Seeking Alpha
06 Oct 2026, 21:33 UTC · 1h ago
Zscaler: Once Forgotten Cybersecurity Winner, But Not For Long (Downgrade)
Impact · against what's priced in
The article provides no new catalyst for Zscaler as its core claims regarding revenue growth, margin targets, and AI-driven urgency are already reflected in the current stock price. The analyst's 'Buy' rating is based on metrics that the market has already absorbed or is currently discounting.
- ZS+0.00
Already priced in
- The price assumes
Revenue growth decelerating from the just-delivered 25.4% down to roughly the 11.9% the reverse-DCF requires
The article notes 25% YoY growth and forward guidance of 17.5%–19%, which aligns with the deceleration the market has already factored into the price.
What ZS's price assumes · Sep 11
