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Zscaler Inc (ZS) — chart, structure and Closelooknet read

The Closelooknet read

Zscaler operates a cloud security platform built around zero trust, routing user and device traffic through its network rather than a company's own perimeter. Its Zero Trust Exchange covers internet access, private application access, a secure browser, digital-experience monitoring and newer tools for securing AI agents and AI-driven data flows.

Detail below: the desk's view, the earnings record, peers and the company snapshot; daily prices on the price-history tab. Agents can buy the score depth per call over HTTP 402 — see the catalogue. Research diary readings, not advice.

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Our record on ZS

Every scored call, pick and trade this diary has made on Zscaler Inc, with the outcome where it is known.

Signals for this name

Every Closelooknet reading that exists for ZS, from the same nightly bakes the boards use. Research diary readings, not advice.

Versus its index Agentic Ecosystem Index — the name, its sleeve and the index over day, week and month

Versus its index

The name against its Closelooknet index and its own sleeve — equal-weight, nightly closes.

Agentic Ecosystem Index · as of 2026-11-05

DayWeekMonth3 months
ZS−9.2%−17.7%−4.5%+20.9%
Agentic Security−6.0%−13.3%−14.6%—
Agentic Ecosystem Index−7.8%−17.9%−22.6%—

Against the index: 0.2 pts ahead on the week, 18.1 pts ahead on the month; against its Agentic Security sleeve 10.1 pts ahead on the month.

Returns from the index workers’ nightly closes; equal-weight sleeves. A relative reading from the research diary, not advice.

Mentioned on Closelooknet 14 pieces · newest: Midday 10, “AI Trade — cloud fund +2.9% on a second up day, security +2.7%; chips −0.9% again, Delta −1.6% on fuel” (2026-10-09)

Mentioned on Closelooknet

Where ZS appears in the diary — 14 pieces, newest first. Every link is our own writing.

Go deeper

Long reads

  • Agentic Application Software: The SaaSpocalypse MapDossier · $39 · 27 Feb 2026CrowdStrike (CRWD) · Palo Alto Networks (PANW) · Zscaler (ZS) · Rubrik (RBRK) · SentinelOne (S) Healthcare IT Adapter — regulatory moat buys time Regulatory requirements (FDA, HIPAA, clinical trial compliance) create switching costs that…

101 and glossary

Dailies

Weather around the name 4 macro readings: Money Temperature, Factor regime, Sector × region …

The weather around this name

Macro readings that apply by membership — the regime, the factor tape, the sector cell, the funding backdrop.

  • Money Temperature Composite 44/100 · S&P 500 fund at 48, above its 200-day averageEight instruments scored on position, momentum, volume, volatility and fragility — the regime every name trades inside. Temperature lab → 2026-11-05
  • Factor regime Defensive rotation — low-vol leading, regime-change watchMomentum against low volatility (SPMO / SPLV): below its 50-day trend, 73th percentile of the window, -21.7% over 20 sessions. Factor regime → 2026-11-04
  • Sector × region Technology in US: −14.0% week · −19.4% month · −13.5% quarter · +5.3% yearThe Sector Engine cell this name lives in, from XLK.US; the 11 × 4 matrix shows where its sector is being bought and where it is being sold. Sector Engine → 2026-11-05
  • Sovereign pressure Index -2.05 · down 2.95 over 21 sessionsG7 long-end yields, 10s30s and the slope — the funding weather for every balance sheet on this site. Sovereign pressure → 2026-11-05
How it trades on rate days beta 0.05 to TLT · on the worst bond days it held up better than the market

How it trades on rate days

How ZS has moved when long-dated Treasury yields rise — measured against TLT, the 20+ year Treasury fund.

  • Beta to long bonds, 1 year 0.05 — shows only a loose link to bond moves for every 1% move in TLT (20+ year Treasuries), Zscaler Inc moved 0.05% on average · correlation 0.01 · higher than 10% of US names
  • Beta, last 3 months −0.25 less rate-sensitive lately than over the year
  • On the 10 worst bond days −0.18% on average against −0.74% for the S&P 500 the 10 sessions of the past year in which TLT fell most, i.e. long yields rose most
  • Latest of those days +0.09% TLT −1.29% that day 2026-09-24

Daily total returns from the adjusted price series; a TLT down day is a day long yields rose. Beta = the average move of the name for a 1% move in TLT. Past sensitivity, not a forecast. An investment diary, not a recommendation.

Who it is priced against Zero trust and cloud security · 5 names with week and year-to-date

Peer group

Zero trust and cloud security

Curated competitor set — who the market prices this name against, not just who shares its sector.

