 22860-331687226
31 Oct 21761-298609198
31 Jul 21673-262541169
30 Apr 21602-231485147
31 Jan 21536-191429131
31 Oct 20480-153371111
31 Jul 20431-11532596
30 Apr 20391-7127982
31 Jan 20360-6425374
31 Oct 19333-3822869
31 Jul 19303-2919661
30 Apr 19273-3018756
31 Jan 19243-2816850
31 Oct 18214-3415244
31 Jul 18190-4014039
30 Apr 18171-4912837
31 Jan 18154-4911734
31 Oct 17139-4910632
31 Jul 17126-459429
30 Apr 17113-388426
31 Jul 1680-366621
31 Jul 1554-133715

質の高い収益: ZSは現在利益が出ていません。

利益率の向上: ZSは現在利益が出ていません。

フリー・キャッシュフローと収益の比較

過去の収益成長分析

収益動向: ZSは利益を出していないが、過去 5 年間で年間35.6%の割合で損失を削減してきた。

成長の加速: ZSの過去 1 年間の収益成長を 5 年間の平均と比較することはできません。現在は利益が出ていないためです。

収益対業界: ZSは利益が出ていないため、過去 1 年間の収益成長をSoftware業界 ( 14.3% ) と比較することは困難です。

株主資本利益率

高いROE: ZSは現在利益が出ていないため、自己資本利益率 ( -3.08% ) はマイナスです。

総資産利益率

使用総資本利益率

過去の好業績企業の発掘

7D

1Y

7D

1Y

7D

1Y

企業分析と財務データの現状

データ最終更新日（UTC時間）
企業分析2026/05/03 22:54
終値2026/05/01 00:00
収益2026/01/31
年間収益2025/07/31

データソース

企業分析に使用したデータはS&P Global Market Intelligence LLC のものです。本レポートを作成するための分析モデルでは、以下のデータを使用しています。データは正規化されているため、ソースが利用可能になるまでに時間がかかる場合があります。

パッケージデータタイムフレーム米国ソース例
会社財務10年
  • 損益計算書
  • キャッシュ・フロー計算書
  • 貸借対照表
アナリストのコンセンサス予想+プラス3年
  • 予想財務
  • アナリストの目標株価
市場価格30年
  • 株価
  • 配当、分割、措置
所有権10年
  • トップ株主
  • インサイダー取引
マネジメント10年
  • リーダーシップ・チーム
  • 取締役会
主な進展10年
  • 会社からのお知らせ

* 米国証券を対象とした例であり、非米国証券については、同等の規制書式および情報源を使用。

特に断りのない限り、すべての財務データは1年ごとの期間に基づいていますが、四半期ごとに更新されます。これは、TTM（Trailing Twelve Month）またはLTM（Last Twelve Month）データとして知られています。詳細はこちら。

分析モデルとスノーフレーク

本レポートを生成するために使用した分析モデルの詳細は当社のGithubページでご覧いただけます。また、レポートの使用方法に関するガイドやYoutubeのチュートリアルも掲載しています。

シンプリー・ウォールストリート分析モデルを設計・構築した世界トップクラスのチームについてご紹介します。

業界およびセクターの指標

私たちの業界とセクションの指標は、Simply Wall Stによって6時間ごとに計算されます。

アナリスト筋

Zscaler, Inc. 47 これらのアナリストのうち、弊社レポートのインプットとして使用した売上高または利益の予想を提出したのは、 。アナリストの投稿は一日中更新されます。65

アナリスト機関
Shrenik KothariBaird
Saket KaliaBarclays
Rahul ChopraBerenberg