← ZSCALER INC. DL-,001 overview

ZSCALER INC. DL-,001 vs Okta: why the prices moved differently

Weekly · monthly · quarterly news summaries, side by side in time

ZSCALER INC. DL-,001 (0ZC.XETRA)

Q3 2026
▲3▼1

Zscaler beats Q4, AI security drives growth, but competition and slowdown loom

  • Strong Q4 results and upbeat guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 guidance above consensus. This shows the company's financial health and supports the stock price.

    This point directly explains a key positive factor that drove the stock in Q3.

  • AI security demand fuels record deals AI security demand is a major tailwind, driving record million-dollar deals and over $100 million in AI-security bookings, up 50% quarter-over-quarter. This indicates strong future revenue potential.

    This point highlights a new growth driver that positively influenced the stock.

  • Ambitious long-term targets and short squeeze potential At its analyst day, Zscaler set 2031 targets of $8–10 billion ARR, signaling confidence. High short interest (5.9% of float) could fuel further gains if positive momentum continues.

    This point captures new forward-looking targets and a technical factor that could drive the stock.

  • Growth slowdown and intensifying competition Fiscal 2027 growth is expected to slow to ~17% from 25%, and Palo Alto Networks' aggressive SASE expansion—40% bookings growth and $400 million in displacements—threatens Zscaler's market share and pricing power.

    This point explains a key risk that weighed on the stock during the period.

September 2026
▲2▼1

AI security bookings surge, but growth slowdown and competition weigh

  • AI security bookings top $100 million Zscaler's AI-security bookings exceeded $100 million, up over 50% from the prior quarter, driven by new products like Agentic SOC and Autonomous Application Shield. This shows strong demand for AI security and supports future revenue growth.

    It highlights a key new growth driver that could boost investor confidence.

  • Analyst day sets ambitious 2031 targets At its first analyst day since 2021, Zscaler set fiscal 2031 targets of over $8 billion in annual recurring revenue (ARR) base case, with up to $10 billion upside. Stifel raised its price target to $235, signaling confidence in long-term growth.

    It provides a new long-term vision that can attract investors looking beyond near-term slowdown.

  • Palo Alto Networks intensifies competition Palo Alto Networks' aggressive SASE expansion, with 40% bookings growth and $400 million in displacements, is pressuring Zscaler's market share and pricing. This competitive threat could limit Zscaler's growth and profitability.

    It highlights a new competitive force that may impact Zscaler's performance.

Latest
▲3▼1

Zscaler's AI security push gains traction, but slower growth and competition weigh

  • AI security bookings surge and new products launch Zscaler's AI security bookings jumped over 50% from the prior quarter, with AI Protect bookings crossing $100 million. New products like Agentic SOC and Autonomous Application Shield show its AI bet is winning customers, supporting future revenue and the stock.

    This is a key new positive development that directly boosts demand and future revenue prospects.

  • Analyst day sets ambitious long-term targets, Stifel raises price target At its first analyst day since 2021, Zscaler set a fiscal 2031 annual recurring revenue target of over $8 billion (base case) and up to $10 billion (upside). Stifel raised its price target to $235 from $200, citing AI prospects and reaffirmed fiscal 2027 guidance.

    This new event provides a long-term growth roadmap and analyst validation, lifting investor confidence.

  • CEO warns AI agents are the new weak link, driving demand for security CEO Jay Chaudhry said AI agents will become the weakest link in corporate security, highlighting the need for Zscaler's zero-trust platform. This narrative, echoed by industry fears, is fueling a broad rally in cybersecurity stocks and supporting demand.

    This new commentary reinforces the growth narrative for AI security and could attract more customers.

  • Slower growth guidance and intensifying competition Zscaler's fiscal 2027 revenue guidance implies growth slowing to about 17% from 25%, and rivals like Palo Alto Networks are expanding aggressively in AI security. This raises concerns about cooling demand and market share pressure, weighing on the stock.

    This is a key counterweight that explains why the stock hasn't rallied more despite positive AI news.

