+39%

est. 2Y upside i

Cybersecurity

Rank

#1184

Sector

Cybersecurity

Est. Liquidity

~0Y

Data Quality

Data: High

Zscaler's public equity offers moderate 2-year upside (~39%) but with high risk from slowing growth and incumbent competition.

Last updated: July 21, 2026

Bull (5%)+100%

Multiple expands to 11x as EU regulatory actions benefit independent cybersecurity leaders and zero trust adoption accelerates. Revenue reaches $4.47B, pushing market cap to $49B.

Base (45%)+65%

Multiple converges to 9x in line with comps, driven by sustained 21% revenue growth over two years. Market cap rises to $40B from $24.4B.

Bear (50%)+10%

Multiple compresses to 6x due to slowing growth guidance (16-17% in FY27) and competitive pressure from incumbents. Market cap only reaches $27B, minimal gain.

Est. time to liquidity~0.0 years

Preference Stack Risk

low

Funding Intensity

1%

Public company with $148M total funding, negligible preference overhang vs $24.4B market cap.

Dilution Risk

low

No expected equity raise; ongoing stock-based compensation is already priced in.

Secondary Liquidity

active

Shares are publicly traded on NASDAQ, providing immediate liquidity upon vesting.

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

    “How do you plan to sustain growth rates given increasing competition from Palo Alto and Cisco?”

  • 2

    “What is the company's strategy to improve profitability while investing in growth?”

  • 3

    “How does the equity compensation structure align with long-term shareholder value?”

  • 4

    “What are the key factors that could accelerate or decelerate zero trust adoption in the next 2 years?”

Community

Valuation Sentiment

Our model estimates +39% 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.