Zscaler Inc

ZS: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Zscaler Earnings: Disappointing Early Look at 2027 as Shares Sell Off; FVE Down to $250

Malik Ahmed Khan

May 27, 2026

Zscaler reported strong third-quarter results, with sales and adjusted operating margins expanding 25% and 140 basis points to $851 million and 23%, respectively. Despite 25% annual recurring revenue growth in the quarter, the firm guided to 16.5% growth next year, leading to shares selling off.

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Zscaler Inc

Zscaler Earnings: Disappointing Early Look at 2027 as Shares Sell Off; FVE Down to $250

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