Compared against ZS on the nightly bakes; the Peers tab ranks the cohort on the Closelooknet scores where it exists.

Company snapshot — Zscaler Inc

ZS in five paragraphs: what it makes and sells, where it sits in the Closelooknet stack, who it is priced against, why we track it, what we watch. Research diary, not advice.

What it does
Zscaler operates a cloud security platform built around zero trust, routing user and device traffic through its network rather than a company's own perimeter. Its Zero Trust Exchange covers internet access, private application access, a secure browser, digital-experience monitoring and newer tools for securing AI agents and AI-driven data flows. Customers span most large industries, from manufacturing and finance to healthcare and the public sector. It is based in San Jose.
Where it sits in the stack
Zscaler carries no seat in Rubin or Halo, so it sits in our universe as part of the security-software sleeve, inside the zero trust and cloud security group the diary tracks alongside network and endpoint security names.
Who it is priced against
Closelooknet's peer group prices it against zero trust and cloud security names: Cloudflare, Palo Alto Networks, CrowdStrike, Fortinet and Okta; the market also weighs it against Microsoft's competing security stack.
Why Closelooknet tracks it
It is a Nasdaq-100 constituent and carries a Closelooknet score, strongest on momentum and weakest on valuation. The diary has named it across a Dossier on agentic software, a 101 piece on Cloudflare's positioning, and a Midday 10 note on security-sector moves.
What the diary watches
Whether zero trust spending holds up as enterprises weigh platform consolidation among the security vendors it competes with.

Zscaler Inc (ZS) trades on US exchanges, classified under Technology.

The Closelooknet company score reads 45/100 composite (momentum 79, quality 39, valuation 16) across 7 modules — the full breakdown, chart structure and analog history load live above.

Written from the company’s public profile and Closelooknet’s own readings, 2026-09-17. Descriptive, refreshed with the registry; corrections welcome via the imprint. closelook.net is an investment research diary — market structure, index membership and scores are our own readings, not investment advice. Related: index compare · sector dispersion · scanner.

The Street on this name 11 analyst actions on the wire · latest: price target by DA Davidson, 2026-10-20 · last print 2026-09-03

The Street on this name

Analyst actions and the latest print for ZS from the Closelooknet wires — third-party opinions on the record, not our readings.

  • Price target DA Davidson — target 215 Target set to $215 (+0.2% to spot) 2026-10-20
  • Price target Scotiabank — target 255 from 240 Target raised to $255 from $240 (+20.4% to spot) 2026-10-07
  • Price target Jefferies — target 250 from 220 Target raised to $250 from $220 (+18.3% to spot) 2026-10-07
  • Latest print EPS 1.19 against 1.09 expected — a +9.2% beat 2026-09-03

11 actions on the analyst wire since 2026-08-13: 11 target changes. Analyst wire → · Earnings wire →

Dividends and capital return no distribution in twelve months

Dividends and capital return

What ZS pays out and buys back — distributions read from the price series, money terms from the filings.

  • Distributions No cash distribution recorded in the price series over the last three years
  • Share count +3.8% in FY2026 822 m USD of stock-based compensation in the year

Per-share amounts are derived from the adjusted price series in the listing currency, so dates sit within days of the ex-date; filing figures come from the fundamentals feed for the last reported fiscal year. An investment diary, not a recommendation.

FAQ · from the current data · as of 2026-11-06

Quick answers

What is Zscaler Inc (ZS)?

Zscaler Inc trades as ZS on the US exchange (US) and is classified under Technology in the Closelooknet research universe, as of the registry build of 2026-11-06.

Is ZS in a Closelooknet index?

Not currently — Zscaler Inc is tracked in the Closelooknet research universe but is not a constituent of a Closelooknet functional index as of 2026-11-06.

What is Zscaler Inc's Closelooknet composite score?

45 out of 100, with momentum 79, quality 39 and valuation 16 sub-scores, as of 2026-11-06. Scores are Closelooknet's own research readings, not ratings or investment advice.

What is Zscaler Inc's earnings print record?

Across the 11 prints Closelooknet covers, Zscaler Inc beat EPS estimates 11 times and revenue estimates 11 times; the three-day reactions split 2 up, 3 flat and 6 down (moves beyond ±3%), as of the 2026-09-02 card. The full print-record card carries the per-print history.

Where does ZS trade against its moving averages?

Zscaler Inc trades 8.4% above its 50-day and 33.6% above its 200-day moving average (3.3% below its 20-day). As of 2026-11-04 — a technical state from the nightly Closelooknet bake, not advice. The Technical tab carries the full row.

