NASDAQ · STOCK
Zscaler Inc.
$141.76
52W $114.62 – $336.99
58/100
$20.57B
—
0.93
Price History (6M)
Is ZS Bullish or Bearish?
Mixed.
Innellis AI committee rates Zscaler Inc. (ZS) Watch with a composite score of 58/100
, based on 7 analysts with 57% agreement.
Last updated July 13, 2026.
Executive Summary
7 analysts weighed in with 43% agreement on a bullish lean. Growth Analyst: 4 consecutive earnings beats -- consistent execution. Value Analyst: Price-to-book of 24.7x prices in significant intangible value. Overall recommendation: WATCH.
Bull & Bear Case
Bull Case
- Positive MACD histogram signals bullish momentum.
- Daily volatility (ATR%) above ~3% is treated as elevated risk.
Bear Case
- Both daily and weekly trends are bearish — strong multi-timeframe downtrend.
- Bearish candlestick pattern(s) detected: Bearish Engulfing.
AI Investment Committee
Committee Consensus
As of July 13, 2026
Overall Committee Score
58/100
Agreement
57%
Analysts
7
Conviction
Contested
Value Analyst
bearish
30
/ 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 24.7x prices in significant intangible value
Growth Analyst
bullish
72
/ 100 · Moderate confidence
Strong, accelerating growth with consistent execution
+ 4 consecutive earnings beats -- consistent execution
Technical Analyst
neutral
58
/ 100 · High confidence
Mixed or range-bound price action
+ MACD histogram positive -- bullish momentum
Risk Analyst
bearish
35
/ 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 29.0% signals elevated volatility
Macro Analyst
bullish
70
/ 100 · Moderate confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
+ Market regime is bullish (Bull market -- normal position sizing)
News Analyst
bullish
68
/ 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.33 across 3 articles, 14d)
Portfolio Manager
neutral
55
/ 100 · Moderate confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− 2 existing position pair(s) are highly correlated already
Investment Thesis Evolution
Committee score weakened from 64.4 to 58.5.
- Recommendation changed from Buy to Watch.
- Committee agreement fell modestly from 67% to 57%.
- New bearish signals: 2 appeared.
- New analyst(s) joined: Value Analyst.
Analyst-level changes:
- Growth Analyst: score 80->72 (-8).
- Value Analyst joined: bearish at 30.
Comparing 2026-07-12 to 2026-07-13 (1 day apart).
Technical Analysis
RSI (14)
47.5
Neutral
MACD Histogram
1.787
Bullish Momentum
Trend Direction
Sideways
Weekly: Downtrend
Market Structure
Mixed
Support
$114.64
Resistance
$191.17
Bollinger %B
0.61
Inside Bands
Price vs Moving Averages
EMA 9
$142.44
Below
EMA 21
$139.52
Above
EMA 50
$141.55
Above
EMA 200
$181.29
Below
Fundamental Analysis
Valuation
0
Growth
100
Profitability
25
Financial Health
89
Valuation
P/E Ratio
—
P/B Ratio
24.71×
PEG Ratio
—
Dividend Yield
—
52W High
$336.99
52W Low
$114.62
Quality & Growth
ROE
-371.0%
ROA
-116.0%
Gross Margin
7668.0%
Operating Margin
-473.0%
Revenue Growth YoY
+2461.0%
Debt / Equity
0.95
AI Fundamental Assessment
[reduced confidence: limited earnings history] Price-to-book of 24.7x; Revenue growth (YoY) of 24.6%; Return on equity of -3.7%; Return on assets of -1.2%; Net margin of -2.4%; Gross margin of 76.7%; Current ratio of 2.01 (healthy short-term liquidity); Debt-to-equity of 0.95; Earnings-history trend unavailable; growth based on TTM year-over-year only.
Key Risks
- Both daily and weekly trends are bearish — strong multi-timeframe downtrend.
- Bearish candlestick pattern(s) detected: Bearish Engulfing.
This risk summary is generated from quantitative data signals, not qualitative opinion. All investors should conduct their own due diligence. This is not financial advice.
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