Zacks Research Has Bearish Estimate for Zscaler Q3 Earnings

Zscaler, Inc. (NASDAQ:ZS) – Equities researchers at Zacks Research reduced their Q3 2025 earnings per share (EPS) estimates for shares of Zscaler in a research note issued on Wednesday, March 26th. Zacks Research analyst R. Department now forecasts that the company will post earnings per share of ($0.04) for the quarter, down from their previous estimate of ($0.02). The consensus estimate for Zscaler’s current full-year earnings is ($0.10) per share. Zacks Research also issued estimates for Zscaler’s Q4 2025 earnings at ($0.08) EPS, FY2025 earnings at ($0.16) EPS, Q1 2026 earnings at ($0.08) EPS, Q2 2026 earnings at ($0.07) EPS, Q4 2026 earnings at ($0.07) EPS, FY2026 earnings at ($0.26) EPS, Q1 2027 earnings at ($0.09) EPS, Q2 2027 earnings at ($0.10) EPS and FY2027 earnings at ($0.42) EPS.

Several other equities analysts also recently weighed in on the company. Piper Sandler boosted their target price on Zscaler from $215.00 to $235.00 and gave the company an “overweight” rating in a research report on Tuesday, December 3rd. Morgan Stanley initiated coverage on shares of Zscaler in a research note on Tuesday, March 18th. They issued an “equal weight” rating for the company. UBS Group boosted their price objective on Zscaler from $250.00 to $260.00 and gave the company a “buy” rating in a report on Thursday, March 6th. Guggenheim restated a “neutral” rating on shares of Zscaler in a report on Tuesday, December 3rd. Finally, The Goldman Sachs Group set a $207.00 target price on shares of Zscaler and gave the stock a “neutral” rating in a research note on Thursday, March 6th. Nine equities research analysts have rated the stock with a hold rating and twenty-four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $232.68.

Zscaler Stock Down 1.1 %

Zscaler stock opened at $207.14 on Monday. Zscaler has a 52-week low of $153.45 and a 52-week high of $217.84. The company has a market cap of $32.05 billion, a price-to-earnings ratio of -828.56 and a beta of 0.88. The firm’s fifty day moving average is $202.08 and its 200 day moving average is $193.89.

Institutional Trading of Zscaler

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Global X Japan Co. Ltd. raised its holdings in shares of Zscaler by 127.4% during the fourth quarter. Global X Japan Co. Ltd. now owns 141 shares of the company’s stock valued at $25,000 after buying an additional 79 shares during the last quarter. Summit Securities Group LLC purchased a new position in Zscaler in the 4th quarter worth about $27,000. Colonial Trust Co SC acquired a new stake in shares of Zscaler during the fourth quarter valued at approximately $28,000. Stonebridge Financial Group LLC purchased a new stake in Zscaler in the 4th quarter worth about $29,000. Finally, Elequin Capital LP acquired a new position in Zscaler in the 4th quarter valued at approximately $30,000. Institutional investors own 46.45% of the company’s stock.

Insiders Place Their Bets

In related news, major shareholder Ajay Mangal sold 190,480 shares of Zscaler stock in a transaction on Monday, March 17th. The stock was sold at an average price of $200.69, for a total value of $38,227,431.20. Following the transaction, the insider now owns 2,580,210 shares in the company, valued at approximately $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Remo Canessa sold 3,721 shares of the business’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $741,037.15. Following the sale, the chief financial officer now owns 213,702 shares of the company’s stock, valued at approximately $42,558,753.30. This represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 199,234 shares of company stock worth $39,970,790. 18.10% of the stock is owned by corporate insiders.

About Zscaler

Zscaler, Inc operates as a cloud security company worldwide. The company offers Zscaler Internet Access solution that provides users, workloads, IoT, and OT devices secure access to externally managed applications, including software-as-a-service (SaaS) applications and internet destinations; and Zscaler Private Access solution, which is designed to provide access to managed applications hosted internally in data centers, and private or public clouds.