▲2▼2

Zscaler's AI security push grows, but slower 2027 growth and competition weigh

  • Slower 2027 growth and AI restructuring Zscaler's fiscal 2027 guidance points to about 17% growth, down from 25%, and the company is cutting roughly 3% of staff to focus on AI. Investors worry demand is cooling, which pushed the stock down 7.8% on the news.

    This is the main new negative force behind the stock's recent drop and explains why growth concerns persist.

  • New AI security products and strong bookings Zscaler launched Agentic SOC, a new AI-powered security tool, and reported AI-security bookings above $100 million, up 50% from the prior quarter. Record $1 million deals and more Zero Trust customers show its AI bet is gaining traction, supporting future revenue.

    This shows the company's growth engine is expanding, which could offset slower overall growth and lift the stock.

  • Sector-wide AI safety bid lifts cybersecurity stocks Warnings from AI leaders about safety risks sparked a broad rally in cybersecurity stocks, with Zscaler jumping 12% in one day. This shows that rising AI fears can drive demand for security solutions, benefiting Zscaler even if the move is partly sentiment-driven.

    It highlights a new demand catalyst from AI safety concerns that directly boosted Zscaler's shares.

  • Intensifying competition in SASE Palo Alto Networks reported 40% SASE bookings growth and $400 million in displacements, aiming to become market leader. This signals tougher competition for Zscaler's core secure networking business, which could pressure its market share and pricing.

    It is a new competitive threat that could limit Zscaler's growth and weigh on the stock.

August 2026
▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

▲3▼1

Zscaler beats Q4, AI demand strong, but 2027 growth slows

  • Q4 earnings beat and strong guidance Zscaler reported Q4 EPS of $1.19 and revenue of $898 million, beating estimates, and issued fiscal 2027 revenue guidance above consensus. Shares jumped 11% after hours. This directly boosts the stock because it shows the company is growing faster than expected and management sees continued demand.

    This is the main new event that moved the stock and answers why it's moving now.

  • AI security demand drives record deals CEO Jay Chaudhry said AI is a big tailwind, driving demand for AI security and zero trust. Zscaler had record million-dollar-plus deals and now serves over 50% of Fortune 500 companies. This supports future revenue growth and makes the stock more attractive.

    It explains the underlying demand trend that is pushing the stock up.

  • 2027 growth expected to slow Zscaler's fiscal 2027 revenue guidance implies growth of about 17%, down from 25% in fiscal 2026. This slowdown could pressure the stock because investors may worry that the rapid growth is fading, even though the company still expects double-digit growth.

    It is a key counterweight that could limit the stock's upside and is part of the new guidance.

  • High short interest could fuel further gains Jim Cramer noted that 5.9% of Zscaler's float is short, higher than peers. After strong results, short sellers may be forced to buy back shares, pushing the price higher. This adds a potential catalyst for the stock.

    It highlights a technical factor that could amplify the stock's move after earnings.

Q2 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

June 2026
▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

▲2▼2

Zscaler's strong demand and cyber warnings offset fraud probe and competition

  • Z-Flex drives strong demand Zscaler's Z-Flex program generated over $480 million in total contract value in the third quarter, up more than 60% sequentially. This flexible purchasing model encourages customers to commit to multi-year deals and adopt more products, pushing annual recurring revenue up 25% to $3.5 billion. This strong demand supports the stock price.

    This shows a key growth driver that directly boosts Zscaler's revenue and investor confidence.

  • Cyber threat warnings lift security stocks A joint warning from U.S. and international agencies about Russian cyber threats against critical infrastructure increased demand for cybersecurity services. Zscaler shares jumped as investors bet on higher spending. The stock has returned 9.5% over the past month, though it remains down 35.7% year to date.

    This event directly caused a sharp share price move and highlights how geopolitical tensions drive demand for Zscaler's services.

  • Securities fraud investigation weighs on stock Pomerantz LLP is investigating Zscaler for possible securities fraud related to its May 26 guidance miss. The stock had already fallen 31.5% on that miss. The investigation adds legal uncertainty and could lead to fines or reputational damage, pressuring the stock price.

