Skip to Content

Zscaler Inc ZS Stock Quote

| Rating as of


Market Open

| Currency in USD

  • Last Close 148.87
  • Sector Technology
  • Industry Software - Infrastructure
  • Investment Style Mid Growth
  • Day Range 148.29  –  148.43
  • Year Range 84.93  –  185.99
  • Market Cap 21.9090 Bil
  • Volume / Avg 30,299.0 /  2.1 Mil
  • Price / Sales 13.34
  • Price / Book 30.21
  • Forward Div Yield
  • Trailing Div Yield

Morningstar‘s Stock Analysis ZS

Currency in
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price


5-Star Price


Economic Moat


Capital Allocation


Zscaler Earnings: Large Customers Drive Revenue Strength While Margins Surge

Analyst Note

| Malik Ahmed Khan |

We raise our fair value estimate to $183 from $170 for narrow-moat Zscaler after the firm finished fiscal 2023 with strong financial results and guidance for the upcoming year. While the macroeconomic environment remains uncertain, we were impressed by Zscaler’s ability to close a record number of deals with an annual contract value of more than $1 million. We attribute this strong performance upmarket to the impressive value proposition Zscaler’s platform offers its customers, especially as they seek cloud-native security vendors to manage their increasingly complex security needs. As we look ahead, we expect Zscaler’s products to remain top-of-mind for companies and so forecast robust growth for the firm over the next decade as investments in cloud-native security solutions ramp up. The firm’s shares traded slightly down after the earnings report, and we view them as marginally undervalued.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics ZS

Company Profile ZS

Business Description

Zscaler is a software-as-a-service, or SaaS, firm focusing on providing cloud-native cybersecurity solutions to primarily enterprise customers. Zscaler’s offerings can be broadly partitioned into Zscaler Internet Access, which provides secure access to external applications, and Zscaler Private Access, which provides secure access to internal applications. The firm is headquartered in San Jose, California, and went public in 2018.

120 Holger Way
San Jose, CA, 95134
Industry Software - Infrastructure
Employees 5,962

Related Articles ZS

Morningstar analysts hand-select direct competitors or comparable companies to provide context on the strength and durability of ZS’s competitive advantage.

Zscaler Inc


Cisco Systems Inc


Fortinet Inc


Palo Alto Networks Inc

+$0.71 (0.48%) +$0.44 (0.83%) +$0.28 (0.48%) +$1.11 (0.48%)
Market Cap
21.97 Bil217.22 Bil45.82 Bil71.79 Bil
Software - Infrastructure Communication Equipment Software - Infrastructure Software - Infrastructure

* Trading data in this section is delayed by at least 15 minutes.

FAQs for Zscaler Inc Stock

No. ZS does not currently have a forward dividend yield.
Dividend yield allows investors, particularly those interested in dividend-paying stocks, to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price.

Learn more about dividend yield.

ZS’s market cap is 21.97 Bil.
Market capitalization is calculated by taking a company’s share price and multiplying it by the total number of shares. It’s often used to measure a company’s size. In the Morningstar Style Box, large-cap names account for the largest 70% of U.S. stocks, mid-cap names account for the largest 70–90%, and small-cap names are the remaining 10% of companies.

Learn more about market capitalization.

ZS’s stock style is Mid Growth.
Style is an investment factor that has a meaningful impact on investment risk and returns. Style is calculated by combining value and growth scores, which are first individually calculated.

High-growth stocks tend to represent the technology, healthcare, and communications sectors. They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. These are established companies that reliably pay dividends.

Learn more about style.

ZS’s beta can be found in Trading Information at the top of this page.
A stock’s beta measures how closely tied its price movements have been to the performance of the overall market.

Compare ZS’s historical performance against its industry peers and the overall market.