Zscaler, Inc. Overview
Pro stress-test →Zscaler is a cloud security company whose Zero Trust Exchange platform protects thousands of customers from cyberattacks and data loss by securely connecting users, devices, and applications, distributed across more than 160 data centers globally. The company reported a strong start to fiscal year 2026 with annual recurring revenue growth accelerating to 26% year-over-year.
Strategic Profile
Pro stress-test →The company implements Zero Trust principles to securely connect users, devices, applications and workloads without relying on traditional network-based security. Zscaler's AI Security pillar grew over 80% year-over-year, exceeding the FY26 target of $400 million ARR three quarters earlier than expected, positioning it as a leader in both Zero Trust and emerging AI security markets.
Competitive Landscape
Pro stress-test →The competitive landscape remains challenging with new entrants from firewall companies, while IT budgets remain tight with scrutiny for large deals, although cybersecurity spending is under less pressure compared to other IT areas. Zscaler commands a premium multiple due to its leadership position in Zero Trust security and strong execution across emerging categories, with AI Security and Zero Trust Everywhere demonstrating sustained growth.
Industry Context
Zscaler, Inc. operates in Cloud Security / Cybersecurity SaaS.
Key facts
Headquarters: San Jose, US · Revenue: $3.2B ARR · Market cap: $37.7B