Overview
- Zscaler is scheduled to report fiscal fourth-quarter results after the market close on Sept. 3, a near-term event markets see as a potential catalyst.
- Management’s prior guidance set Q4 revenue growth at roughly 22% year over year and projected FY27 ARR growth of about 16%–17%, and the cautious outlook drove a sharp share-price decline.
- Analysts and investors are focused on operational metrics that signal momentum, especially year-over-year revenue, net new ARR and remaining performance obligation (RPO), which rose 30% to $6.5 billion in Q3.
- Recent results from CrowdStrike and Palo Alto Networks that suggest AI is lifting cybersecurity spending have raised expectations that Zscaler could raise guidance or show ARR acceleration.
- Wall Street consensus and some analysts expect Q4 ARR growth near the mid-20s percentage range and say guidance, not just a one-quarter beat, will determine whether the stock recovers or remains under pressure.