    This is a new negative development that could affect investor confidence and lead to financial penalties.

  • Palo Alto Networks' SASE growth intensifies competition Palo Alto Networks reported its SASE annual recurring revenue hit $1.6 billion, up 40% year over year, more than twice the market growth rate. It also recorded nearly 50 displacement wins worth $200 million. This shows strong competition taking market share, which could limit Zscaler's growth and pressure its stock.

    This highlights a major competitive threat that could slow Zscaler's revenue growth and market share gains.

Okta Inc (OKTA)

Q3 2026
▲3▼1

Okta hits four-year high on AI identity security demand

  • AI identity security drives growth Okta's AI-agent security products reached 30% of new bookings, and Agent SSO launched for over 20,000 customers, showing strong demand for identity tools that manage AI agents.

    This is the core new driver of Okta's momentum and stock price.

  • Analyst upgrades and price target hikes Scotiabank upgraded Okta to Outperform with a $165 target, and after Oktane 2026, analyst targets rose as high as $245, reflecting growing confidence in Okta's AI strategy.

    Analyst actions directly influence investor sentiment and stock price.

  • Strong Q2 revenue and raised guidance Q2 revenue grew 11% to $805 million, and the company raised its guidance, signaling robust business performance and future growth prospects.

    Financial results are a key driver of stock price and investor confidence.

  • Billings decline and AI spending risks Billings fell 5.4% to $681.2 million, which could signal slower future revenue growth. Also, Anthropic's CEO warned about pacing frontier AI development, and any AI spending slowdown could cool demand for Okta's products.

    This is a real counterweight that tempers the bull case and could pressure the stock.

August 2026
▲3▼1

Okta Hits Four-Year High on AI Security Demand, But Billings Dip

  • Strong Q2 Earnings and Raised Guidance Okta reported Q2 revenue up 11% to $805M, beat EPS estimates, and raised full-year guidance to ~$3.22B. This solid financial performance reassured investors and fueled a stock rally.

    Earnings and guidance are core drivers of stock price and investor confidence.

  • AI-Agent Security Drives Bookings and Stock Surge AI-agent security accounted for 30% of new bookings, including a multi-million-dollar healthcare deal. Analyst upgrades and a sector rally pushed Okta shares up over 25% to a four-year high.

    Highlights the key growth driver and its direct impact on stock performance.

  • Product Expansion and Partnerships Sustain Momentum New Oktane 2026 AI-agent capabilities and a Yubico passwordless partnership, along with upward earnings revisions, helped Okta outperform the S&P 500 and security peers into October.

    Shows ongoing innovation and strategic moves that support future growth.

  • Billings Decline Raises Growth Concerns Billings fell 5.4% to $681.2M, signaling potentially slower future revenue growth. If this decline persists, it could weigh on Okta's stock despite strong current demand.

    Billings is a leading indicator of future revenue and a key risk to the bullish narrative.

Latest
▲4

Okta's AI-Agent Security Push and Upgraded Guidance Drive Stock Higher

  • Okta expands AI-agent security with new Oktane 2026 capabilities Okta unveiled new AI-agent security features at Oktane 2026, building on its Agent SSO product. This positions Okta as a key identity control layer for enterprise AI agents, potentially expanding its market and driving future revenue growth.

    This is a new product announcement that directly addresses the growing AI agent security market, a key growth driver for Okta.

  • Okta partners with Yubico to push passwordless authentication A Yubico-Okta survey found 43% of security pros still use passwords, highlighting a large migration opportunity. The partnership aims to streamline enterprise issuance of hardware-backed credentials, expanding Okta's identity platform and driving demand.

    This partnership and survey underscore Okta's role in the shift to passwordless authentication, a growing demand driver.

  • Okta stock outperforms as earnings estimates rise Okta shares returned +10.4% over the past month, beating the S&P 500's -2% and the security industry's -7.8% loss. Consensus earnings estimates for the current and next fiscal years have been revised upward, signaling improving fundamentals.

