ZS
Not the kind of quarter you scroll past
Zscaler turned in a pretty tidy Q4: adjusted EPS came in at $1.01 and revenue hit $815.75 million, up 25.9% from a year ago. In other words, the company kept the growth engine humming while the rest of the market was busy asking, “Okay, but can cyber stocks still scale?”
The guidance is the real headline
The bigger investor question is what happens next, and Zscaler answered with FY2026 guidance calling for $3.990 to $4.020 in EPS. That’s the part that tells you management isn’t just celebrating a one-quarter victory lap — it’s signaling the business still has enough runway to keep the momentum going.
Wall Street loves the story, but wants a discount
Analysts are still broadly positive, with a consensus Moderate Buy and a $265.43 average price target. But there’s been some target trimming too, which is Wall Street’s version of saying, “We like the movie, just maybe not at full IMAX pricing.”
Meanwhile, the ownership crowd is quietly piling in
The article also notes Lbp Am Sa boosted its Zscaler stake by 35.9% during Q4 to 322,488 shares, worth about $72.53 million. That doesn’t move the earnings needle by itself, but it does reinforce that institutional investors still see the name as a core cyber bet.
Big picture: Zscaler did the two things growth investors want most — beat expectations and keep the outlook intact. The only catch is that the market may keep demanding proof, not just promise.