Equity Profile

ZS

Zscaler, Inc.

Information TechnologySystems Software$30.4B

Sep2Wed

Pre-Earnings Brief

UpcomingQ4-2026After Close5:00 PM EDT

Company Snapshot

Zscaler, Inc. is a technology company that provides cloud-based security solutions to help organizations protect their data and applications....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of a company's profitability and performance, which investors closely watch during earnings reports.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share, especially in a competitive environment.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

ZS Q4-2026 Earnings Preview

Context

Company Snapshot

Zscaler, Inc. is a technology company that provides cloud-based security solutions to help organizations protect their data and applications. As businesses increasingly move to the cloud, Zscaler plays a crucial role in ensuring secure access to these resources, making it an important player in the information technology sector.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1848.77%

Avg Stock Reaction

+1.13%

Last Quarter Recap

In the last quarter, Zscaler reported an impressive EPS of $1.08, significantly beating expectations. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Continued focus on expanding their cloud security offerings.
Commitment to enhancing customer experience and support.
Plans to invest in research and development for innovative solutions.

Expectations

Wall Street Expectations

Overall, expectations are high for Zscaler's upcoming earnings, given its strong track record of beating EPS estimates. Investors are looking for continued growth in revenue and profitability.

Bull Case

If Zscaler continues its trend of beating EPS estimates and shows strong revenue growth, it could lead to a significant stock price increase, reinforcing investor confidence.

Bear Case

Conversely, if Zscaler fails to meet expectations or shows signs of slowing growth, it could lead to a negative reaction in the stock price, as investors may reassess their outlook.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for this quarter, and how does it compare to previous quarters?

Given Zscaler's history of beating EPS estimates, this figure will be critical in determining market sentiment and stock performance.

What is the outlook for revenue growth in the upcoming quarters?

Investors will be keen to understand if Zscaler can maintain its growth trajectory, which is essential for long-term confidence in the stock.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Zscaler's ability to sustain its high growth rates, especially given its recent performance and market position.

Supporting Evidence

Zscaler has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a relatively modest move, suggesting that investors may not fully appreciate the potential for upside.

Zscaler's focus on innovation and customer support could drive further growth, which is not fully reflected in current expectations.

Key Risk

If Zscaler's revenue growth exceeds 20% YoY, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will either reinforce Zscaler's growth narrative or raise concerns about its future prospects.

Bull Confirmed If

An EPS of $1.10 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.90 would confirm the bear case, suggesting potential challenges in maintaining growth.

Pre-Earnings Positioning

Options Market

Implied Move

±2.57%

Historical Avg

±2.5%

In line with history

The options market is pricing in a move of approximately 2.57% in either direction following the earnings report, indicating uncertainty among investors.

Options are pricing ±2.6% while ZS has averaged ±2.5% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.6%

30d HV

127.9%

Calls (4.8M)P/C Ratio: 0.44Puts (3.2M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 5 of 10 (50%)

This setup has occurred 30 times across Information Technology in the last 2 years. 5 of 10 faded and 5 held — no strong directional bias after the initial reaction. The average absolute 1-day move is 4.4%, with a raw directional average of -0.5% (modestly negative historical bias).

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zscaler beats expectations, history suggests the stock could rise by around 1.13%, confirming strong investor confidence.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If Zscaler misses expectations, history suggests a potential decline of around 0.0%, leading to increased caution among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisitions and retention rates.
2Insights into competitive pressures and how Zscaler plans to address them.
3Details on product innovations and enhancements in the pipeline.
4Management's commentary on macroeconomic factors affecting the business.
5Guidance on future revenue expectations and strategic initiatives.

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AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

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Company Snapshot

Zscaler, Inc. is a technology company that provides cloud-based security solutions to help organizations protect their data and applications....

Key Metrics to Watch

EPS (Earnings Per Share)

EPS is a key indicator of a company's profitability and performance, which investors closely watch during earnings reports.

N/A

Revenue Growth

Revenue growth indicates how well the company is expanding its business and capturing market share, especially in a competitive environment.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

ZS Q4-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+1848.77%

Avg Stock Reaction

+1.13%

Last Quarter Recap

In the last quarter, Zscaler reported an impressive EPS of $1.08, significantly beating expectations. The stock reacted positively, gaining 1.22% the following day.

Management Promises & Guidance

Continued focus on expanding their cloud security offerings.
Commitment to enhancing customer experience and support.
Plans to invest in research and development for innovative solutions.

Expectations

Wall Street Expectations

Overall, expectations are high for Zscaler's upcoming earnings, given its strong track record of beating EPS estimates. Investors are looking for continued growth in revenue and profitability.

Bull Case

If Zscaler continues its trend of beating EPS estimates and shows strong revenue growth, it could lead to a significant stock price increase, reinforcing investor confidence.

Bear Case

Conversely, if Zscaler fails to meet expectations or shows signs of slowing growth, it could lead to a negative reaction in the stock price, as investors may reassess their outlook.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will the EPS be for this quarter, and how does it compare to previous quarters?

Given Zscaler's history of beating EPS estimates, this figure will be critical in determining market sentiment and stock performance.

What is the outlook for revenue growth in the upcoming quarters?

Investors will be keen to understand if Zscaler can maintain its growth trajectory, which is essential for long-term confidence in the stock.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating Zscaler's ability to sustain its high growth rates, especially given its recent performance and market position.

Supporting Evidence

Zscaler has consistently beaten EPS estimates, indicating strong operational performance.

The options market is pricing in a relatively modest move, suggesting that investors may not fully appreciate the potential for upside.

Zscaler's focus on innovation and customer support could drive further growth, which is not fully reflected in current expectations.

Key Risk

If Zscaler's revenue growth exceeds 20% YoY, it could significantly alter the current bearish sentiment.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance is pivotal as it will either reinforce Zscaler's growth narrative or raise concerns about its future prospects.

Bull Confirmed If

An EPS of $1.10 or higher would confirm the bull case, indicating strong profitability.

Bear Confirmed If

An EPS below $0.90 would confirm the bear case, suggesting potential challenges in maintaining growth.

Pre-Earnings Positioning

Options Market

Implied Move

±2.57%

Historical Avg

±2.5%

In line with history

The options market is pricing in a move of approximately 2.57% in either direction following the earnings report, indicating uncertainty among investors.

Options are pricing ±2.6% while ZS has averaged ±2.5% over the last 8 prints — setup is roughly in line with history.

Detail

ATM IV

0.6%

30d HV

127.9%

Calls (4.8M)P/C Ratio: 0.44Puts (3.2M)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Information Technology

n=30

Fade rate: 5 of 10 (50%)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If Zscaler beats expectations, history suggests the stock could rise by around 1.13%, confirming strong investor confidence.

In-Line / Cautious

If results are in line with expectations, the stock may experience a muted reaction as investors await further guidance.

Miss

If Zscaler misses expectations, history suggests a potential decline of around 0.0%, leading to increased caution among investors.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on new customer acquisitions and retention rates.
2Insights into competitive pressures and how Zscaler plans to address them.
3Details on product innovations and enhancements in the pipeline.
4Management's commentary on macroeconomic factors affecting the business.
5Guidance on future revenue expectations and strategic initiatives.