    This point shows Okta's relative strength and positive estimate revisions, which are key drivers of investor confidence.

  • Cybersecurity ETF hits record high on AI agent risks, boosting Okta The First Trust Cybersecurity ETF reached an all-time high as AI agent risks drive spending. Morgan Stanley expects cybersecurity software spending to grow 23% annually through 2028, with Okta rated Overweight, benefiting from the sector tailwind.

    This highlights the broader sector momentum and analyst expectations for strong spending growth, which supports Okta's outlook.

September 2026
▲3

Okta's AI agent identity push and raised guidance drive analyst upgrades

  • Agent SSO launch positions Okta in AI agent governance Okta made Agent SSO generally available, replacing static API keys with identity-governed tokens for its 20,000+ SSO customers. This puts Okta at the center of a new market for securing AI agents, which could expand its total addressable market and drive future revenue growth.

    This is a new product launch that directly addresses a growing need and supports the bullish narrative.

  • Q2 earnings beat and raised fiscal 2027 guidance Okta reported Q2 revenue of $805 million, up 11%, and beat earnings estimates. Management raised full-year revenue, EPS, and free cash flow guidance, signaling confidence. The stock has climbed 19.5% since the report, reflecting investor optimism.

    Earnings and guidance are fundamental drivers of stock performance and show the company's financial health.

  • Analyst upgrades after Oktane 2026 highlight AI opportunity BMO raised its price target to $230 and Morgan Stanley to $245, both citing Okta's exposure to securing AI agents. The upgrades reflect growing confidence that Okta's AI products can accelerate growth beyond the current low-double-digit range.

    Analyst upgrades directly influence investor sentiment and can drive the stock price higher.

  • AI spending boom continues but faces slowdown warnings Jim Cramer named Okta a buy amid a $1 trillion AI infrastructure spending boom, but Anthropic's CEO warned about pacing frontier AI development. While the boom supports demand for Okta's security products, any slowdown could temper growth expectations.

    This captures the broader market sentiment that affects Okta's demand outlook.

▲3

Okta's AI agent identity push and raised guidance drive analyst upgrades

  • Agent SSO launch positions Okta in AI agent governance Okta made Agent SSO generally available, replacing static API keys with identity-governed tokens for its 20,000+ SSO customers. This puts Okta at the center of a new market for securing AI agents, which could expand its total addressable market and drive future revenue growth.

    This is a new product launch that directly addresses a growing need and supports the bullish narrative.

  • Q2 earnings beat and raised fiscal 2027 guidance Okta reported Q2 revenue of $805 million, up 11%, and beat earnings estimates. Management raised full-year revenue, EPS, and free cash flow guidance, signaling confidence. The stock has climbed 19.5% since the report, reflecting investor optimism.

    Earnings and guidance are fundamental drivers of stock performance and show the company's financial health.

  • Analyst upgrades after Oktane 2026 highlight AI opportunity BMO raised its price target to $230 and Morgan Stanley to $245, both citing Okta's exposure to securing AI agents. The upgrades reflect growing confidence that Okta's AI products can accelerate growth beyond the current low-double-digit range.

    Analyst upgrades directly influence investor sentiment and can drive the stock price higher.

  • AI spending boom continues but faces slowdown warnings Jim Cramer named Okta a buy amid a $1 trillion AI infrastructure spending boom, but Anthropic's CEO warned about pacing frontier AI development. While the boom supports demand for Okta's security products, any slowdown could temper growth expectations.

    This captures the broader market sentiment that affects Okta's demand outlook.

▲3▼1

Okta's AI Security Demand Drives Blowout Q2, Guidance Raise, Record High

  • Q2 earnings beat and raised full-year guidance Okta reported Q2 revenue of $805 million (up 11%) and adjusted EPS of $1.05, beating estimates, and raised full-year revenue guidance to about $3.22 billion. This directly boosts investor confidence in future profits, pushing the stock up sharply.

