Zscaler Inc.


SKU: ZS Category:


Zscaler continued with its robust growth story and delivered yet another all-around beat in the recent result with 15% free cash flow margins, 63% year-over-year revenue growth, and a 54% year-over-year billing increase in the third quarter. The company saw a considerable increase in Q3 in the number of new deals for $1 million or more across the most important customer sectors. As businesses race to change their operations, multiyear, multiproduct pillar deals are picking up speed. For major strategic customers, the management is looking to offer a roadmap that allows them to ramp up into greater and longer commitments for their complete transformative platform. In addition, Zscaler launched advanced AI/ML innovations powered by the largest security cloud in the world for better user protection and digital experience monitoring. It is benefitting from a solid macro for cybersecurity as of today. We give Zscaler a ‘Hold’ rating with a revised target price.

Our Report Structure:

⦁ Company Overview
⦁ Investment Thesis
⦁ Key Drivers
⦁ Historical Quarterly Statement Analysis – Income Statement & Cash Flows
⦁ Historical Quarterly Balance Sheet Analysis
⦁ Historical Annual Financial Statement Analysis
⦁ Analysis Of Key Financial Ratios
⦁ Financial Forecasts For 3 Years
⦁ Forecasting The Capital Structure & Net Debt
⦁ Discounted Cash Flow Valuation
⦁ Trading Multiples
⦁ Key Risks
⦁ Disclosures

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