---
title: "Zscaler Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/298049076.md"
description: "Zscaler reported Q4 fiscal 2026 revenue of $898.16 million and adjusted EPS of $1.19, beating estimates. The company issued strong FY27 guidance with projected revenue of $3.91-$3.94 billion. Despite the positive results, shares fell 4.1%. Analysts from Needham, Stephens & Co., Barclays, and Scotiabank raised their price targets following the earnings announcement."
datetime: "2026-09-04T13:45:04.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/298049076.md)
  - [en](https://longbridge.com/en/news/298049076.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/298049076.md)
generator: "portal-rs"
---

# Zscaler Analysts Boost Their Forecasts After Better-Than-Expected Q4 Earnings

**Zscaler Inc** (NASDAQ:ZS) reported better-than-expected financial results for the fourth quarter of fiscal 2026 and issued strong guidance for fiscal 2027 on Thursday.

Zscaler reported fourth-quarter revenue of $898.16 million, beating the consensus estimate of $877.36 million. The company posted fourth-quarter adjusted earnings of $1.19 per share, beating analyst estimates of $1.08 per share, according to Benzinga Pro.

"AI represents one of the most significant opportunities in Zscaler’s history. By connecting users, workloads, branches, and now agents directly to the applications they need without placing them on the network, we are uniquely equipped to help companies both combat the threats created by agentic AI and securely deploy AI agents and models," said Jay Chaudhry, chairman and CEO of Zscaler.

Zscaler sees first-quarter revenue in the range of $935 million to $939 million versus estimates of $927.02 million. The company anticipates first-quarter adjusted earnings of $1.15 to $1.16 per share versus estimates of $1.08 per share.

Zscaler guided for fiscal 2027 revenue of approximately $3.91 billion to $3.94 billion and full-year adjusted earnings of $4.86 to $4.90 per share. Analysts are currently forecasting full-year revenue of $3.90 billion and adjusted earnings of $4.60 per share.

Zscaler shares fell 4.1% to trade at $170.56 on Friday.

These analysts made changes to their price targets on Zscaler following earnings announcement.

-   Needham analyst Mike Cikos maintained the stock with a Buy and raised the price target from $180 to $215.
-   Stephens & Co. analyst Todd Weller maintained the stock with an Overweight rating and raised the price target from $200 to $225.
-   Barclays analyst Peter Weed maintained the stock with an Overweight rating and raised the price target from $192 to $200.
-   Scotiabank analyst Patrick Colville maintained the stock with a Sector Outperform and boosted the price target from $175 to $200.

**Considering buying ZS stock? Here’s what analysts think:**

*Photo via Shutterstock*

### Related Stocks

- [ZS.US](https://longbridge.com/en/quote/ZS.US.md)

## Related News & Research

- [Zscaler Q4 results beat estimates on strong platform adoption](https://longbridge.com/en/news/297954713.md)
- [Zscaler's Last Guidance Sank the Stock 32% — Investors Are Watching for a Repeat Today](https://longbridge.com/en/news/297908833.md)
- [Zscaler Stock Drops After Earnings, But Analysts See More Upside](https://longbridge.com/en/news/298063426.md)
- [Zscaler (ZS) Is Down 5.1% After Issuing 2027 Guidance And Filing US$1.69 Billion Shelf Registration – Has The Bull Case Changed?](https://longbridge.com/en/news/298038986.md)
- [Is Zscaler (ZS) Undervalued As Its Carahsoft Partnership Targets US SMB Growth?](https://longbridge.com/en/news/297574000.md)

---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**