# Zscaler financial performance and market outlook

> Live situation record from CLSTR: https://clstr.news/situations/zscaler-financial-performance-and-market-outlook
> Updated: 2026-10-06T23:42:37.000Z. Sources: 4. Developments: 2.

Zscaler reported quarterly financial results that exceeded Wall Street expectations, featuring a 25% year-over-year revenue growth to approximately $719 million. Despite surpassing estimates for annual recurring revenue and raising future guidance, the company’s stock faced downward pressure and volatility.

Following these results, the company held its 2026 Analyst/Investor Day. Financial analysts, including those from the Royal Bank of Canada, reaffirmed an ‘outperform’ rating for the stock with a price target of $236.00. Other institutions, such as TD Cowen and JPMorgan Chase & Co., also provided price target increases, contributing to a consensus ‘Moderate Buy’ rating among analysts.

## Timeline

### 2026-10-06: Zscaler receives reaffirmed ‘outperform’ rating from Royal Bank of Canada

Zscaler received an ‘outperform’ rating reaffirmation from Royal Bank of Canada with a $236.00 price target amid its 2026 Analyst/Investor Day.

2 sources. https://clstr.news/cluster/zscaler-receives-reaffirmed-outperform-rating-from-royal-bank-of-canada

### 2026-09-09: Zscaler shares fall despite beating earnings and raising guidance

Zscaler shares fell despite beating earnings expectations and issuing upbeat guidance, driven by growth in Zero Trust and AI security adoption.

2 sources. https://clstr.news/cluster/zscaler-shares-fall-despite-beating-earnings-and-raising-guidance

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Cite as: Zscaler financial performance and market outlook. CLSTR, https://clstr.news/situations/zscaler-financial-performance-and-market-outlook