Macquarie has initiated coverage on Zscaler Inc (ZS) with an Outperform rating, marking the firm's first assessment of the cybersecurity company's investment potential. This decision highlights the firm's confidence in Zscaler's growth prospects within the technology sector.
Zscaler, headquartered in San Jose, California, provides a cloud-based internet security platform designed to protect users, devices, and applications from cyber threats. The company, which employs 7,923 people, went public on March 16, 2018. Its Zscaler Zero Trust Exchange platform safeguards thousands of customers by enabling secure access to cloud resources based on identity and organizational policies.
As of October 30, 2025, Zscaler's stock trades at $331.29, with a market capitalization of $50.3 billion and a trailing twelve-month EPS of -0.27. Upcoming earnings reports are anticipated on May 26, 2026, with an estimated EPS of $0.96 and revenue of $856.4 million, and on March 2, 2026, with an estimated EPS of $0.92 and revenue of $820.1 million.
Analyst ratings, such as this one from Macquarie, provide insights based on thorough research and financial models. However, they are based on assumptions that may not always materialize. Investors should consider various factors, including company fundamentals and market trends, when making decisions. Analyst opinions can evolve as new data emerges, so it's essential to stay informed about different perspectives on the same company.
As of November 1, 2025, Zscaler holds a consensus rating of Buy, with 15 Strong Buy, 28 Buy, and 13 Hold ratings among 56 analysts. Recent actions include Macquarie's initiation to Outperform on October 31, 2025, while other firms have maintained or reiterated their ratings amid a generally positive outlook for the company.