How is ZS doing against its Closelooknet index?

Over the past month Zscaler Inc is −4.5% against −22.6% for the Agentic Ecosystem Index — 18.1 points ahead of its index, as of 2026-11-05. Its Agentic Security sleeve is −14.6% over the same month. The “Versus its index” table on this page carries the day, the week and the month for the name, its sleeve and the index.

How does Zscaler Inc compare with its peers?

Against its peer group (Zero trust and cloud security), Zscaler Inc (ZS) sits 33.4% below its 52-week high, 8.4% above its 50-day average; Cloudflare Inc (NET) is 28.0% below, Palo Alto Networks Inc (PANW) is 19.5% below, Crowdstrike Holdings Inc (CRWD) is 16.0% below, as of 2026-11-04. Put any of them next to ZS in the chart grid (2×1 or 2×2) and the page lays the companies side by side: performance, trend, valuation, margins and our money-flow reading.

How does Zscaler Inc trade when bond yields rise?

Over the past year Zscaler Inc had a beta of 0.05 to TLT, the long-dated Treasury fund — it shows only a loose link to bond moves, higher than 10% of US names. On the 10 sessions in which long bonds fell most it moved −0.18% on average, against −0.74% for the S&P 500. As of 2026-11-05; The "How it trades on rate days" block on this page carries the lines.

Where has Closelooknet written about Zscaler Inc?

Zscaler Inc appears in 14 Closelooknet pieces as of 2026-11-06, most recently Midday 10: AI Trade — cloud fund +2.9% on a second up day, security +2.7%; chips −0.9% again, Delta −1.6% on fuel (2026-10-09); Midday 10: Nvidia — up 2.7% in a red market; MongoDB sinks 18% as Meta hires its CEO, gold slides 3.8% (2026-09-28); Midday 10: Fed day — relief before the decision: 10-year 4.96%, Brent under $107.63, chips reclaim $505, Nasdaq-100 above $708.69 (2026-09-16). What Closelooknet said most recently: The money keeps moving from the chip makers to the companies that run and sell AI: Zscaler +6.4%, Datadog +5.7%, Oracle +4.8%, while TSMC and AMD slip. (Midday 10, 2026-10-09). The "Mentioned on Closelooknet" block on this page lists the long reads, the reference entries and the dailies that name it.

What does Zscaler Inc do?

Zscaler operates a cloud security platform built around zero trust, routing user and device traffic through its network rather than a company's own perimeter. Its Zero Trust Exchange covers internet access, private application access, a secure browser, digital-experience monitoring and newer tools for securing AI agents and AI-driven data flows. Customers span most large industries, from manufacturing and finance to healthcare and the public sector. Closelooknet's peer group prices it against zero trust and cloud security names: Cloudflare, Palo Alto Networks, CrowdStrike, Fortinet and Okta; the market also weighs it against Microsoft's competing security stack. (Company snapshot of 2026-09-17.)

Where does Zscaler Inc sit in the AI build-out?

Zscaler carries no seat in Rubin or Halo, so it sits in our universe as part of the security-software sleeve, inside the zero trust and cloud security group the diary tracks alongside network and endpoint security names. It is a Nasdaq-100 constituent and carries a Closelooknet score, strongest on momentum and weakest on valuation. The diary has named it across a Dossier on agentic software, a 101 piece on Cloudflare's positioning, and a Midday 10 note on security-sector moves. (Company snapshot of 2026-09-17.)

Does Zscaler Inc pay a dividend?

No cash distribution shows in Zscaler Inc’s price series over the last three years. The share count rose 3.8% over the fiscal year. As of 2026-11-05; the "Dividends and capital return" block on this page carries the lines.

What has Wall Street done on Zscaler Inc recently?

The most recent analyst action on Zscaler Inc on the Closelooknet wire is a price target by DA Davidson on 2026-10-20 (target 215). 11 actions on the analyst wire since 2026-08-13: 11 target changes. Its latest earnings print on the wire, 2026-09-03: EPS 1.19 against 1.09 expected — a +9.2% beat. Analyst actions are third-party opinions recorded by the wire, not Closelooknet readings. The “The Street on this name” block on this page lists the moves; the full feeds are the analyst wire and the earnings wire.

What does this page show?

A live price chart with SMA overlays and drawing tools for ZS, performance metrics, index-membership context and the Closelooknet structure read — an investment research diary view, not investment advice.

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Related in the Closelooknet universe

then Software - Infrastructure. Scored names rank on their Closelooknet score; names without one rank on trend state — above or below their 50- and 200-day averages — never on a score they do not carry.