What is Zacks Research’s Forecast for Zscaler Q3 Earnings?

Zscaler, Inc. (NASDAQ:ZS) – Zacks Research lowered their Q3 2025 EPS estimates for 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 analysts have also commented on ZS. Rosenblatt Securities raised Zscaler from a “neutral” rating to a “buy” rating and boosted their price target for the company from $190.00 to $235.00 in a research note on Thursday, March 6th. JPMorgan Chase & Co. lifted their price objective on Zscaler from $240.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, March 6th. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $244.00 target price on shares of Zscaler in a report on Thursday, March 6th. BMO Capital Markets lifted their price target on shares of Zscaler from $222.00 to $233.00 and gave the company an “outperform” rating in a report on Thursday, March 6th. Finally, Royal Bank of Canada boosted their price target on shares of Zscaler from $230.00 to $250.00 and gave the company an “outperform” rating in a research report on Thursday, March 6th. Nine investment analysts have rated the stock with a hold rating and twenty-four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $232.35.

Zscaler Stock Up 1.3 %

Shares of ZS opened at $201.07 on Monday. Zscaler has a 12 month low of $153.45 and a 12 month high of $217.84. The stock has a market cap of $31.11 billion, a price-to-earnings ratio of -804.28 and a beta of 0.88. The company has a 50-day moving average price of $202.49 and a two-hundred day moving average price of $194.34.

Institutional Inflows and Outflows

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

Insider Buying and Selling at Zscaler

In other Zscaler news, CEO Jagtar Singh Chaudhry sold 2,155 shares of Zscaler stock in a transaction dated Tuesday, March 18th. The stock was sold at an average price of $199.15, for a total transaction of $429,168.25. Following the transaction, the chief executive officer now directly owns 356,414 shares in the company, valued at approximately $70,979,848.10. The trade was a 0.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder Ajay Mangal sold 190,480 shares of the stock in a transaction dated 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 completion of the sale, the insider now owns 2,580,210 shares of the company’s stock, valued at $517,822,344.90. This trade represents a 6.87 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 199,234 shares of company stock valued at $39,970,790. 18.10% of the stock is currently owned by company 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.