Guggenheim Reaffirms Buy Rating for Zscaler (NASDAQ:ZS)

Posted by Nicole Kennedy on Jun 10th, 2026

Zscaler (NASDAQ:ZS – Get Free Report)‘s stock had its “buy” rating reiterated by investment analysts at Guggenheim in a report released on Wednesday,Benzinga reports. They currently have a $214.00 price objective on the stock. Guggenheim’s price target suggests a potential upside of 67.06% from the stock’s previous close.

ZS has been the subject of several other research reports. Stephens set a $205.00 price target on Zscaler in a research report on Wednesday, May 27th. Canaccord Genuity Group cut their price objective on shares of Zscaler from $275.00 to $210.00 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Citizens Jmp decreased their target price on shares of Zscaler from $290.00 to $210.00 and set a “market outperform” rating for the company in a report on Friday, May 1st. KeyCorp upped their target price on shares of Zscaler from $160.00 to $190.00 and gave the stock an “overweight” rating in a research note on Monday, May 18th. Finally, B. Riley Financial cut their price target on shares of Zscaler from $225.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Thirty-three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $216.03.

Get Our Latest Stock Analysis on ZS

Zscaler Price Performance

Shares of Zscaler stock opened at $128.10 on Wednesday. The company’s fifty day simple moving average is $143.22 and its two-hundred day simple moving average is $180.32. Zscaler has a 12-month low of $114.63 and a 12-month high of $336.99. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 0.72. The firm has a market cap of $20.72 billion, a PE ratio of -265.08, a price-to-earnings-growth ratio of 80.81 and a beta of 0.97.

Zscaler (NASDAQ:ZS – Get Free Report) last announced its earnings results on Tuesday, May 26th. The company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.01 by $0.07. Zscaler had a negative net margin of 2.44% and a negative return on equity of 0.37%. The firm had revenue of $850.48 million for the quarter, compared to analyst estimates of $835.14 million. During the same quarter in the previous year, the firm posted $0.84 EPS. The company’s revenue for the quarter was up 25.4% compared to the same quarter last year. Zscaler has set its Q4 2026 guidance at 1.080-1.090 EPS and its FY 2026 guidance at 4.100-4.110 EPS. As a group, equities analysts expect that Zscaler will post 0.11 EPS for the current year.

Insider Buying and Selling

In related news, CFO Kevin Rubin sold 1,682 shares of the company’s stock in a transaction on Tuesday, March 17th. The stock was sold at an average price of $156.59, for a total transaction of $263,384.38. Following the completion of the sale, the chief financial officer owned 46,479 shares in the company, valued at approximately $7,278,146.61. This represents a 3.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Beer sold 177 shares of the firm’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $153.53, for a total value of $27,174.81. Following the completion of the transaction, the director directly owned 4,384 shares in the company, valued at $673,075.52. The trade was a 3.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 12,130 shares of company stock valued at $1,892,487 in the last ninety days. Corporate insiders own 17.20% of the company’s stock.

Hedge Funds Weigh In On Zscaler

A number of institutional investors and hedge funds have recently made changes to their positions in ZS. Integrated Wealth Concepts LLC boosted its stake in shares of Zscaler by 19.9% during the 1st quarter. Integrated Wealth Concepts LLC now owns 1,439 shares of the company’s stock worth $285,000 after acquiring an additional 239 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Zscaler by 8.2% during the 1st quarter. NewEdge Advisors LLC now owns 4,899 shares of the company’s stock valued at $972,000 after acquiring an additional 370 shares during the period. Empowered Funds LLC increased its holdings in Zscaler by 9.2% in the 1st quarter. Empowered Funds LLC now owns 2,811 shares of the company’s stock worth $558,000 after acquiring an additional 238 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Zscaler during the 2nd quarter worth approximately $252,000. Finally, Jump Financial LLC bought a new stake in Zscaler during the 2nd quarter worth approximately $3,019,000. Hedge funds and other institutional investors own 46.45% of the company’s stock.

Key Stories Impacting Zscaler

Here are the key news stories impacting Zscaler this week:

Positive Sentiment: Rosenblatt Securities reaffirmed its Buy rating and set a $200 price target on Zscaler, implying meaningful upside from current levels. Rosenblatt reaffirms Buy on Zscaler
Positive Sentiment: Needham also reiterated a Buy rating with a $180 price target, reinforcing Wall Street confidence in Zscaler’s growth outlook. Needham reaffirms Buy on Zscaler
Positive Sentiment: Zscaler unveiled major AI-security and zero-trust product expansions, including ZAgent Framework, AI Broker, Endpoint AI Security, and AI Access Graph, which positions the company as an early leader in securing agentic AI workloads. Zscaler Redefines Zero Trust SASE for the AI Era
Positive Sentiment: The company expanded Project AI-Guardian with partners like AWS, Google Cloud, OpenAI, Databricks, and others, suggesting broader ecosystem adoption and more AI-related use cases for its platform. Zscaler Expands AI-Guardian Uniting Tech Giants to Secure Enterprise AI at Scale
Neutral Sentiment: Management highlighted research showing cybercriminals are using AI to create more targeted phishing attacks, which supports the demand case for Zscaler’s security tools but does not directly change near-term financials. Zscaler Research Finds Cybercrime Economics Are Shifting as AI Trades Mass Volume for Lethal Precision
Negative Sentiment: Investor concern remains elevated after reports of a stock crash and securities investigation/class-action activity, which can pressure sentiment even when fundamentals and product news are improving. Zscaler’s Stock Lost 31% in One Day. Now Securities Lawyers Are Circling.
Negative Sentiment: Additional law-firm notices about a possible fraud/securities investigation add legal uncertainty and can weigh on the stock until clarified. ZS Investors Have Opportunity to Join Zscaler, Inc. Fraud Investigation with the Schall Law Firm

About Zscaler

(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.