--- title: "Weekly Recap | Zscaler -2.16%, CRO handover sparks sell-off" type: "News" locale: "en" url: "https://longbridge.com/en/news/300193225.md" description: "Zscaler (ZS) closed the week at $193.05, down 2.16%. The shares climbed through Monday to Thursday, reaching an intraday high of $216.97 on Thursday. Friday opened sharply lower and selling continued through the session, with the stock closing near the low of the day at $193.05. The S&P 500 gained 1.21% over the same period, leaving Zscaler about 3.37 percentage points behind the benchmark. Weekly amplitude reached 12.3%. Average daily volume of 3.43 million shares ran about 38." datetime: "2026-09-26T07:24:12.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/300193225.md) - [en](https://longbridge.com/en/news/300193225.md) - [zh-HK](https://longbridge.com/zh-HK/news/300193225.md) generator: "portal-rs" --- # Weekly Recap | Zscaler -2.16%, CRO handover sparks sell-off ## The Week Zscaler (ZS) closed the week at $193.05, down 2.16%. The shares climbed through Monday to Thursday, reaching an intraday high of $216.97 on Thursday. Friday opened sharply lower and selling continued through the session, with the stock closing near the low of the day at $193.05. The S&P 500 gained 1.21% over the same period, leaving Zscaler about 3.37 percentage points behind the benchmark. Weekly amplitude reached 12.3%. Average daily volume of 3.43 million shares ran about 38.6% above the median, and Friday’s 6.72 million shares more than doubled any other day in the week. ## Key Events The week’s main catalyst landed on Friday, when the company appointed Ross Tackett chief revenue officer. The announcement followed a Thursday filing that Zscaler will host an investor day webcast. The stock moved lower in pre-market trading, extended its decline after the open, and at one point fell more than 9%, putting it on pace for its worst single-day performance in four months. The broader cybersecurity group pulled back as well, though Zscaler’s drop was sharper than most peers. Earlier in the week, chief legal officer Robert Schlossman disclosed a disposal of roughly $1.08m in common shares. Zscaler was also named by Josh Brown as one of four cybersecurity names on his buy list. ## Analyst Ratings Forty-six brokers cover Zscaler: 29 rate it buy, 7 rate it over, and 10 rate it hold. No firm assigns an under or sell rating. The consensus rating is buy, with a consensus target price of $209.68, roughly 8.6% above the latest close of $193.05. Targets range from a low of $155 to a high of $298, a wide spread that reflects disagreement about the company’s quality versus its valuation. Within the systems software industry, Zscaler ranks 5th among 46 covered names. Even after Friday’s slide, multiple brokers maintained buy ratings, with one reiterating a $230 target. ## The Week Ahead On the macro side, the US calendar includes the Dallas Fed manufacturing business activity index on Monday, followed by FHFA house prices, Case Shiller 20-city home prices, JOLTS job openings and consumer confidence on Tuesday. For Zscaler, the main watch item is the investor day webcast the company flagged this week. Investors will look for management’s tone on the CRO transition, growth expectations and customer retention. Whether Friday’s sell-off carries into next week and whether cybersecurity sentiment stabilises are the other questions to track. ## In Short Zscaler closed the week with a clear tension: broadly positive analyst coverage against a high valuation and a sharp single-day drop on an executive change. Most of the 46 covering brokers rate the stock buy or over, and the consensus target sits above spot, but the shares trade around 12.1x book value with negative trailing earnings. The latest session’s fund-flow snapshot showed net selling across all size buckets. Friday’s slide came despite buy ratings from Wall Street, suggesting the market cares more about near-term execution risk after the CRO handover. The investor day is now the key test of how management addresses the transition and whether the cybersecurity pullback can find a floor. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [ZS.US](https://longbridge.com/en/quote/ZS.US.md) ## Related News & Research - [Zscaler Says Agentic AI Could Be Its Biggest Opportunity Ever](https://longbridge.com/en/news/301060839.md) - [These Analysts Boost Their Forecasts On Zscaler](https://longbridge.com/en/news/301153196.md) - [CoreWeave, Nebius, and IREN Stocks Rebound After Plunging More Than 7% on Thursday. 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