    The earnings beat and guidance raise are the core new financial results driving the stock's 28% jump.

  • AI agent security fuels demand and bookings Okta said AI-focused products made up 30% of new bookings and closed dozens of AI deals, including a multi-million-dollar healthcare contract. This shows Okta is winning real business from the AI boom, which supports future revenue growth and lifts the stock.

    This is the key new demand driver behind the earnings beat and the market's positive reaction.

  • Sector-wide rally and analyst upgrades Strong results from Salesforce and CrowdStrike sparked a broad software and cybersecurity rally, with Okta surging over 25%. Eighteen firms raised Okta's price targets, and hedge fund holdings increased, adding buying pressure that pushed the stock to a four-year high.

    This explains the magnitude of the stock move and the external validation from analysts and funds.

  • Billings decline is a soft spot Okta's billings fell 5.4% to $681.2 million, which may signal slower future revenue growth and could draw analyst questions. This is a counterweight that could limit further gains if it persists.

    It provides a fair picture by highlighting a real negative within an otherwise strong report.

July 2026
▲4

Okta Rides AI Identity Security Wave to 52-Week High

  • UBS Forecast Lifts Cybersecurity Sector UBS projected the global cybersecurity market will grow 13% to $240 billion this year, sending Okta up 5% and peers sharply higher. A rising tide for security spending supports Okta's revenue growth and investor enthusiasm.

    A major analyst forecast that directly boosted Okta and the whole sector, explaining the period's positive momentum.

  • Scotiabank Upgrade on AI Identity Thesis Scotiabank upgraded Okta to Outperform with a $165 price target, arguing identity vendors are key AI beneficiaries. The upgrade drew fresh investor attention to Okta's role in securing AI agents, pushing shares up 4%.

    A direct analyst upgrade that re-rated Okta and highlighted its AI-driven growth story.

  • Joint Cyber Threat Warning Boosts Demand A U.S.-led advisory warned of Russian cyber threats to critical infrastructure, sending Okta up 10.2%. The alert underscores the need for identity security, driving demand for Okta's solutions and lifting the stock.

    A specific event that increased demand expectations for Okta's products and directly moved the stock.

  • AI Identity Upgrades Push Okta to 52-Week High Okta surged 11% to a new 52-week high after KeyBanc, Scotiabank, and Jefferies raised targets, citing Okta's leadership in securing AI agent identities. The wave of bullish calls frames Okta as an early Gen AI winner.

    A cluster of analyst actions that directly re-rated Okta and drove its stock to a new high.

▲4

Okta Rides AI Identity Security Wave to 52-Week High

  • UBS Forecast Lifts Cybersecurity Sector UBS projected the global cybersecurity market will grow 13% to $240 billion this year, sending Okta up 5% and peers sharply higher. A rising tide for security spending supports Okta's revenue growth and investor enthusiasm.

    A major analyst forecast that directly boosted Okta and the whole sector, explaining the period's positive momentum.

  • Scotiabank Upgrade on AI Identity Thesis Scotiabank upgraded Okta to Outperform with a $165 price target, arguing identity vendors are key AI beneficiaries. The upgrade drew fresh investor attention to Okta's role in securing AI agents, pushing shares up 4%.

    A direct analyst upgrade that re-rated Okta and highlighted its AI-driven growth story.

  • Joint Cyber Threat Warning Boosts Demand A U.S.-led advisory warned of Russian cyber threats to critical infrastructure, sending Okta up 10.2%. The alert underscores the need for identity security, driving demand for Okta's solutions and lifting the stock.

    A specific event that increased demand expectations for Okta's products and directly moved the stock.

  • AI Identity Upgrades Push Okta to 52-Week High Okta surged 11% to a new 52-week high after KeyBanc, Scotiabank, and Jefferies raised targets, citing Okta's leadership in securing AI agent identities. The wave of bullish calls frames Okta as an early Gen AI winner.

    A cluster of analyst actions that directly re-rated Okta and drove its stock to a new high.