Scoreboard / ZS
Zscaler, Inc. ZS
Issue No. 13 pick · September 18, 2026 · Updated October 16, 2026
Setup Snapshot
The Setup in One Card
How ZS moved and the catalyst behind the move, from its Issue No. 13 write-up. It is not on the current Scoreboard, so it carries no Friday Five Score this week.
Issue No. 13
Original Pick
Sector Trend
Slippingdown 4.3 percent
Covered In
Issue No. 13 · September 18, 2026
Catalyst
Sector ReratingSecurity software repriced as a group after weekend warnings about autonomous artificial intelligence agent risk.
Return measured from the Thursday, September 10 close to the Friday, September 18 close, the week it appeared in Issue No. 13.
Why It Moved
The Story Behind the Move
Catalyst
Security software repriced as a group after weekend warnings about autonomous artificial intelligence agent risk.
Why It Mattered
The move has a fundamental anchor the rest of the group lacks: Zscaler beat on its September 3 fourth quarter and guided fiscal 2027 revenue to 3.91 to 3.94 billion dollars with earnings above consensus.
Risk Note
Nothing about the business changed on September 14. The stock trades at 40 times forward earnings and 9.6 times sales and still loses money on a reported basis, with losses up 52 percent in fiscal 2026. A sentiment rerating can be handed back in one session.
Reader Takeaway
A threat narrative is a genuine driver of security budgets and a poor substitute for billings, and only one of those two gets reported in November.
Continue the Research
Put ZS Back in Context
The stock page is one piece of the weekly research. Continue with the original issue, the full public ranking, or the method behind the analysis.
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