Okta is mentioned as a cybersecurity peer that has experienced significant gains, contrasting with Zscaler's year-to-date performance.
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Zscaler Stock: Buy or Sell?
Aug 17, 2026
Zscaler (ZS) is currently down 20% year-to-date, underperforming its cybersecurity peers. Despite concerns about volatile profitability and flatlining margins, the author believes Zscaler is undervalued based on its forward P/E ratio and discounted cash flow valuation. The author rates Zscaler as a buy, contrasting with downgrades on other cybersecurity stocks that have seen significant gains.
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Fortinet is mentioned as a cybersecurity peer that has experienced triple-digit share price increases, leading to a downgrade recommendation.
Palo Alto Networks is mentioned as a cybersecurity peer that has experienced triple-digit share price increases, leading to a downgrade recommendation.
Despite negative momentum and volatile profitability, Zscaler is considered undervalued with a DCF of $219 vs. a market price of $179, making it a buy.
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ZSbuy opened Aug 17, 2026
+12.44%