Zscaler (NASDAQ:ZS) Given New $280.00 Price Target at Oppenheimer

Zscaler (NASDAQ:ZS) had its price objective decreased by Oppenheimer from $345.00 to $280.00 in a research note issued to investors on Friday morning,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

A number of other brokerages also recently issued reports on ZS. Sanford C. Bernstein raised Zscaler from a “market perform” rating to an “outperform” rating and set a $228.00 price target on the stock in a research report on Friday, February 13th. Morgan Stanley lowered their price target on Zscaler from $305.00 to $200.00 and set an “overweight” rating for the company in a report on Friday. Bank of America decreased their price objective on shares of Zscaler from $355.00 to $335.00 and set a “buy” rating for the company in a research report on Wednesday, November 26th. Truist Financial dropped their target price on shares of Zscaler from $350.00 to $250.00 and set a “buy” rating on the stock in a research report on Tuesday, February 17th. Finally, Barclays set a $220.00 price target on shares of Zscaler in a research note on Thursday, February 19th. One analyst has rated the stock with a Strong Buy rating, thirty-four have issued a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $277.66.

Zscaler Stock Down 15.5%

Shares of ZS traded down $25.89 during mid-day trading on Friday, hitting $141.47. The company’s stock had a trading volume of 6,123,441 shares, compared to its average volume of 2,569,779. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.86. The company’s 50-day moving average is $200.63 and its 200-day moving average is $256.06. Zscaler has a 52-week low of $141.21 and a 52-week high of $336.99. The firm has a market capitalization of $22.56 billion, a price-to-earnings ratio of -546.28, a PEG ratio of 317.40 and a beta of 1.02.

Zscaler (NASDAQ:ZS) last posted its earnings results on Thursday, February 26th. The company reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.12. Zscaler had a negative return on equity of 0.12% and a negative net margin of 1.45%.The company had revenue of $815.75 million during the quarter, compared to analyst estimates of $798.92 million. During the same quarter in the prior year, the business earned $0.78 earnings per share. Zscaler’s revenue was up 25.9% on a year-over-year basis. Zscaler has set its Q3 2026 guidance at 1.000-1.010 EPS and its FY 2026 guidance at 3.990-4.020 EPS. On average, equities research analysts forecast that Zscaler will post -0.1 EPS for the current fiscal year.

Insiders Place Their Bets

In other Zscaler news, insider Robert Schlossman sold 3,084 shares of the company’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total value of $711,848.88. Following the sale, the insider owned 77,002 shares in the company, valued at approximately $17,773,601.64. This represents a 3.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Jagtar Singh Chaudhry sold 2,843 shares of the firm’s stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $230.82, for a total transaction of $656,221.26. Following the sale, the chief executive officer directly owned 347,857 shares in the company, valued at $80,292,352.74. The trade was a 0.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 19,350 shares of company stock worth $4,471,509. 17.20% of the stock is currently owned by company insiders.

Institutional Trading of Zscaler

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Integrated Wealth Concepts LLC boosted its holdings in Zscaler by 19.9% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after buying an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Zscaler by 8.2% in the first quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after purchasing an additional 370 shares during the period. Empowered Funds LLC increased its holdings in shares of Zscaler by 9.2% during the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after buying an additional 238 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Zscaler in the second quarter valued at $252,000. Finally, Wealthfront Advisers LLC lifted its position in Zscaler by 1.8% in the second quarter. Wealthfront Advisers LLC now owns 6,788 shares of the company’s stock valued at $2,131,000 after buying an additional 118 shares during the last quarter. 46.45% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

• Positive Sentiment: Q2 results beat: Zscaler reported $1.01 EPS vs. $0.89 expected and revenue of $815.8M (vs. ~$798.9M consensus); ARR grew ~25% to $3.36B and the company raised ARR targets and pushed FY/Q3 EPS guidance above prior consensus. Zscaler press release
• Positive Sentiment: AI momentum and business expansion: Management highlighted AI security growth and product demand; Zscaler opened an AI & Cyber Threat Research Center in India with Bharti Airtel, underlining international expansion and AI/security commercialization potential. Zscaler Airtel AI Cyber Center
• Neutral Sentiment: Earnings call / analyst writeups show strong ARR and AI commentary but note near-term execution noise (acquisition-related churn, competition). These details matter for medium-term growth but are less immediately actionable than today’s analyst moves. Earnings highlights
• Negative Sentiment: Wider GAAP loss & spending: Zscaler reported a wider net loss driven by higher sales, marketing and R&D spend; outlets flagged that higher investment weighed on investor sentiment. Reuters: wider loss
• Negative Sentiment: Company commentary and perceived mixed guidance: although EPS guidance was strong, some press reported a lowered revenue outlook or cautious revenue commentary, which heightened investor concern about near-term growth visibility. Benzinga: lowered revenue guidance
• Negative Sentiment: Multiple analyst price‑target cuts: Several firms trimmed targets today (examples: Berenberg 390→320, Morgan Stanley 305→200, Citizens/JMP 355→290, BMO 315→210, Needham 310→180, Piper Sandler 260→185). Most retained constructive ratings (buy/overweight/outperform), but the cuts signal lower near‑term valuation support and add selling pressure. Berenberg cut Morgan Stanley cut
• Negative Sentiment: Market reaction: Even with upside to estimates, headlines emphasizing higher losses, a trimmed revenue outlook and the analyst downgrades prompted selling — causing the stock to decrease today. Barron’s: falls after earnings

Zscaler Company Profile

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.