-36%

est. 2Y upside i

Cybersecurity

Rank

#3692

Sector

Cybersecurity

Est. Liquidity

~0Y

Data Quality

Data: High

Zscaler is a leading cloud security provider with robust revenue (~$3.0B, 24% YoY growth) and a strong competitive moat in the growing Zero Trust market.

Last updated: March 10, 2026

Bull (13%)+85%

Zscaler's AI Security and Zero Trust Everywhere pillars accelerate adoption, exceeding revenue growth expectations to 30%+ YoY. Strong execution and market share gains against legacy players, particularly in the SAP RISE migration opportunity, drive a re-rating of its valuation multiple closer to historical highs, pushing market cap to nearly $49 billion.

Base (46%)+35%

Zscaler maintains its strong position in the cloud security market, growing revenue at ~24-26% YoY as per guidance, fueled by consistent demand for its Zero Trust platform. Despite intense competition, its strong moat and retention rates allow it to meet analyst expectations, resulting in a market cap of approximately $35.6 billion.

Bear (41%)-45%

Increased competitive pressure from incumbents like Microsoft's E5 bundling and Palo Alto Networks' integrated offerings leads to pricing pressure and slower than expected customer acquisition. Concerns over growth durability and profitability persist, causing a significant de-rating of its valuation multiple and a market cap contraction to around $14.5 billion.

Est. time to liquidity~0.0 years

Preference Stack Risk

low

Funding Intensity

1%

Total funding of $148 million represents only 0.56% of the current $26.38 billion market capitalization, indicating minimal liquidation preference risk for common shareholders.

Dilution Risk

moderate

As a public company, dilution primarily stems from ongoing stock-based compensation and potential future equity offerings, which are typical for growth-oriented tech firms.

Secondary Liquidity

active

As a publicly traded company on NASDAQ (ZS), Zscaler's stock is actively traded, providing immediate liquidity for equity holders.

Other — 280 roles

View all 280 open roles at Zscaler →

Last updated: February 22, 2026

Questions to Ask at the Interview

Strategic questions based on Zscaler's data — designed to show you've done your homework.

  • 1

    “Given the strong competitive landscape with incumbents like Microsoft and Palo Alto Networks actively bundling security solutions, how does Zscaler plan to differentiate and maintain its market share in the next two years?”

  • 2

    “Zscaler has demonstrated strong revenue and ARR growth, but it's not yet GAAP profitable. What is the company's roadmap to sustainable profitability, and how do you balance growth investments with margin expansion?”

  • 3

    “With the stock trading below its 52-week high and some analysts adjusting price targets downwards, how does Zscaler communicate its long-term value proposition and equity opportunity to employees and the market?”

Community

Valuation Sentiment

Our model estimates -36% upside. What do you think?

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Disclaimer: This analysis is AI-generated and does not constitute financial or career advice. Always conduct your own due diligence.